The memecoin fever has spread from the Solana (SOL) ecosystem to the second layer (L2) Base solution . The market value of the network’s “meme” coins increased by more than 217% in just 24 hours. Analysts believe Base could be the next hub for the memecoin mania. Memeinator (MMTR) which is a new project that aims to revolutionize the memecoin space with cutting-edge AI and utility, concluded its presale just two days ago. With a fervent community eagerly awaiting exchange listings, MMTR is poised to make a significant impact on the market.
Memecoins on Base attract the attention of traders
According to CoinGecko , in one day the total capitalization of “meme” coins on Base increased by 217% and now stands at $564 million. The growth leaders over the past seven days were the Degen (DEGEN), Base God (TYBG) and Toshi (TOSHI) tokens. They rose in price by 260%, 91% and 66%, respectively.
At the same time, the capitalization of memecoins based on Solana exceeds $6 billion. Among the main “meme” coins are: dogwifhat (WIF), Bonk (BONK) and Book of Meme (BOOM). Recently, the hype around network tokens pushed the price of SOL above $200 for the first time since 2021. Some analysts believe that the gap between memecoins on Solana and Base will soon narrow significantly.
Base TVL broke through $2 billion
According to L2Beat , at the time of writing, the total value of blocked funds (TVL) Base is $2.25 billion. In the last 24 hours alone, the figure has increased by 48%.
It is noteworthy that it took the second-tier network more than six months to reach the $1 billion mark. The L2 solution reached the $2 billion level in just 25 days. In terms of value locked, Base ranks fourth among the largest Ethereum ( ETH )-based networks. Only Arbitrum One, OP Mainnet and Blast are ahead of the project.
The Base network also benefited from the latest mainnet update, Dencun . As a result of the upgrade, transaction fees have dropped significantly and average only a few cents. This attracted more users to the L2 solution – on March 16, Dune analysts recorded a record number of transfers in Base.
Memeinator is More Than Just a Meme
MMTR transcends the limitations of typical memecoins, which often focus solely on virality. This project boasts genuine utility, offering exclusive access and benefits to exciting features like the Memescanner and the Memeinator Game. Behind the playful exterior lies an engine driven by cutting-edge AI technology. This potent combination propels MMTR through its ambitious roadmap, with the singular objective of maximizing the value of the MMTR token by eliminating threats within the meme landscape.
Building on memecoin Success
MMTR leverages the immense popularity of established memecoins like BONK, PEPE, and SHIB, but with a distinct focus on entertainment value.
The upcoming release of the Meme Warfare game promises a thrilling retro-style shoot-em-up experience, where players take on the role of the Memeinator, battling against rival meme tokens.
Memeinator (MMTR) Deflation and Growth
The MMTR token implements deflationary tokenomics and a staking program, mirroring the successful strategies employed by other prominent memecoins like Dogwifhat and Smog. This approach aims to ensure long-term growth and value appreciation for MMTR holders.
With a sold-out presale and a passionate community eagerly anticipating exchange listings, MMTR is primed to make a significant splash in the crypto market. The project’s unique blend of AI technology, utility features, and engaging entertainment promises to redefine the expectations of memecoins.
