{"id":28171,"date":"2024-03-25T17:51:49","date_gmt":"2024-03-25T17:51:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/base-tvl-spikes-amid-meme-coin-surge-targets-1-billion\/"},"modified":"2024-03-25T17:51:49","modified_gmt":"2024-03-25T17:51:49","slug":"base-tvl-spikes-amid-meme-coin-surge-targets-1-billion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/base-tvl-spikes-amid-meme-coin-surge-targets-1-billion\/","title":{"rendered":"Base TVL spikes amid meme coin surge, targets $1 billion"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethereum-price-symbol-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethereum-price-symbol-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethereum-price-symbol-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethereum-price-symbol-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Base TVL is up more than 126% in the past month, up from around $405 million on February 25.<\/span><\/li>\n<li><span style=\"font-weight: 400\">TVL has reached $913 million amid meme coins frenzy and could hit $1 billion this week.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The Total Value Locked (TVL) on Base, an Ethereum layer-2 protocol launched by <a href=\"https:\/\/coinjournal.net\/news\/tag\/coinbase\/\">Coinbase<\/a>, has reached a new high above $900 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data on DeFiLlama <a href=\"https:\/\/defillama.com\/chain\/Base\" target=\"_blank\" rel=\"noopener\">showed the TVL<\/a> stood at over $913 billion on March 25, up by more than 126% from $405 million on February 25. Bridged TVL was valued at over $1.15 billion.<\/span><\/p>\n<figure id=\"attachment_195153\" aria-describedby=\"caption-attachment-195153\" class=\"wp-caption alignnone\"><a href=\"https:\/\/defillama.com\/chain\/Base\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-195153 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/03\/base-tvl-defillama.png\" alt=\"\" width=\"668\" height=\"360\"\/><\/a><figcaption id=\"caption-attachment-195153\" class=\"wp-caption-text\">Base TVL on DeFiLlama<\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">Base meme coins send TVL soaring<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In the past few weeks, the spotlight has been on Solana-based meme coins. The likes of dogwifhat, Bonk Book of Meme, Slerf and Myro have dominated the market with massive gains.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But Base meme coins have seen a decent spike in the past 24 hours, with data showing their market cap has increased more than 400% in 24 hours to nearly $1 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Buying frenzy has hit tokens such as Toshi (TOSHI), Degen (DEGEN) and Mochi (MOCHI), which have all soared more than 30% in the past day.<\/span><\/p>\n<p>Nansen <a href=\"https:\/\/twitter.com\/nansen_ai\/status\/1772297361135444265\" target=\"_blank\" rel=\"noopener\">highlighted<\/a> the growth in TVL, noting a surge could see it hit $1 billion this week.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Base TVL is up over 25% from last week ($705m to $892.6m), with the network on the path to hit $1b TVL this week<\/p>\n<p>it looks like <a href=\"https:\/\/twitter.com\/base?ref_src=twsrc%5Etfw\">@base<\/a> szn is here <a href=\"https:\/\/t.co\/x5rRRxnw1s\">pic.twitter.com\/x5rRRxnw1s<\/a><\/p>\n<p>\u2014 Nansen \ud83e\udded (@nansen_ai) <a href=\"https:\/\/twitter.com\/nansen_ai\/status\/1772297361135444265?ref_src=twsrc%5Etfw\">March 25, 2024<\/a><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">RWA tokens on the rise<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Real world assets (RWAs) have also contributed to Base\u2019s emerging as a force in the market. <\/span><\/p>\n<p><span style=\"font-weight: 400\">With the recent Dencun upgrade in place, low fees sees interaction with dApps on the rise. Users and investors are also taking key dips into the RWA market, eyeing gems.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On-chain data shows a notable impact on Base TVL from RWA projects, including a 28% spike in TVL for Tangible RWA and nearly 6% for Cygnus Finance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Overall rise in RWA tokens saw the sector\u2019s market cap soar more than 25% to above $7 billion. Top tokens in this market include <a href=\"https:\/\/coinjournal.net\/news\/whales-accumulate-ondo-amid-a-rwa-tokens-buying-frenzy\/\">Ondo Finance<\/a>, Polymesh, Pendle and TokenFi.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Apart from meme coins and RWA, two other narratives likely to lead the bull cycle are artificial intelligence (AI) and Decentralized Physical Infrastructure Networks DePINs).<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/base-tvl-spikes-amid-meme-coin-surge-targets-1-billion\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Base TVL is up more than 126% in the past month, up from around $405 million on February 25. TVL has reached $913 million amid meme coins frenzy and could hit $1 billion this week. The Total Value Locked (TVL) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28171"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28171"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28172"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}