Wealth Vault: Defi Insider

Wealth Vault: Defi Insider

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Wealth Vault: Defi Insider
Wealth Vault: Defi Insider
Unveiling The Ultimate BASE Ecosystem Strategy 🚀

Unveiling The Ultimate BASE Ecosystem Strategy 🚀

The only Base guide you'll need.

Dami Defi's avatar
Dami Defi
Mar 26, 2024
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Wealth Vault: Defi Insider
Wealth Vault: Defi Insider
Unveiling The Ultimate BASE Ecosystem Strategy 🚀
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Welcome back to Wealth Vault. Today, I would like to share a once-in-a-lifetime opportunity that I believe will deliver outsized returns to early movers.

Solana has had an incredible meme coin run in the last three months, with millionaires being created within hours. While opportunities still exist, the early bird advantage has long passed. Recognizing this, investors are starting to shift their focus to other ecosystems, resulting in signs similar to the early days of Solana's meme coin boom across multiple chains. 

Base, Coinbase's Layer 2 network, has emerged as a favorite. While Solana's momentum slows, Base has seen significant growth in meme coins, net inflows, and liquidity flows, indicating that capital rotation is underway. 

Today we’ll be exploring the following:

💎 What is Base and Why is Capital Flowing to it?

💎 How to Bridge to Base

💎 My Memecoin Check List

💎 Hot Base Meme coins

💎 Base Airdrops 

💎 Top Base Altcoins

Let’s get started

💎 What is Base and Why is Capital Flowing to it?

The primary drivers of the Solana meme coin boom were low transaction costs and high throughput. The network's cheap transaction fees are appealing, especially during periods of high activity when gas on other networks like Ethereum becomes prohibitively expensive. Solana's high throughput also means the network can handle thousands of transactions per second, making it ideal for meme coin projects with high trading volumes.

However, the mid-March Ethereum Dencun Upgrade has significantly reduced fees for all ETH L2s, making them more competitive than Solana. Before the upgrade, the average Base transaction cost was $0.31, but it has now been reduced to just a fraction of a cent (around $0.0004). As a result, we are seeing increased user activity in Base and other L2s. 

Base is Coinbase's layer 2 network built on the Optimism protocol. It provides a low-cost, secure, and developer-friendly platform for on-chain development in the Ethereum ecosystem. As a result, the hype surrounding Base also has its roots in the remarkable success of its parent company.

Coinbase is the largest centralized exchange in the United States, with a valuation exceeding $60 billion. The exchange serves as the custodian for 90% of the U.S. Bitcoin spot ETFs and has secured its position as the preferred blockchain for major entities such as Blackrock and USDC. Adding to its impressive track record, Coinbase recently reported a 49% year-over-year revenue growth, solidifying its status as a powerhouse in the industry. Base, as the home of all of Coinbase's on-chain products, stands to directly benefit from this success.

Let us now look at some of Base’s key verticals.

💎 How to Bridge to Base

To bridge assets from Ethereum to Base chain, follow these condensed steps:

First you need to add Base chain to your Metamask:

⎆ Navigate to BaseScan: Go to BaseScan. At the bottom of the page, you’ll find the “Add Base to MetaMask” button, which includes a MetaMask icon.

Now onto bridging

  1. Select a Bridge: Choose a secure bridge that supports Ethereum to Base transfers, such as https://bridge.base.org/deposit

  2. Prepare Wallets: Have wallets ready on both chains (MetaMask for Ethereum, Metamask or Coinbase wallet for Base) with some ETH in each for fees.

  3. Bridge Transfer:

    • Visit the bridge's website and connect your Ethereum wallet.

    • Choose the assets to bridge, specify your Base wallet as the destination, and confirm the transaction.

  4. Receive on Base:

    • After the Ethereum transaction confirms, switch to your Base wallet.

    • Your assets may arrive automatically, or you may need to claim them. Follow the bridge’s instructions.

💎 Base Meme Coins Checklist

Let us start with a step-by-step guide to finding the best meme coin in Base:

  • Go to  Bird Eye website:

https://birdeye.so/

  • and click on Base

  • Navigate to "Find Gems" to explore the latest altcoin gems

  • Sort by trading volume to identify coins that are actively traded and gaining attention.

  • Verify Holder Growth. You can use BaseScan or a similar tool to check the holder count trend over time. Look for coins that show organic growth in their holder base. A consistently increasing number of holders indicates a growing and engaged community

  • Assess Liquidity: Coins with low liquidity can be riskier investments. 

  • Examine trading activity: Consistent trading volume indicates ongoing interest and potential for growth

  • Check Token Distribution: Tools like Bubble Maps can provide insights into how tokens are distributed among holders.

  • Conduct Further Due Diligence: Dive deeper into the meme coins that meet the criteria above. Visit their Twitter accounts, community forums, or official websites to gauge their community engagement, the quality of the meme, and the overall project vision.

Following these steps will help you identify potential meme coin opportunities on Base, allowing you to make informed investment decisions.

💎 Hot Base Meme coins

Here are 4 memes on Base that fit this criteria and have shown good strength.

I’ve bet big on 2 of them.

(i also unveil top base altcoins im accumulating and my Base airdrop startegy)

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