Top Memecoins on Base Network to Watch in 2024

Explore the top memecoins on the Base network and understand their rise in popularity. Learn about the factors driving this trend, how to invest in the trending Base memecoins, and key considerations for managing risks.

Memecoins have surged in popularity, captivating both crypto enthusiasts and mainstream investors. These tokens, often inspired by internet memes, are known for their viral nature and community-driven value. While Dogecoin and Shiba Inu led the initial wave, new memecoins are now emerging on various blockchain networks beyond Ethereum with lower transaction costs and higher throughput. And the Base network is emerging as one of the crypto market’s fastest-growing memecoin ecosystems in 2024.

Base, an Ethereum layer-2 solution, has become a hotspot for memecoins due to its scalability and low transaction fees. This network supports over 7 million users and hosts a diverse range of memecoins with a combined market cap of $1.47 billion and a 24-hour trading volume exceeding $158 million.

Base TVL | Source: L2Beat

The Base network has experienced rapid growth, becoming the second-largest Ethereum layer-2 network by Total Value Locked (TVL), with a TVL of around $7 billion. This growth is fueled by its efficient transaction processing capabilities and strong developer support. The Base network's robust infrastructure attracts innovative projects, including memecoins, which thrive in this dynamic ecosystem.

Key Factors Driving the Trend

Transaction Speed and Low Fees: Base offers lightning-fast transactions with minimal fees, making it ideal for high-frequency trading and viral token exchanges. This efficiency attracts both developers and traders looking for a cost-effective platform to launch and trade memecoins. Base offers a throughput of around 31 transactions per second (TPS) and average gas fees of around $0.10, against Ethereum’s 15 TPS and gas fees of around $1.
Developer Support: Base provides extensive support for developers, encouraging the creation of diverse and innovative memecoins. Tools like multisender, token launchers, and liquidity lockers enhance the ecosystem, making it easier for new projects to thrive.
Community Engagement: The vibrant community on the Base network is a significant driver of memecoin success. Engaged users promote tokens through social media, increasing visibility and adoption. This community-driven approach helps memecoins gain traction quickly and sustain their popularity.

Memecoins like Brett (BRETT), Toshi (TOSHI) and Degen (DEGEN) have shown remarkable growth. BRETT, with a market cap of over $1 billion, aims to be the leading memecoin on Base. DEGEN, used within the Farcaster decentralized social media network, combines meme appeal with real utility. Here’s a look at the best memecoins on the Base network to look out for:

Brett (BRETT)

Brett (BRETT) is a leading memecoin on the Base network, inspired by a character from Matt Furie's "Boy’s Club" comic. Brett is depicted as a laid-back, video game-loving figure, capturing the playful essence of the meme culture. Launched in February 2024, BRETT quickly rose to prominence, becoming the largest memecoin by market capitalization on the Base network. It is often referred to as "PEPE’s best friend on Base," highlighting its cultural significance within the cryptocurrency community.

BRETT’s market performance has been remarkable. It reached a peak price of $0.1939 in June 2024, and despite some fluctuations, it maintains a strong market presence with a current market cap of $1.1 billion at the time of writing. This success is largely driven by its active and enthusiastic community, which fuels its value and adoption. The token has formed strategic partnerships within the crypto industry, further solidifying its position. Recent developments include the expansion of the Base ecosystem, providing a robust foundation for BRETT's continued growth and potential for new use cases.

Toshi (TOSHI)

Toshi (TOSHI) is a prominent memecoin on the Base network, inspired by Coinbase CEO Brian Armstrong's cat. Launched in August 2023, Toshi aims to be the "Face of Base," leveraging a playful meme culture to draw interest and investment. The coin quickly gained traction, partly due to its association with the Base network's rapid transaction speeds and low fees. Toshi has become a favorite among traders for its accessibility and strong community engagement, positioning itself as a key player in the Base ecosystem.

Toshi offers several features and use cases that set it apart from other memecoins. It includes a multisender tool for bulk transactions, a token locker for securing assets, and a decentralized exchange (DEX) for private token swaps. These utilities not only enhance Toshi's functionality but also attract new projects to its platform. Market performance has been robust, with a peak price of $0.0007802 in April 2024 and a current market cap of around $78 million. Community engagement remains high, with active discussions and promotions on social media platforms.

