Recently, it’s been quite the cat 🐱 VS 🐶 battle in meme coins on SOL. On the other hand, the @base chain has been somewhat sluggish lately. Is it a continuing silence, or are they quietly powering up? Let's take a look at some of the hot coins of late 👇

The Base chain MEME has been a bit out of fashion. DEGEN, the leader of Base chain MEME coins, is a bit weak. Although DEGEN is very resistant to decline, it seems to have entered an adjustment period and cannot reach a new high. In addition, it is not listed on top cex.

In addition, a token called $NOGS, which was converted from an NFT project, recently appeared on the Base chain. NOGS’s narrative is bundled with the NFT project Nouns, whose tokens are airdropped to Nouns and Lilnouns holders.

Nouns’ NFT auction is a pioneering work in the NFT era, and the price of 30+ETH once made ordinary people daunting. It has to be said that as a DAO that is very capable of making things happen, Nouns is very strong and has also gathered a wave of top NFT and DAO players.

Today, this group of people has brought Nouns culture into the Base chain, settled in Farcaster, and used NOGS tokens for operations. It can be said that it is very worth looking forward to.

However, even if an ace force like Nouns comes to Base, the price performance of NOGS can only be said to be average. Although the market value is high and it performed well at the beginning, its influence on the entire industry is limited.

These MEME projects of Base are based on Farcaster. Their sustainable operation capabilities and strong social interaction capabilities are obvious to all, but it is always felt that Farcaster has a high threshold, a small circle, and its ability to break out of the circle is currently worrying.

How to play the Base chain? All I can say is: watch more and do less. Especially since BTC is still in a period of shock adjustment, the short-term trend is not clear. However, Base's MEME is definitely worth looking forward to.

On the one hand, compared with Ethereum's Layer2, Base's daily activity is far ahead. As shown in the figure below, Base Chain’s TVL increased by 12.08% in a single week, ranking first in the Layer2 echelon. Currently, its TVL is about 5.8 billion US dollars, ranking third. Arbitrum One ranks first with 17.4 billion US dollars. OP Mainnet ranks second with 6.9 billion US dollars.

On the other hand, the core management team of Base and Coinbase is very open to MEME. Recently, Jesse Pollak, the head of Coinbase protocol and head of Base protocol, once again publicly stated that Meme coin is an important part of the on-chain economy, and he is happy to see more Meme coin-based dissemination to help non-Web3 users enter the on-chain world.

"Meme coin creators on the Base chain have also created many new ways for people to join the community, which has created a Cambrian explosion of experiments for novices to get started. In the next few years, we will see these meme coins attract millions of people to join Base. They will become one of the biggest driving forces because they are constantly attracting more and more people to join in creative ways," he said.

Jesse's wallet address: