After being bearish for a while, Ethereum seems to have suddenly become popular. After Solana and Tron, the popularity of meme coins seems to have returned to Ethereum. From Vista, which increased 10 times in one day a few days ago, to Etheism and TaxFarm.ing today, a round of meme surge effect is ready to take off.
What new projects have emerged?
EtherVista ($VISTA)
In this round of meme popularity on Ethereum, the most popular one is of course EtherVista ($VISTA). On September 2, $VISTA had a 10-fold increase in one day. On September 4, $VISTA once again rose by more than 130% in a single day, setting a new record high, reaching a maximum of $38, with a market value of nearly $34 million. It has now fallen back to around $29 million. $VISTA is a deflationary token with a total of 1 million. A certain number of tokens are destroyed every day to reduce selling pressure and death spiral effects through handling fees.
EtherVista is a new meme coin launch platform that uses a different mechanism. Unlike Pump.fun, which unlocks new projects based on liquidity thresholds, Ethervista implements a 5-day liquidity lock period for new projects to address the risk of "rug pulls" shortly after most projects go online. Many meme projects run away within less than a day or even a few hours after going online. Ethervista's mechanism helps extend the life of meme projects, at least giving investors more time to research.
Recommended reading:
- What is EtherVista that increased 10 times in one day?
- " 134 times return, is Ethervista a rising star in DeFi or just a flash in the pan? "
- 《 Understanding Ethervista in one article: Ethereum’s new token launcher DEX 》
TaxFarming ($FARM)
TaxFarming is a platform that simplifies the creation and deployment of tokens on the Ethereum blockchain. By staking $FARM, holders can directly receive 50% of the platform's revenue in the form of ETH. According to dexscreener data, $FARM tokens were launched for 6 hours and the trading volume reached 7.1 million US dollars, an increase of 251,000%.
Etheism ($E)
Etheism ($E) is a new token protocol. Specifically, according to the Etheism Yellow Paper, Etheism is a serialized ERC-20 token that includes a unique feature: it embeds the SUG image of "Etheist Freak" directly into the token's transaction data. The image is generated using a mathematical formula inspired by DNA sequencing and evolves as the token supply decreases.
Unlike standard ERC-721 tokens that use a separate protocol to store images, Etheism integrates its images directly into the token itself. This approach establishes Etheism as a protocol that is different from traditional token standards.
The total amount of $E is 1,000, and the current price is around $3,100. After 8 hours online, it has increased by 573,000% compared to the opening price, with a market value of $3.1 million.
Epumpfun ($EPUMP)
Epumpfun is a fair launch meme coin launch platform. It was a highly anticipated project, but it failed before it even started. Yesterday, the project launched a public token presale, which is open to everyone. 50% of the tokens are used for fair sale, and 50% are used to add liquidity. The project raised more than 2,500 ETH, about 6.1 million US dollars, by the deadline, with more than 1,700 participants in total. However, near the end of the project sale, someone added liquidity on Uniswap V3 in advance, resulting in the failure of the project launch. Fortunately, the project provides a refund channel, and everyone can get a refund. Let's see how this project continues.
Will meme coins cause Ethereum transaction fees to rise?
Earlier today, Etherscan showed that Ethereum Gas rose to 33 gwei in a short period of time due to the impact of contracts such as Ethervista. The top three were Ethervista Router, Uniswap Router, and BananaGun. Due to the sluggish network activity, Ethereum Gas fees have been at a historical low for a long time, even less than 1 gwei. Now that Gas fees have risen, it means that Ethereum network activity has increased. Whether it can continue is worth continuing to observe.
