The Meme Coin Boom on the Base Network: Token Ecosystem to Watch in 2025

The Evolution of Meme Coins in the Cryptocurrency Market

Since Dogecoin and Shiba Inu sparked the first wave of popularity, Meme coins have evolved into a unique category of crypto assets. Inspired by internet culture, these tokens attract widespread attention from retail investors to institutions, primarily due to their strong community-driven nature and viral dissemination capabilities.

Unlike traditional blockchain projects, the value of Meme coins is more derived from community consensus and cultural identity rather than pure technological innovation. As Ethereum’s ecosystem faces increasing congestion and high costs, Layer 2 networks are gradually becoming new innovation hubs for Meme coins.

Rise of the Base Network as the New Center for Meme Coins

The Base network, launched by Coinbase as an Ethereum Layer 2 solution, has rapidly become the most vibrant platform in the Meme coin ecosystem in recent years. This network has gathered over 7 million active users and hosts a diversified Meme coin ecosystem with a total market cap of $147 million and daily trading volume exceeding $158 million.

Base’s position as a Layer 2 solution has pushed its TVL to approximately $7 billion, ranking second among Ethereum Layer 2 solutions. This network effect provides an ideal environment for Meme coins to thrive.

Why Base Network Is a Natural Breeding Ground for Meme Coins

On-Chain Efficiency Advantages

Base offers a transaction throughput of 31 transactions per second, with an average Gas fee of only $0.1—significantly lower than Ethereum’s 15 transactions per second and $1 Gas fee. This cost advantage directly lowers the barrier to issuing Meme coins and reduces transaction costs, making high-frequency trading and small investments more feasible.

Developer Ecosystem Maturity

From multi-signature tools to automated liquidity locking mechanisms, the Base ecosystem provides a rich set of development tools. New projects can iterate quickly, and community members can participate in governance conveniently, fostering diversity and innovation in Meme coins.

Community Power Concentration

Meme coin projects on Base often have highly active communities. Users spread information spontaneously via social media, becoming the main driving force behind project growth. This grassroots promotion method is more convincing than traditional marketing strategies.

Major Meme Coins in the Base Ecosystem

BRETT: The Cultural Icon of Base

As the most valuable Meme coin on Base, BRETT’s success story is worth exploring. Inspired by Matt Furie’s comic works, it quickly became an ecosystem star after launching in February.

Current Performance:

• Price: $0.01
• All-time high: $0.24
• Market Cap: $141 million

BRETT’s growth is supported by a passionate community and multiple strategic partners. Many see it as “PEPE on Base,” highlighting its cultural status within the ecosystem.

TOSHI: A New Face in On-Chain Social

TOSHI represents a development approach for Meme coins that integrates practical features. Besides its Meme coin identity, it offers multi-signature transfers, DEX trading, and other tools, forming a relatively complete eco-loop.

Latest Data:

• Current price: close to historical lows
• Market Cap: $126 million
• Daily trading volume: $1.19 million

TOSHI’s sustained activity indicates that Meme coins with practical functions are more likely to attract long-term attention.

DEGEN: Fusion of Utility and Fun

As the native token of the Farcaster social platform, DEGEN’s uniqueness lies in its established use cases. Users earn tokens through social interactions, creating a closed-loop economic incentive system.

Launched in January 2024, DEGEN quickly transformed into a genuine community token. Currently, applications like DegenSwap and FrogSwap have integrated it as a core asset for trading and liquidity mining. On Degen Chain (a three-layer chain), DEGEN also functions as a Gas fee token, further expanding its use cases.

Market Performance:

• All-time high: $0.047
• Current market cap: over $100 million

BENJI: An Attempt at Mechanism Innovation

Basenji, inspired by the dog breed, introduced an automatic liquidity pool mechanism—transaction fees are automatically locked into the liquidity pool to ensure token sustainability.

Current Status:

• Historical peak: $0.09
• Current market cap: $3.53 million
• All-time high occurred in June 2024

Community activities, airdrops, and exchange listing plans keep this project quite active.

MFER: Exploring Decentralized Governance

As a Meme coin emphasizing P2P features, MFER places community governance at its core. Holders can participate in proposal voting, and the project leverages Base’s efficient infrastructure for low-cost on-chain interactions.

Performance Recap:

• All-time high: $0.30 (March 2024)
• Current price: $0.0154
• Market cap: $2.58 million

Despite fluctuations, MFER maintains healthy trading volume and liquidity across multiple DEX platforms.

OmniCat: Pioneer of Cross-Chain Meme Coins

OmniCat uses LayerZero technology to support cross-chain transfers between Ethereum, Base, Blast, Polygon, Arbitrum, BNB Chain, and Canto. This multi-chain deployment strategy makes it a true “borderless” Meme coin.

Market Status:

• All-time high: $0.0045 (December 2023)
• Current market cap: about $5 million
• Ongoing exchange listings

Base God and BlockChainPeople: Small but Fine Projects

Though these two projects have relatively small market caps, each has its own特色。Base God focuses on governance innovation, while BlockChainPeople aims to build a community platform for blockchain behavior analysis.

Base Dawgz: A New Player in Multi-Chain Integration

As a recent project, Base Dawgz adopts a “share-to-earn” model—users earn rewards by sharing relevant content. Supported by Ethereum, BNB Chain, Solana, and Avalanche, it has raised over $40,000 in pre-sale.

The Correct Approach to Meme Coin Investment

Information Gathering and Research

Before investing in any Meme coin, it’s essential to thoroughly understand the team background, project roadmap, and tokenomics. Community activity and discussion buzz on platforms like Twitter are also indicators of project health.

Core Principles of Risk Management

The high-risk nature of Meme coins necessitates several key rules:

Diversification: Avoid concentrating funds in a single Meme coin; instead, mix in some larger-cap mainstream tokens.

Moderate Participation: Use idle funds you can afford to lose, rather than borrowing or leveraging.

Stop-Loss Planning: Set psychological stop-loss points in advance and use automated trading tools to execute them.

Continuous Learning: Keep up with market dynamics and social media trends, adjusting your investment decisions promptly.

Participating in Base Meme Coins via DEX and Platforms

DEX Trading Process

Connect your wallet (e.g., MetaMask) to Base ecosystem DEXs like Uniswap, then swap ETH or USDT directly for target Meme coins. This method bypasses KYC steps and transactions are instant.

Key points include:

• Verify contract addresses to prevent scam tokens
• Watch slippage settings to avoid failed trades or losses
• Ensure sufficient ETH for Gas fees

Centralized Exchange Channels

Some major exchanges now support trading of Base Meme coins. Completing KYC allows users to buy with traditional payment methods, often providing better liquidity.

Meme Coin Ecosystem from a Long-Term Perspective

The longevity of Meme coins depends on several factors: ongoing community engagement, continuous innovation by project teams, and broader crypto cultural acceptance. Projects relying solely on hype will eventually fade, while those with practical utility or strong community loyalty will survive.

Thanks to its excellent performance and comprehensive ecosystem support, the Base network is attracting more Meme coin innovators. By 2025, more projects combining creativity and practicality are expected to emerge in this ecosystem.

For participants, a rational attitude and solid research are the foundation for long-term profits. While enjoying the community culture of Meme coins, remaining vigilant about risks and operating within norms will help you navigate this market filled with opportunities and challenges steadily.