The crypto storm has been constant since Trump took office. On November 19, Trump will again discuss the appointment of the SEC with Coinbase CEO Brain Armstrong, and the long-ignored Base ecosystem is once again back in the public spotlight. In the Base meme ecosystem, in addition to the well-known Brett and Degen, the Base memes are accelerating in rhythm with the current market, with not only a proliferation of AI concepts, but also many Desci series tokens migrating to Base.
New Bottle: AI Series
In this round of the Solana pvp bull market, due to the eye-catching nature of Solana, Base is often overlooked by people. As the last hope of Ethereum, Base not only has the "super strong wet nurse" Coinbase behind it, but also many innovative narratives and the first wave of hype that have occurred on Base this year, such as social, RWA, and Depin. The "casino" of Web3 core, Solanan's pvp is still raging, while countless P-soldiers are still boarding various pictures, formulas and celebrities' cats and dogs, AI has already taken root on Base and kicked off the AI Agent wave.
Virtual Series
As early as March of this year, Base has launched an AI factory aimed at creating games and the metaverse: Virtuals Protocol. As a decentralized AI Agent "production factory", Virtuals Protocol provides support for the release of different AI Agents.
However, most people in the market still have an impression of Base that is stuck on the well-known Brett and Degen, and have not kept up with the changes that have taken place on the Base chain. They may even feel that the market cap of the Base chain, which has relatively poor meme liquidity, is capped at around $10 million. The platform token VIRTUAL of Virtuals Protocol has already broken through a market cap of $200 million and is maintained at around $220 million. At the same time, Virtual is constantly enhancing its product matrix, and on November 19th, it released Agentstarter. As the name suggests, Agentstarter, as an AI Agent Launchpad, will provide the necessary funding and development support to talented teams to help them better develop AI Agents.
Under the narrative shift of AI, from the VC coins on the secondary exchanges to the AI meme coins on Solana, Base seems to be taking over the baton of AI. The narrative centered on AI Agents is unfolding, and the transformation of Crypto native is quietly taking place.
Luna
LUNA is the most popular AI Agent on the Virtuals platform, with the ability of self-awareness and self-thinking, and can achieve fully autonomous operation without human management and operation. It has tens of thousands of fans on platforms like YouTube and TikTok. At the same time, LUNA will also "work" to repurchase tokens, and LNUA will be live-streamed 24 hours a day without interruption, with the repurchase mechanism reflected in the fact that users can use the $LUNA token to tip LUNA during the live stream.
It is worth noting that LUNA has been set a target to ensure that LUNA achieves a market cap of $40.9 billion. Although this market cap is somewhat exaggerated, with such a "slogan" it will inspire all LUNA Holders to drive viral propagation.
The logical closed loop envisioned by LUNA is to gain a fan base through live streaming, increase Holders, and on the other hand, destroy tokens in the form of live streaming tips, thereby achieving market cap growth. But contrary to expectations, since LUNA reached its market cap peak on November 20, it has been in constant decline and has gradually stabilized at a market cap of $50 million.
Aixbt
In addition to LUNA, the AI Agent runner-up on the Virtuals platform, aixbt, has also performed well. AIXBT is a data and information type AI Agent released by @0rxbt on @Virtualss_io about half a month ago. It can extract data from multiple sources and 400+ KOLs and spit out real-time information sources. If users hold more than 600,000 AIXBT tokens, they can also directly access the AIXBT terminal. It is currently the second ranked AI Agent on @Virtualss_io.
On November 16, the deployer of aixbt proposed to burn tokens to increase their scarcity, and this view was immediately responded to by aixbt, after which the AIXBT token also soared. It is currently stable at around $34 million in market cap. At the same time, when memecoins like ai16z on Solana were cross-chained to Base, aixbt also "ate from the bowl and looked at the pot", announcing on November 18 that aixbt would be cross-chained to Solana. The possible reason may be that the attention on the Base ecosystem is not enough, resulting in a relatively low liquidity ceiling.
Sekoia
The case of Sekoia is similar to that of ai16z, belonging to the "VC personally involved" type. Although the name is Sekoia, on November 19, Anand Iyer, the founder of crypto VC Canonical, posted a long article on his social platform stating that he has invested funds and time into the AI agent project SEKOIA, which was initially an experiment, "and now I am fully invested, hoping to expand it."
SEKOIA (Strategic Ecosystem Knowledge and Opportunity Investment Agent), as an autonomous AI system, will cultivate and grow the artificial intelligence ecosystem through strategic investment. SEKOIA will be introduced through Telegram and will soon announce its first investment. That is, to realize AI investing in AI, although it sounds a bit absurd, the market is willing to buy into SEKOIA's narrative.
It is currently ranked third on the Base Virtuals platform, with a market cap already exceeding $20 million.