Degen (Base) (DEGEN)

Degen (Base) (DEGEN) is an ERC-20 token launched on January 8, 2024, initially as a reward token for participants in the Farcaster Degen channel. This token was designed to incentivize user engagement by rewarding quality content, with users earning DEGEN tokens based on likes, comments, and holding certain NFTs. The token's popularity quickly grew, transforming from a mere meme token into a substantial community token embraced by developers, crypto content creators, and enthusiasts alike.

DEGEN boasts several key features and use cases that enhance its utility within the Base ecosystem. It serves as the native gas token on the newly launched Degen Chain, a Layer-3 blockchain built to support various applications, including DeFi, NFTs, and gaming. Projects like DegenSwap and FrogSwap utilize DEGEN for token trading, staking, and liquidity provision, creating a vibrant ecosystem around the token. Market performance has been notable, with DEGEN reaching an all-time high of $0.047484 USD and a current market cap of over $100 million. Community engagement remains high, with active participation in liquidity mining and development of new applications using DEGEN.

Basenji (BENJI)

Basenji (BENJI) is a community-driven meme token on the Base blockchain, inspired by the Basenji dog breed. Launched to inject humor and community spirit into the crypto space, BENJI quickly gained traction among meme coin enthusiasts. The token leverages Base's scalable and low-cost infrastructure, making transactions efficient and accessible. Key features include its automatic liquidity pool mechanism, where a portion of each transaction fee is locked into the liquidity pool, ensuring stability and sustainability for the token.

The market performance of BENJI has been notable, with the token reaching an all-time high of $0.1069 on June 10, 2024, before settling at around $0.04 per token. The market cap has fluctuated, reflecting the typical volatility of meme coins, but the community engagement remains strong. The Basenji team actively interacts with the community through events, contests, and airdrops, fostering a sense of belonging and participation. Recent developments include partnerships and increased listings on crypto exchanges, enhancing liquidity and adoption.

MAGA VP (MVP)

MAGA VP (MVP) is a politically themed meme token launched on the Base network to support and engage with the "Make America Great Again" (MAGA) movement. The PolitiFi memecoin integrates satirical elements associated with former President Donald Trump, aiming to create a humorous and community-driven experience. MAGA VP leverages Base's efficient and low-cost transaction capabilities, making it accessible and attractive to a broad audience. The token's primary use case is as a rewards token within the MAGA ecosystem, offering passive rewards in TRUMP tokens through transaction fees on buys and sells.

MAGA VP has shown significant market activity since its launch. It reached an all-time high of $0.7352 in May 2024 but has since adjusted to around $0.2759. Despite the volatility typical of meme coins, the token maintains a robust community presence, with active participation on social media platforms and frequent updates from the development team. Recent developments include strategic partnerships and listings on several major exchanges, which have bolstered its liquidity and market reach. For potential investors, MAGA VP represents a blend of political satire and investment opportunity within the growing Base network ecosystem.

mfercoin (MFER)

mfercoin (MFER) is a meme token designed to embody the playful and irreverent spirit of internet culture. Launched on the Base network, mfercoin aims to create a decentralized, peer-to-peer electronic currency with a strong community-driven approach. The token leverages the efficiency of the Base blockchain to offer low transaction fees and fast processing times. Key features of mfercoin include its decentralized governance, where holders can vote on proposals, and its use within various decentralized applications (dApps) in the Base ecosystem.

In terms of market performance, mfercoin has experienced significant volatility since its launch. It reached an all-time high of $0.3198 in March 2024 but has since seen a decrease, trading around $0.0154 recently. Despite this fluctuation, the token maintains a healthy trading volume and liquidity across several exchanges. The community engagement is robust, with active discussions and updates on social media platforms like Twitter. Recent developments include the integration of mfercoin into more dApps and increasing adoption within the Base ecosystem, making it a potential investment for those looking to explore meme tokens.

