Base Creator: Meme Coin will be the key to bringing millions of users into the Base network

PANews reported on April 22, according to Cointelegraph, Jesse Pollak, Coinbase protocol director and Base creator, stated at the Meme Coin Hackathon held in New York on April 20 that Meme coins are an important part of the chain economy. He is pleased to see more diffusion based on Meme coins helping the world enter onto the chain; there is a lot of vitality on Base and he has noticed that these Meme coins are now bringing tens of thousands of people into this new economy.

Pollak said that besides speculation, creators of Meme coins on Base have also nurtured countless new ways for people to join their communities. "This has created a Cambrian explosion-like experiment with going onto the chain where people are trying various methods to explore how we can pass our culture onto more people." He added: "What we increasingly believe is that 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 continue attracting more and more people through creative ways."

After Ethereum's Dencun upgrade in mid-March, trading volume surged for both meme coin and base due to reduced fees for Layer2 networks. According to data from DefiLlama since early March, total locked value (TVL) in Base has almost grown by 250%, reaching a historical high level of $1.61 billion USD as at April 21.