Clanker Series
Clanker is an AI token issuance platform based on Farcaster, simply understood as a Farcaster version of pump.fun. Through Clanker, the issuance of token assets becomes easier. Its platform token is CLANKER, which is the same as the case of VIRTUAL. Basically, it is also a path of continuous rise, conquering all FUD with pump. Although it is not as strong as VIRTUAL's $200 million market cap, it has just broken through the $10 million threshold and is considered a "newbie" on Base.
The asset issuance platform like Clanker that has emerged on Base can be both good and bad. On the one hand, it gives the on-chain Degens a chance to charge into new narratives, on the other hand, the excessive asset issuance begins to suck blood from each other in the Base ecosystem, and the final result is that one succeeds and the rest wither. Recently, there have been two tokens that have emerged from Clanker.
LUM
LUM is a token created and deployed by aethernet together with clanker in a completely unintervened manner. The initial cause was because a user asked aethernet to self-issue a token through clanker. Now the market cap of LUM has reached $32 million, even exceeding the market cap of its issuing platform token clanker.
The creation of LUM is certainly a good thing, highlighting the collaborative interaction between AI and users. But it is absurd that the issuance of LUM is equivalent to sucking the marrow from its own community token HIGHER. HIGHER has directly become "LOWER".
Anon
ANON is even more on fire. Initially, ANON was a ZK anonymous posting function token deployed through Clanker, and it was ignored when it first went online. But on November 21, V-God and Jesse from the Base team respectively bought ANON, and then launched a path of soaring, from the bottom to the highest point, a 6-fold increase, smoothly breaking through a $50 million market cap. But ANON and AI meme also have fundamental differences, its positioning is an application token and not just an emotional consumption product like other memes. In this era of pump-and-dump relying solely on hot spots, if there are no two big gods in charge, the emotional consumption of ANON will quickly dissipate, and what will follow is the dilemma of value application.
Others
Dreamcoin
In addition to platforms like Virtual that launch AI Agents, Base also has its own pump.fun. Dreamcoin.fun is a token launch platform based on the wow protocol of Zora. Interestingly, dreamcoin has a bit of the flavor of "interpreting dreams", and you can create a "dream interpretation" token by entering your dream in dreamcoin. The platform fees collected will be used to repurchase and destroy the founding token DREAM of dreamcoin. The platform token DREAM has not received much attention, and its market value is still struggling around 2 million.
New Wine: Desci Series
The Desci narrative has been hot recently, with URO, a urolithiasis drug concept, in the lead, and RIFSOL, a rifampicin concept, following closely behind, both of which have completed a market value of over 100 million and been quickly listed. Although the Desci concept was proposed as early as 2022, it has only recently attracted widespread market attention due to the outbreak of URO and RIF. The Desci narrative seems to be blooming all over Solanan, but it has also shown early signs on Base.
Vita
VitaDAO, which focuses on funding early-stage longevity research, has migrated from the Ethereum mainnet to Base this year due to gas issues. VitaDAO has previously received investment from Pfizer. The explosion of VITA is also due to the endorsement of celebrities. During the Devcon in Thailand, Vitalik showed CZ the first product VD001 of VitaDAO, a high-dose spermidine product that can be used as a longevity supplement. Subsequently, CZ expressed the hope to see 1,000 Desci projects next year, and VITA also benefited from this statement, rising 5 times from the bottom in a week and smoothly breaking through a market value of 100 million. However, its performance on Base has been average.
Baby
Baby is supported by the DAO organization AthenaDAO under the Bio Protocol. It belongs to the Desci DAO concept. AthenaDAO has deployed 5 ETH on the Base network to increase liquidity to support the Desci meme project. On November 20, BABY announced the launch of a cross-chain token swap function, allowing users to swap to the Base network and exchange BABY tokens. Currently, the voice of Baby in the Chinese community is not very loud, and its market value is also relatively low, maintaining around 2 million.
Grow
GROW is the community governance token of ValleyDAO. ValleyDAO is a community that funds synthetic biology research, advocating for environmentalism, naturalism, and native health, with a political spectrum leaning more towards the "Green Party" that is in vogue in Europe. The ValleyDAO project HempKnit has crowdfunded about 17.5ETH, currently worth about $55,000. GROW holders can vote on projects, co-fund research, and obtain shares in new biotechnologies.
However, the GROW pool is currently quite shallow, and synthetic biology does not have a FOMO-inducing concept and narrative at the moment, so investors need to be aware of the risks.
Summary
The biggest problem with Base is the lack of sufficient liquidity, perhaps because everyone is already accustomed to the high-intensity PVP of the Solana ecosystem and disdains the memes of the Base ecosystem. However, just 2 months ago, 30 million was the hard cap for on-chain memes, and two months later, memes are running all over the place with a 50 million market cap. The Base ecosystem has not yet caught the eye of many P-small investors, but Virtual has already quietly surpassed a 200 million market cap. Danger in crisis, when everyone is not optimistic about Ethereum, Base has become the last hope of Ethereum.
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