Base God (TYBG)

Base God (TYBG) is a meme token launched on the Base blockchain, designed to encapsulate the playful and irreverent spirit of internet meme culture. The token draws inspiration from various facets of meme culture and aims to engage a broad audience with its humorous and community-driven approach. Key features of Base God include its decentralized governance structure, where token holders can vote on proposals, and its integration within the Base ecosystem, facilitating low-cost and fast transactions.

In terms of market performance, Base God has shown notable activity. The token reached an all-time high of $0.000658 in March 2024 but has since experienced a decline, currently trading at approximately $0.000079. Despite this volatility, the token maintains a healthy trading volume across several exchanges, with a 24-hour trading volume of around $1.22 million. The community engagement is strong, with active discussions on social media and ongoing development updates. Recent developments include enhanced trading capabilities and increased adoption within dApps on the Base network.

Briun Armstrong (BRIUN)

Briun Armstrong (BRIUN) is a deflationary meme token on the Base blockchain, created to parody the CEO of Coinbase, Brian Armstrong. Launched in early 2024, BRIUN leverages the Base network's low transaction fees and fast processing capabilities. This token is designed with a unique deflationary mechanism that utilizes Uniswap V3 fees for buybacks and token burns, gradually reducing the total supply to increase scarcity and potentially enhance value over time. The project emphasizes community engagement, fostering a strong, supportive environment for its holders.

In terms of market performance, BRIUN has experienced significant volatility. It reached an all-time high of $0.03164 in March 2024 but has since declined to around $0.001964. Despite this, the token maintains a strong trading volume, with a 24-hour volume of $19,749. Community engagement is robust, with active participation in social media discussions and ongoing promotional activities. Recent developments include exchange listings and integration into various dApps on the Base network, enhancing its utility and adoption.

OmniCat (OMNI)

OmniCat (OMNI) is a unique, omnichain meme token that operates across multiple blockchain ecosystems, including Ethereum, Base, Blast, Polygon, Arbitrum, BNB Chain, and Canto. This cat-themed cryptocurrency leverages LayerZero technology, enabling seamless transfers between different chains while maintaining its price stability. OmniCat is designed to showcase and advance omnichain technology, providing a fun and engaging way for users to experience and participate in DeFi across various platforms.

In terms of market performance, OmniCat has experienced significant activity. The token reached an all-time high of $0.004494 in December 2023 but has since seen a decline, currently trading at approximately $0.0001202. Despite this volatility, OmniCat maintains a healthy trading volume and a market cap of around $5 million. Community engagement is strong, with active participation on social media and ongoing developments, such as listings on major exchanges. These developments enhance OmniCat's accessibility and adoption, making it a noteworthy memecoin to consider adding to your portfolio.

BlockChainPeople (BCP)

BlockChainPeople (BCP) is a meme token launched on the Base blockchain, designed to study and engage the behavior and psychology of blockchain participants. Launched in early 2024, BCP has quickly gained traction within the Base ecosystem, leveraging the network’s scalability and low transaction fees. The token is intended to foster a community of blockchain enthusiasts and meme coin aficionados, encouraging interaction and participation through various community-driven initiatives.

In terms of market performance, BCP has shown significant volatility. It reached an all-time high of $40.40 in June 2024 but has since dropped to around $0.0665, reflecting the typical ups and downs of meme tokens. Despite the price fluctuations, BCP maintains a healthy trading volume, with a 24-hour volume of approximately $1.7 million. The community engagement remains strong, with active discussions and updates on platforms like Twitter and Telegram.

Base Dawgz (DAWGZ)

Base Dawgz (DAWGZ) is a new meme token on the Base blockchain, embodying the spirit of adventure and innovation. It aims to stand out in the crowded meme coin market by offering cross-chain capabilities, allowing transactions across Ethereum, BNB Smart Chain, Solana, and Avalanche. This multi-chain approach enhances its visibility and accessibility, making it a unique player in the meme coin space. Base Dawgz also introduces a novel share-to-earn concept, where users can earn rewards by sharing DAWGZ-related content on social media, thus driving community engagement and token popularity.

