The Memecoin Momentum as Base Network’s Rise Post Ethereum London Upgrade
- Memes are reshaping DeFi, attracting users beyond finance.
- Ethereum’s fee reduction spurred memecoin growth on Base Network.
- Memecoins prioritize community and cultural engagement over mere financial gains.
The recent surge in memecoins within the cryptocurrency ecosystem, particularly on Base Network, underscores a broader trend in blockchain adoption: the power of memes. This unconventional approach to engaging users is proving to be a formidable force, with Jesse Pollak, lead contributor to Base Network, highlighting its significance during a memecoin hackathon in New York.
Memes are not just humorous internet content, they are becoming a driving force behind the growth of decentralized finance (DeFi), attracting millions of individuals to explore and participate in the on-chain economy.
read and mint the deck from my lightning talk on based memes today
— Jesse Pollak (jesse.xyz)
i believe memes are an important part of the onchain economy and am excited to see more based memes proliferate to help bring the world onchain.https://t.co/hmrwNhjwF7(@jessepollak) April 20, 2024
The exponential rise of memecoins on Base Network can be attributed to sever…
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