The meme fever of Base ecosystem has spread to Zora and Degen Chain

Last weekend, as the Base ecosystem continued to gain momentum, the hype of “meme hot money” gradually penetrated into the “Coinbase-based” ecosystems such as Zora and Degen. On the popular Base-based social platform Warpcast, the meme tokens of Zora and Degen Chain have become so popular.

On March 28, according to official news, Base ecological Meme project Degen announced the launch of the low-cost Layer 3 blockchain Degen Chain, which uses Arbitrum Orbit and AnyTrust DA is constructed, and the settlement layer is Base. The native Gas token of Degen Chain is DEGEN. Syndicate becomes Degen Chain’s Layer 3 infrastructure partner. As soon as the news came out, DEGEN rose by 37% in 24 hours and is now quoted at 0.02035, setting a new all-time high again.

In the following days, DEGEN surged higher. On April 1, DEGEN briefly exceeded $0.06, achieving another 3-fold increase from a week ago. What followed was a wave of hype about the Degen Chain ecology. Over the weekend, Degen Chain ecological tokens generally rose. Among them, the Degen ecological DEX platform DegenSwap token DSWAP increased by 465% in 24 hours, the Meme token DINU increased by 194% in 24 hours, and PURP increased by 67% in 6 hours. According to Dexscreener data, Degen Chain has achieved a daily trading volume of over 80 million US dollars in less than a week since its launch, with 270,000 transactions in 24 hours.

Also attracting attention Zora Ecosystem, its ecological meme coins also experienced general gains over the weekend, among which projects such as Imagine and ENJOY all had an intraday increase of no less than 3 times.

IMAGINE is the first permissionless collector token on Zora, designed to support and encourage art collectors and creators within the Zora ecosystem with economic incentives . ENJOY is the first meme token on Zora. It was airdropped from the community to eligible community users in early March. The conditions for receiving the first season airdrop are the top 500 active Zora creators and about 10,000 active Zora collectors. Of course, distinguished Warpcast OG NFT holders are also on the airdrop list.

In addition to these two projects, a name The meme token for HIGHER is also very eye-catching. The project started as a community channel on Warpcast, aiming to make more contributions to Zora and the artists in its ecosystem. After completing the fundraising and airdropping HIGHER tokens to channel members, core members of the community created a Party Wallet for them and raised $70,000 for initial LP.

According to Official document , the uses of HIGHER tokens include: obtaining Dao membership, opportunities to hype HIGHER IP, and potential incentive opportunities within the future ecosystem. Holding 1 HIGHER token can become a member of Higher, and the HIGHER community is decentralized autonomous organization. So far, the HIGHER token has gained 10x in the past week.

Actually, in the past Over the past few months, the Zora ecosystem has been quietly changing, gradually changing from a "ZORA ball Mint chain" to a "literary hype chain." This became more obvious after the Base ecological meme craze started.

On December 16 last year, Worldcoin announced the launch of collectibles based on the NFT infrastructure platform Zora to commemorate and celebrate the launch of World ID 2.0. Users have until January 12th to mint the collectible on Zora for free. This seems to be another ordinary "ZORA ball" Mint, but since then, Zora ecological active addresses have begun to increase.

In early February this year, the Uniswap community voted to adopt the temperature check voting proposal of "Deploying Uniswap V3 on the Ethereum L2 Network Zora Network". The arrival of Uniswap has greatly enhanced the "financial attributes" of the Zora ecosystem. By early April, according to Dune data, the number of Zora mainnet bridge addresses had reached 470,594, and the number of bridged ETHs reached 6824. The number of network transactions has also continued to rise, and a total of nearly 29 million transactions have been processed so far.