Established public chains are all entering the memecoin race. Apecoin has risen by 100%. Who will be the next?

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The meme effect can no longer be ignored and is spreading to other public chains. Those who get the meme get the traffic and the funds.

Some established public chain projects have begun to announce new upgrade plans, creating their own memecoin issuance platforms and their own "pumpfun" to better develop memecoin in their own chain ecosystems. Of course, they will first pull up their own project coins, such as Apecoin ($APE), which has seen a single-day increase of up to 150%.

What are the latest public chains for memecoin?

Apecoin ($APE)

Apecoin seems to have sounded the clarion call for this wave of "public chain entering memecoin movement". On October 20, Apecoin announced that ApeChain and its official cross-chain bridge have been launched. Users can cross-chain tokens such as ETH and APE into ApeChain. $APE's daily increase reached as high as 150%, setting a high since April, and its market value exceeded 1.1 billion US dollars.

Token issuance platform: Ape Express, https://ape.express/

At 4:30 am on October 20 (UCT+8), Apechain's first Pump application Ape Express was launched, and Apecoin officials participated in the interaction in a timely manner. After a long period of depression, Apecoin ushered in a wave of enthusiasm again, which made community members excited. In the first hour of launch, the transaction volume of Ape Express exceeded one million US dollars, and within 12 hours of launch, the transaction volume exceeded 25 million US dollars. In the past 24 hours alone, the number of visitors exceeded 137k.

Representative Memecoins:
  • BORED, market value is currently reported at US$17.7 million
  • Curtis ($CURTIS), market value is currently reported at $10.8 million
  • Crypto Is Fun ($CIF), market cap currently reported at $2.1 million
  • APE, market value reported at US$1.1 million

Fantom ($FTM)

The old public chain Fantom has just been renamed and upgraded to Sonic Labs, and will launch a new EVM chain Sonic before the end of the year. Fantom has actually been planning the meme track for a long time, launching a series of activities such as meme season and providing a lot of rewards, but the effect can only be said to be very average, and there is no project that can be shown off. Sonic is the latest work of Andre Cronje (AC), and it seems to have high hopes.

Token issuance platform: Degen Express, https://degen.express/

Fantom already has its own pumpfun - Degen Express. This decentralized platform was created to protect degens and creators, allowing you to create tokens in seconds and participate in new projects without pre-sales, preventing fraud, snipers and scams, ensuring the safety of tokens and communities.

Representative projects:
  • Tinhatcat ($THC), market cap $11 million
  • Sonic Goat ($sGOAT), market cap: $5.7 million
  • $MARI, market cap $2.7 million, today's hot project

Who will be the next to build their own memecoin platform?

dydx——? ?

On October 20, Charles d'Haussy, CEO of the dYdX Foundation, posted on social media that "at tomorrow's dYdX Day event, speakers will reveal the secrets of moats, Trojan horses, and flywheels."

Although the news has not been confirmed, community members speculate that dYdX will launch a Pumpfun-like token issuance application. As a result, $DYDX has risen 30% today.

The memecoin pie is getting bigger and bigger, and the total market value has exceeded 100 billion US dollars. However, memecoin currently has no actual value and is highly hyped. The volatility is also huge.

After yesterday's sharp rise, memecoins on the Apecoin chain have generally fallen today. Many public chains have deployed memecoins for a long time, but not many can really maintain it, including the Tron chain, which is also losing popularity. Only Ethereum, Solana, Base and other chains can maintain the price and transaction volume of memecoin.

It is normal for memecoin to return to zero, so invest within your means.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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