Base Network Creator Sees Memes as “One of the Biggest Drivers” in Onboarding Users
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Base Network Creator Sees Memes as “One of the Biggest Drivers” in Onboarding Users

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1 month ago

During a memecoin hackathon held in New York on April 20, Jesse Pollak, the lead contributor to Base Network, emphasized the significance of memes within the on-chain economy.

Base Network Creator Sees Memes as “One of the Biggest Drivers” in Onboarding Users
During a memecoin hackathon held in New York on April 20, Jesse Pollak, the lead contributor to Base Network, emphasized the significance of memes within the on-chain economy. He expressed excitement about the proliferation of memes on Base, the layer-2 network associated with Coinbase, and their potential to bring more people into the world of blockchain. Since March, the total value locked (TVL) on Base Network has tripled, showcasing its increasing popularity and adoption.

The growth of memecoins and transactions on Base Network experienced a significant surge following the Ethereum Dencun upgrade in mid-March, which led to reduced fees on layer-2 networks. As a result, the TVL on Base Network has soared by nearly 250% since the beginning of March, reaching an all-time high of $1.61 billion on April 21, according to DefiLlama.

Pollak highlighted that apart from speculation, memecoin creators on Base Network have devised various strategies to onboard individuals into their communities. This has resulted in a proliferation of experiments aimed at expanding their culture and attracting more users.

Pollak expressed strong conviction that memes would be a driving force, bringing in millions of people to Base Network in the coming years. He praised the continuous and creative efforts of memecoin creators to onboard more individuals and believed that memes would be one of the primary catalysts for user adoption.

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