Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Crypto traders are capitalizing on the Base blockchain, which has seen a surge in activity and funds locked due to a meme coin-led frenzy for tokens on the network.
The popularity of meme coins on Base has led to high gas fees and network congestion, with trading bots contributing to the issue. Prices of tokens such as cat-themed toshi , thank you base god , normie and brett have risen as much as 1,300% over the past week,Tokens of technical projects such as decentralized exchange Aerodrome’s AERO and Seamless’ SEAM rose as much as 90% in the past week,over the past 24 hours. Social sentiment on X has bumped in tandem, with scores of traders calling for a rotation of capital to the relatively new network.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase's Base Chain Warns of 'Stuck' Transactions Amid Traffic SurgeSam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Read more »
Terra blockchain halts abruptly for second time in March, LUNA price unaffectedThe Terra blockchain shared an official update on the status of its blockchain.
Read more »
Cryptocurrencies Price Prediction: Polymesh, Terra & CryptosThe Terra blockchain shared an official update on the status of its blockchain.
Read more »
Base Baboon Next Meme Coin Surge on the Base Network Why Solana Trades are Switching NetworksHere's why Base Baboon's launch on BASE is a game-changer and why it stands out as a beacon of promise in the crowded meme coin space
Read more »
New Meme Coin Base Baboon $BOON Launches on BASE Network Ethereum Layer 2New Meme Coin Base Baboon $BOON Launches on BASE Network Ethereum Layer 2
Read more »
Thursday's TransactionsBASEBALL Major League Baseball American League BALTIMORE ORIOLES — Placed RHP Noah Denoyer on the Norfolk (IL) full-season IL, LHP Jakob Hernandez and RHP Nathan Webb on the Norfolk 60-day IL, RHP Jean Pinto on the Bowie (EL) full-season IL, RHP Conner Loeprich on the Bowie 60-day IL, RHPs Daniel Federman and Reese Sharp on the Aberdeen (SAL)...
Read more »