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Base Tokens Rebound as Chain Activity Hits All-time High

Memecoins and AI tokens on Base are surging, with the weekly transaction count hitting a new high.
By: Squiffs • November 16, 2024
Base Tokens Rebound as Chain Activity Hits All-time High

After a slow summer, tokens on Base, Coinbase’s Layer 2 blockchain, are soaring, with onchain activity continuing its uptrend.

Over the last week, VIRTUAL from the Virtuals Protocol has risen 50%, KEYCAT has risen 100%, and MIGGLES has risen over 300%. All three tokens are some of Base’s leading contenders in two of the hottest sectors in crypto at the moment: AI and memecoins.

MIGGLES Chart
MIGGLES Chart

Weekly transactions on Base have hit an all-time high of 47 million, a 62% increase from the first week of September and a 2000% increase from January, according to TokenTerminal. The chain’s total value locked (TVL) is also at a new all-time high of $3 billion, with $1.4 billion of that on Aerodrome, the chain's leading decentralized exchange.

The rally was potentially sparked by Coinbase’s spot listings of PEPE and WIF, rekindling hope that Coinbase may list some of the top tokens from its blockchain.

Base

Our articles are stored on Filecoin.

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