In the recent Ethereum ecosystem, Base has stood out, with its TVL exceeding US$2.5 billion, a record high. Moreover, the social culture and leaders in the DeFi sector within the ecosystem are very eye-catching.

Meme on Farcaster protocol The current price of DEGEN is US$0.018, with a 7-day increase of 376%.

DEGEN originated from Farcaster The degen channel has already experienced a market craze in February this year, and Degen has become the most active channel in Farcaster, even higher than all other theme channels combined.

Related reading: "Interpretation of Farcaster’s first community memecoin $DEGEN: The total genesis supply is 37 billion, and three rounds of airdrops will begin》

DEGEN has grown from a simple community meme coin to the present, relying on more than just the popularity of the community.

On February 21, Degen announced the completion of an angel round of financing of 490.5 ETH (worth approximately US$1.47 million at the time), led by 1confirmation, with participation from Farcaster OG and others. Funds will be used to develop the Degen ecosystem and community. Subsequently, the DEGEN token was connected to Drakula, a social video application in the Base ecosystem, and became an in-application transaction token.

It can be said that DEGEN has used Farcaster as its stronghold to start an alliance war in the entire Base ecosystem. At present, DEGEN is increasingly becoming one of the targets of speculation in the entire Base ecosystem. meaning.

In addition to the meme currency DEGEN, the Base ecosystem also has a "serious" DeFi project token AERO. As of writing, its price is 1.4 The U.S. dollar rose 93% on the 7th.

Aerodrome is a liquidity protocol forked from the OP ecosystem’s DEX Velodrome. In early February, Coinbase listed Aerodrome (AERO). On February 27, Aerodrome announced that it had received investment from the Base Ecological Fund led by Coinbase Ventures. The specific amount was not disclosed. The investment was through the purchase of Aerodrome’s native token AERO tokens.

You know, before AERO was listed on Coinbase, the price was only about $0.08. AERO’s journey has been very smooth. As a ve(3,3)

DEX, Aerodrome will also bring more DeFi experiments in the Base ecology, driving the growth of the entire Base ecology.

Base season is really here this time?

Recently, there have been more and more voices discussing Base on social media. In addition to the price effects of leading tokens, the market is also looking forward to whether Base will usher in A craze like Solana.

Related reading: "Not issuing coins is Base’s weapon》

Last year, the craziness of Friend Tech was vividly visible, and Currently, FT points are so unpopular in the OTC market that they are traded at a price of more than $4. This shows that the popularity of Base has successfully driven the market sentiment of new and old projects in the ecosystem.

Jesse Pollak, the person in charge of the Base protocol, is also very active on Twitter and Warpcst, informing users about the progress of all aspects of the Base ecology. In addition, Base’s meme season is not as popular as BALD’s before. This time, Base seems to be really different.

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