Although Mem tokens are speculative and volatile assets by nature, they are undoubtedly the most talked about cryptocurrencies of bull markets.
At this point in the bull market in 2021 Dogecoin (DOGE) And Shiba Inu (SHIB) While it is talked about a lot, there are many new mem tokens now and investors are showing great interest.
According to Coindesk news, Solana (LEFT) While mem tokens such as WIF-based tokens have become the most talked about and popular tokens of recent times, mem tokens in Coinbase’s Base network have also started to become active.
With this activity, the total locked asset value (TVL) in the Base network has increased from approximately $450 million to $1 billion as of the beginning of this month.
Additionally, transaction activity has tripled from an average of around 500,000 per day in the last few months to over 1.5 million per day.
This shows that the mem token craze has shifted from the Solana network to the Base network, while the mem token craze has shifted from the Solana network to the Base network. Toshi (TOSHI), Base God (TYBG), Normie (NORMIE) and Brett (BRETT) Mem tokens such as have seen tremendous rises.
According to Coingecko data, BRETT has increased by 8000% since its launch on February 27, while TYBG has increased by 170% in the last week.
It was stated that the increasing popularity of Mem tokens on Base’s network led to high gas fees and network congestion.
*This is not investment advice.
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