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The Memecoin Momentum as Base Network’s Rise Post Ethereum London Upgrade

Published 04/24/2024, 06:38 PM
Updated 04/24/2024, 06:45 PM
The Memecoin Momentum as Base Network’s Rise Post Ethereum London Upgrade

  • Memes are reshaping DeFi, attracting users beyond finance.
  • Ethereum’s fee reduction spurred memecoin growth on Base Network.
  • Memecoins prioritize community and cultural engagement over mere financial gains.

The recent surge in memecoins within the cryptocurrency ecosystem, particularly on Base Network, underscores a broader trend in blockchain adoption: the power of memes. This unconventional approach to engaging users is proving to be a formidable force, with Jesse Pollak, lead contributor to Base Network, highlighting its significance during a memecoin hackathon in New York.

Memes are not just humorous internet content, they are becoming a driving force behind the growth of decentralized finance (DeFi), attracting millions of individuals to explore and participate in the on-chain economy.

The exponential rise of memecoins on Base Network can be attributed to sever…

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