Base Meme Coins

Meme coins, a unique and often entertaining category of crypto coins, have been a hot topic recently. Within the meme coin category, the Base network has become a popular platform for these kinds of cryptocurrencies. So in this article, we discuss the Base network as a whole, and explore a few of the top meme coins thriving on the Base network.

Before We Get Started

Before we explore the top 5 meme coins on the Base network, it’s important to remember that you can use a secure crypto wallet, such as Trust Wallet, to manage Base meme coins, Ethereum (ETH) on Base, and other Layer 2 tokens.

Download Trust Wallet as a mobile app, or install the Trust Wallet Extension on your desktop browser.

Understanding the Base Network

The Base network is a Layer 2 network built on Ethereum by Coinbase. Coinbase is one of the world's largest crypto exchanges. The Base network offers a faster, cheaper way to interact with the Ethereum blockchain, all while benefiting from the security and trust of Coinbase.

Positioned as an Ethereum Layer 2 solution, Base operates on the Optimistic Ethereum (OP) Stack. This is a collaboration between Base and Optimism, and is incubated within Coinbase. Base offers a secure, cost-effective, and developer-friendly environment for decentralized applications (dApps). Base is no regular L2 network. Base is backed by the experience and resources of Coinbase. This gives developers access to a massive user base and powerful tools within the Coinbase ecosystem.

According to Coinbase’s official documentation, Base does not have a network token. There are currently no plans to issue a network token. Please be aware of any scammers claiming to offer airdrops or Base tokens of any kind, as you could lose your crypto. Ensure you have the latest version of Trust Wallet installed so that you can benefit from features like the Trust Wallet Security Scanner.

Exploring the Top 5 Meme Coins on The Base Network

The Base network, a Layer 2 blockchain by Coinbase, is home to a vibrant meme coin scene, with various new contenders. Let’s take a closer look at the top 5 meme coins by market cap on the Base blockchain:

Brett (BRETT)

Brett (BRETT) is a meme coin based on the Base network, and its mascot is a character in Matt Furie's Boys' Club comic. Brett launched in February 2024 and is currently trading at $0.0772 with a market cap of $656 million, the largest Base network meme coin by market cap.

Brett is dubbed as “PEPE’S best friend on BASE,” one of crypto's most significant cultural icons and the mascot of Base blockchain.

Brett Tokenomics:

• Supply: 10 billion tokens.

• Liquidity Provider (Locked): 85%

• Treasury: 10%

• Centralized exchange wallet: 5%

Degen (DEGEN)

Degen's started as an ERC-20 token on the Farcaster network, where it revolutionized the platform by allowing "Casters" to reward high-quality content with DEGEN. This innovative approach to content monetization hints at Degen's potential to bridge the gap between meme coins and serious DeFi applications on Base.

Launched in January 2024, Degen is currently trading at $0.03519 with a market cap of $439 million, solidifying its position as the second-largest Base network meme coin.

Degen Tokenomics:

• Supply: 37 billion tokens.

• Community: 70%

• Liquidity pool: 15%

• Ecosystem: 15%

• 1% inflation rate, set to begin in 2028.

Toshi (TOSHI)

Toshi is a meme coin named after Coinbase co-founder and CEO Brian Armstrong's cat, and the pseudonymous creator of Bitcoin, Satoshi Nakamoto. While Toshi may be a meme coin, it is building various use cases. Some of these include:

• Multi-sender: A tool that empowers developers to conduct extensive airdrops, migrations, or presales with efficiency.

• Token locker: A tool for developers to vest or lock team tokens, ensuring clarity and trust within the community.

• Liquidity locker: A solution for securing liquidity, delivering tangible evidence of stability to the community.

Launched in August 2023, Toshi is one of the original Base meme coins. Toshi is currently trading at $0.0006398 with a market cap of $268 million. Toshi is the third-largest Base network meme coin by market cap.

Normie (NORMIE)

Normie is a meme coin on a mission to bring everyday people (aka "normies") to the Base network. Normie has the goal to onboard over 1 billion new investors. They see themselves as the perfect entry point, using meme culture to bridge the gap for newcomers. Community is key for the Normie team, with everything designed to encourage user participation and growth.

Normie was launched in March 2024 and is currently trading at $0.1099 with a market cap of $106 million. Normie is the fourth-largest Base network meme coin by market cap.

Mochi (MOCHI)

Mochi is another meme coin named after Coinbase co-founder and CEO Brian Armstrong's cat. Mochi's utility extends beyond a mere cat-inspired meme. The Mochi team is developing Mochimons (cat-themed NFTs) and even an on-chain Tamagotchi-style game to further engage their community.

With a grant from Coinbase and KYC verification under its belt, Mochi establishes itself as a serious player on the Base chain, demonstrating its legitimacy and potential for growth.

Mochi was launched in November 2023 and is currently trading at $0.00004758 with a market cap of $48 million. Mochi is the fifth-largest Base network meme coin by market cap.

How to Deposit Base Meme Coins to Your Trust Wallet Address

You can deposit Base meme coins from another wallet or from a centralized exchange. Here’s how:

• Select “Receive” from the home screen.

• Search for your desired Base meme coin, and select it. In this example, we’ll use “TOSHI”

From here you have two options. You can either:

1. Copy your deposit address and use that on your exchange account or other TOSHI wallet to send funds to.

2. Use the “Deposit from exchange” option to deposit crypto seamlessly from your exchange account, if the token you’re deposited is supported on the exchange.

Remember that in addition to TOSHI, DEGEN and others, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.