Jesse Pollak Highlights Growth Of Base Driven By Memecoins
The post Jesse Pollak Highlights Growth Of Base Driven By Memecoins appeared on BitcoinEthereumNews.com. Jesse Pollak, the brain behind Base, asserts that memes are poised to play a pivotal role in ushering millions of users into his layer-2 network, akin to Coinbase. The network has witnessed a remarkable surge in total value locked (TVL), tripling since March, indicating a burgeoning interest in its offerings. Growth Of MemeCoins Speaking at a memecoin hackathon in New York on April 20, Pollak emphasized the significance of memes in the on-chain economy, expressing excitement about their potential to drive widespread adoption of Base. He remarked, “There’s been a ton of energy on Base,” noting the substantial influx of users facilitated by memes. The momentum behind memecoins on Base gained traction following the Ethereum Dencun upgrade in mid-March, which significantly reduced fees on layer-2 networks. This development spurred a surge in memecoin transactions and contributed to Base’s TVL skyrocketing by almost 250% since the inception of March, reaching an all-time high of $1.61 Billion on April 21, according to DefiLlama. Pollak’s Beliefs On Growth Pollak emphasized that beyond speculative trading, memecoin creators on Base have pioneered innovative strategies to onboard users into their communities. He lauded the proliferation of onboarding experiments, citing a “Cambrian explosion” of initiatives aimed at disseminating cultural narratives to a broader audience. Pollak’s conviction lies in the belief that memes will emerge as a driving force behind Base’s future growth, envisioning them as catalysts for bringing millions of new users into the fold. He emphasized the relentless creativity displayed by meme-driven initiatives, foreseeing memes as powerful tools for community engagement and user acquisition. He noted the burgeoning diversity within Base’s ecosystem, with “hundreds of teams and hundreds of subcultures” contributing to its evolution. These diverse entities are instrumental in infusing energy and culture into Base’s economy and capital markets, fostering a dynamic and vibrant ecosystem.…
The post Jesse Pollak Highlights Growth Of Base Driven By Memecoins appeared on BitcoinEthereumNews.com.
Jesse Pollak, the brain behind Base, asserts that memes are poised to play a pivotal role in ushering millions of users into his layer-2 network, akin to Coinbase. The network has witnessed a remarkable surge in total value locked (TVL), tripling since March, indicating a burgeoning interest in its offerings. Growth Of MemeCoins Speaking at a memecoin hackathon in New York on April 20, Pollak emphasized the significance of memes in the on-chain economy, expressing excitement about their potential to drive widespread adoption of Base. He remarked, “There’s been a ton of energy on Base,” noting the substantial influx of users facilitated by memes. The momentum behind memecoins on Base gained traction following the Ethereum Dencun upgrade in mid-March, which significantly reduced fees on layer-2 networks. This development spurred a surge in memecoin transactions and contributed to Base’s TVL skyrocketing by almost 250% since the inception of March, reaching an all-time high of $1.61 Billion on April 21, according to DefiLlama. Pollak’s Beliefs On Growth Pollak emphasized that beyond speculative trading, memecoin creators on Base have pioneered innovative strategies to onboard users into their communities. He lauded the proliferation of onboarding experiments, citing a “Cambrian explosion” of initiatives aimed at disseminating cultural narratives to a broader audience. Pollak’s conviction lies in the belief that memes will emerge as a driving force behind Base’s future growth, envisioning them as catalysts for bringing millions of new users into the fold. He emphasized the relentless creativity displayed by meme-driven initiatives, foreseeing memes as powerful tools for community engagement and user acquisition. He noted the burgeoning diversity within Base’s ecosystem, with “hundreds of teams and hundreds of subcultures” contributing to its evolution. These diverse entities are instrumental in infusing energy and culture into Base’s economy and capital markets, fostering a dynamic and vibrant ecosystem.…
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