L2beat data shows that the Base chain TVL is approximately US$7.27 billion, ranking third in layer2, second only to OP's US$7.567 billion.
Judging from the data growth, there is no doubt that it will surpass OP in the short term. 
Although the DeFi application of the Base chain is not very good, it is obvious that a large amount of funds are pouring in.
The public has two impressions about the Base chain. One is that it has strong social applications, such as Farcaster, Friend.tech, etc. The other is that it is a paradise for MEME coins, second only to Solana.
The Base chain team also values MEME. Jesse Pollak, the head of the Base protocol, is the spiritual leader and leader of the Base chain MEME coin. He frequently retweets X tweets for the MEME coin project.
At the Memecoin hackathon in April, he gave a brilliant presentation on MEME coin:
1. MEM has led thousands of people into the Base ecosystem;
2. The MEME community has created a lot of incredible creative content, including tweets, meme content, NFT projects, artwork, and various activities.
In short, the Base chain’s MEME is very lively.
On June 6, Base Chain held an online event called Base meme summit. How will Base Chain play MEME? Maybe there will be some answers.
What are the leading MEMEs on the Base chain at present? Follwin will help you sort them out.
Let’s first take a look at the 5 tokens involved in this event.
TYBG: MEME cultural center of Base chain
TYBG is the MEME coin issued by The Based Institute, a research institute funded and led by Jesse Pollak in his personal capacity, which aims to support the development of an optimistic, rich and Based-specific culture in the Base ecological economy through research.
The Based Institute is also the organizer of the MEME Summit event. TYBG’s current market value is $20.55 million.
Token address: 0x0d97F261b1e88845184f678e2d1e7a98D9FD38dE
DEGEN:Base Chain Dragon One (unstable status)
DEGEN should be the most popular MEME coin on the Base chain. It has experienced a surge. In the social application Farcaster, users can use DEGEN for rewards. The coin is also considered the most likely token to be listed on Coinbase. It has been listed on platforms including BingX, Gate, Bybit, HTX, Kucoin, etc.
DEGEN will participate in the MEME Summit event. Its current market value is $810 million.
Token address: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed
TOSHI: The blue cat that has performed well recently
The image of TOSHI is a blue cat. This project is not entirely a MEME coin at present, but is becoming a DAO organization, trying to develop some developer toolboxes for the Base chain, such as it plans to develop a launcher, DEX, etc.
TOSHI has increased by more than 27% in the past 24 hours, making it a currency with the highest increase on the Base chain recently. TOSHI currently has a market value of US$200 million.
TOSHI: 0xac1bd2486aaf3b5c0fc3fd868558b082a531b2b4
MOCHI: A cat with a fat penguin style
MOCHI is a yellow cat. Its name, like TOSHI, comes from the name of the cat of Coinbase founder Brian Armstrong.
MOCHI is currently a cute meme. It is similar to the NFT project Pudgy Penguins in terms of social media communication. It is good at making beautiful pictures and short videos. MOCHI's current market value is 27 million US dollars.
Token address: 0xf6e932ca12afa26665dc4dde7e27be02a7c02e50
AYB: Low market value pixel style MEME
AYB is a pixel-style image. AYB will also participate in the MEME Summit event. In comparison, this project has the lowest market value among the projects participating in the event, only 4.1 million US dollars. In addition, the information that can be found is that AYB has a strategic cooperation with bybit, so it is speculated that it is a layout of Bybit Web3 in the Base ecosystem.
Token address: 0x7ED613AB8b2b4c6A781DDC97eA98a666c6437511
Below are some of the more popular MEME projects on the Base chain.
BRETT: The recent surge in myths
BRETT and PEPE come from the same school, from Matt Furie's "Boy's Club" comic series. Moreover, it appeared on the Base chain in 2023. Recently, it has continuously broken new highs, with a market value of nearly 1 billion US dollars, surpassing the popular DEGEN. From the current situation, BRETT has the capital to compete with PEPE.
Token address: 0x532f27101965dd16442e59d40670faf5ebb142e4
HIGHER: The community culture is strong
HIGHER is mainly a meme coin based on the Farcaster social protocol, with a strong creator culture and atmosphere. From the current situation, the MEME coin is in a continuous decline. 
Token address: 0x0578d8a44db98b23bf096a382e016e29a5ce0ffe
MFER, NOGS: NFT projects are resurrected
MFER and NOGS are the coins issued by NFT projects MFER and Nouns on the Base chain, which are airdropped to NFT holders. The former is the personal behavior of the founder, and the latter is community-driven without official participation.
Judging from the price trend, the former has a market value of 40 million US dollars, and the latter has a market value of less than 5 million US dollars. Judging from the popularity of the community, these two projects are becoming less and less vocal.
MFER token address: 0xe3086852a4b125803c815a158249ae468a3254ca
NOGS token address: 0x13741c5df9ab03e7aa9fb3bf1f714551dd5a5f8a
FRIEND: Plan to leave Base
friend.tech is the most popular social protocol on the Base chain. After its token airdrop, FRIEND skyrocketed and plummeted, and is currently in a downward trend. The market value is currently close to $100 million.
Currently, the project intends to leave the Base chain, and the founders said that they were excluded by the Base community. From various perspectives, the future development of the project seems unclear.
In fact, new MEME coins are constantly appearing in Base, such as BUILD, but the prices of these tokens fluctuate greatly and they are very new, so we will not introduce them here.
Overall, the Base chain MEME seems to be in a downward trend. Compared with the recently active celebrity coins on Solana, the Base chain MEME can be said to have lost popularity.
Do you think that the online event on June 6th can bring about the MEME trend of the Base chain?