In terms of market performance, Base Dawgz has shown strong initial interest, raising over $40,000 in the first few hours of its presale. The token's price began at $0.00479 and is expected to rise throughout the presale. Community engagement is robust, with active participation on social media platforms and regular updates from the development team. Recent developments include plans for staking rewards and listings on major decentralized and centralized exchanges (DEXs and CEXs), which are expected to further enhance its market presence and utility. For potential investors, Base Dawgz offers a blend of innovative features and strong community support, making it a promising addition to the memecoin market.

You can buy and trade Base memecoins on KuCoin and DEXs within the Base ecosystem. Here’s how to get started:

How to Buy and Trade Memecoins on KuCoin

Create an Account on KuCoin: Visit the KuCoin website and sign up for an account. Complete the Know Your Customer (KYC) verification process to ensure your account is fully functional. This involves providing identification and proof of address.
Deposit Funds: Once your account is verified, deposit funds. You can use a variety of methods, such as bank transfer, credit card, or transferring cryptocurrencies from another wallet. Ensure you have some Ethereum (ETH) since it’s commonly used to trade for other tokens.
Buy USDT or ETH: On KuCoin, buy Tether (USDT) to use as the base currency for trading memecoins. Navigate to the trading pair section, find the USDT or ETH pair, and execute the purchase.
Trade for Base Memecoins: Search for the specific Base memecoin you want to buy (e.g., BRETT) in the trading section. Choose the appropriate trading pair (e.g., BRETT/USDT) and place your order. You can set a limit order for a specific price or a market order to buy at the current market rate.
Store Your Tokens: After purchasing, transfer your tokens to a secure crypto wallet. Using a self-custodial wallet like MetaMask ensures you have full control over your assets. Connect your wallet to the Base network by adding the network details in your wallet settings.

How to Buy Base Memecoins Using DEXs

Connect Your Wallet: Choose a compatible wallet like MetaMask or Trust Wallet and connect it to a Base network DEX such as Uniswap. Ensure your wallet has enough ETH to cover transaction fees.
Select the Memecoin: On the DEX, find the memecoin you want to trade by pasting its contract address. Confirm that the token is verified to avoid scams.
Swap Tokens: Specify the amount of ETH or USDT you want to trade for the memecoin. Confirm the transaction, paying attention to slippage tolerance and gas fees. The memecoins will be transferred directly to your wallet once the transaction is complete.

While memecoins are fun and exciting, their inherent volatility also increases the element of risk involved. Here’s how you can mitigate some of the risks associated with trading and HODLing memecoins:

Do Your Own Research (DYOR): Investigate the project thoroughly. Check the team behind it, their goals, and the community’s sentiment. Verify the project's whitepaper and roadmap to understand its vision and future plans.
Evaluate Tokenomics: Understand the tokenomics, including total supply, distribution, and any deflationary mechanisms. A well-structured tokenomics can indicate a healthier long-term potential for the coin.
Community Engagement: A strong, active community can be a good indicator of a project’s potential. Engage with the community on platforms like Telegram, Twitter, and Discord to gauge their activity and sentiment.
Diversify Your Portfolio: Don’t put all your funds into a single memecoin. Spread your investment across multiple assets to mitigate risks. This includes balancing your portfolio with more established cryptocurrencies alongside memecoins.
Stay Updated: Memecoins are highly influenced by social media trends and market news. Follow the latest updates and discussions related to your investments. Set up alerts and follow key influencers in the crypto space to stay informed.
Use Stop-Loss Orders: On platforms like KuCoin, use stop-loss orders to protect your investments. This automatically sells your holdings if the price falls below a certain level, minimizing potential losses.

By following these steps and tips, you can effectively invest in Base network memecoins while managing risks and making informed decisions.

The success of these memecoins underscores the importance of innovation and community engagement in driving their value. As an investor, it’s crucial to stay informed about market trends and the developments within the Base network. Engaging with community forums, following updates on social media, and conducting thorough research can help you make wise investment decisions.

Investing in memecoins can be highly rewarding, but it also comes with significant risks due to their volatility. Diversify your portfolio, invest wisely, and keep abreast of the latest news to maximize your potential returns while managing risks effectively. By staying informed and cautious, you can navigate the exciting world of Base network memecoins successfully.