In the past month, the Base network’s meme coin BRETT surged by 348%, momentarily surpassing BONK to become the sixth-largest meme coin by market capitalization. However, BRETT has since retraced some of its gains, experiencing a 9% drop to trade at $0.161 as of 2:37 a.m. EST.
Currently, BRETT is the seventh-largest meme coin with a market capitalization of $1.6 billion, trailing BONK by approximately $100 million. The coin reached an all-time high of $0.193 on June 9.
BRETT Surpasses BOME and TRUMP
This recent rally allowed BRETT to overtake other popular meme coins, including Book of Meme (BOME) and MAGA (TRUMP). Launched in February 2024, BRETT is based on a character from Matt Furie’s “Boy’s Club” comic. Its humorous and relatable nature has helped it climb the ranks to become the largest cryptocurrency on Coinbase’s layer two network, Base. Some traders speculate that BRETT could potentially surpass PEPE due to the growing usage of the Base network.
$BRETT can and might flip $PEPE in short term.
Yea I said it.
Why short term? $PEPE sits at a 5.1 Billion market cap.$BRETT is about to break 2 Billion.
BASE Onchain Summer just began, Smart wallet, extreme marketing and onboarding. $BRETT has sealed it's position as #1… pic.twitter.com/BKy44fREEL
— ΛJ⚡️ (@ajsabbah) June 9, 2024
Base Network’s Rise in Ethereum Layer Two Market
BRETT’s impressive performance coincides with the Base network’s emergence as the second-largest Ethereum layer two, boasting a total value locked (TVL) of $7.73 billion, according to L2Beat. Base has overtaken Optimism’s OP Mainnet, which has a TVL of $7.09 billion. Arbitrum remains the largest Ethereum scaling network with a TVL of $18 billion.
$BRETT 1M 💪
Price +429%
Social dominance +206%
Current #1 LunarCrush AltRank pic.twitter.com/7GCTmLiJLP— LunarCrush Social Intelligence (@LunarCrush) June 9, 2024
Launched in August 2023, the Base network has seen rapid growth, with its TVL nearly increasing tenfold from $742 million on January 1 this year. This expansion is partly driven by a surge in meme coin activity on the network, including the rise of coins like Degen (DEGEN) with a market cap of $191 million and Toshi (TOSHI) at $168 million.
Growing Interest in Base Network Presales
Presales on the Base network are also gaining traction. One notable newcomer, Base Dawgz (DAWGZ), has raised almost $1 million within a week of its launch. Some analysts predict that DAWGZ could be the next token to achieve a 100X increase.
Launched just three days ago, the new multi-chain meme coin project, Base Dawgz (DAWGZ), has already garnered nearly $500,000 in its presale. This remarkable start highlights the growing excitement and anticipation for this unique token, which features multichain functionality, staking rewards, and an innovative ‘Share-to-Earn’ concept.
Base Dawgz Leverages Advanced Blockchain Technology for Seamless Cross-Chain Interoperability
$DAWGZ capitalizes on the rapidly expanding Base chain ecosystem. Although Base is a relatively new chain, its meme coin market capitalization has already exceeded $2 billion. Beyond its playful theme, Base Dawgz offers a share-to-earn utility and plans for future staking rewards, making $DAWGZ both an enjoyable and rewarding asset for its community. Utilizing advanced blockchain technology, Base Dawgz ensures smooth interoperability across multiple chains.
The $DAWGZ token, minted on Base, can be claimed, stored, and traded on Ethereum, Solana, Binance Smart Chain, and Avalanche. This cross-chain functionality is facilitated by Wormhole and Portal Bridge technology, enabling seamless transfers and interactions across different blockchains.
