Base, the Ethereum layer-2 network built with the Optimism stack and backed by Coinbase, has emerged as one of the most active environments for meme coin activity. According to the source material, by mid-2024 the network had grown to around $2.45 billion in total value locked, supported more than 65 million addresses, offered average gas costs near $0.10, and reached throughput of up to 31 transactions per second. Those attributes matter for meme tokens, which typically depend on low-cost trading, fast settlement, and strong social momentum.
Unlike infrastructure-heavy crypto sectors, meme coins often rise on brand recognition, internet culture, and community participation. On Base, that model has found a natural home. The network’s lower fees compared with Ethereum mainnet reduce the friction for smaller traders and community-led speculation, while its connection to the broader Ethereum ecosystem gives projects easier access to liquidity venues and familiar token standards.
Ten Base meme coins drawing attention
Brett is one of the best-known meme coins on Base. The project launched on February 29, 2024 and is described in the source as being created by Matt Furie, the artist associated with the Pepe meme. Brett has a capped supply of 10 billion tokens, with 10% reserved for treasury, 85% directed to liquidity pools, and 5% allocated to centralized exchange wallets. Its rise has been linked to rapid price appreciation, a sizable market capitalization, and listings on exchanges such as Bitget, KuCoin, and Binance Futures. Within the Base ecosystem, Brett is framed not just as a token, but as a cultural mascot tied to community identity.
DEGEN began as a meme coin distributed to active members of Farcaster’s Degen channel, but it has since taken on a more functional role. It now serves as the native token of Degen Chain, a layer-3 blockchain built on Base. Its core utility is to pay gas fees on that chain. The source notes that after launch, DEGEN generated nearly $100 million in transaction volume within 24 hours. Its tokenomics also heavily emphasize community alignment, with 70% of supply set aside for future airdrops. That combination of low-cost utility and social-native distribution helped DEGEN stand out from purely narrative-driven meme assets.
TOSHI takes its name from Coinbase CEO Brian Armstrong’s pet cat, while also making a playful reference to Satoshi Nakamoto. The source lists a circulating supply of 420 billion tokens and a market capitalization of about $58.65 million. TOSHI is notable for extending beyond simple meme branding. It connects to a collection of 3,000 NFTs called NFTOSHIS, which adds a collectible layer to the ecosystem. The project has also introduced developer-oriented tools such as token lockers, liquidity lockers, and multi-sender utilities designed to improve transparency and operational security. Governance has been pushed further through MEOW DAO, allowing token holders to participate in decision-making.
BENJI, also referred to as Basenji, draws inspiration from the Basenji dog breed. It has a total supply cap of 1 billion tokens and an estimated circulating supply of around 922 million. According to the source, BENJI reached a market capitalization of $30 million within 24 hours of launch and climbed to $57 million in its first week. It is now estimated around $27 million, with approximately $1.37 million in 24-hour trading volume. Those figures point to sustained market interest, even after the initial launch excitement faded.
MIGGLES is tied to a viral video featuring a Himalayan cat and is marketed as the “Coinbase Cat Mascot.” Its circulating supply is said to be about 960 million tokens, with a market capitalization near $23.58 million. A major milestone for the community was the acquisition of the Miggles 10k NFT collection, described in the source as the first major NFT collection acquisition by a community takeover initiative. Trading access on exchanges including LBank and decentralized venues such as Aerodrome has helped support liquidity and visibility.
MFER takes its branding from internet slang and appears aimed at a younger, digitally native audience. Its token supply is capped at 1 billion, creating a scarcity narrative often used in meme markets. The source highlights increased trading volume and market attention following listings on exchanges such as Gate.io. MFER also attempts to layer in social mechanics, offering rewards tied to community participation and content creation. That gamified angle may help explain part of its appeal to traders looking for more than pure price speculation.
KEYCAT builds around the well-known Keyboard Cat meme. It has a total supply of 10 billion tokens, all of which are listed as circulating. The project’s market capitalization is estimated at more than $54 million, while its 24-hour trading volume often exceeds $1 million. The fully circulating structure means the market does not need to price in a large future unlock schedule, which can be an important consideration for traders focused on supply overhang.
CHOMP centers on a cute orange fuzzball meme associated with the phrase “lettuce cook.” It has a total supply of 100 million tokens, of which roughly 93.7 million are circulating. The source estimates its market capitalization at around $13.23 million. CHOMP has gained traction through decentralized exchange activity, especially on Aerodrome SlipStream, where the CHOMP/WETH pair has been active. That kind of visible DEX liquidity is often essential for meme tokens trying to move from niche community status to broader speculative attention.
NORMIE is an ERC-20 token on Base built around the internet concept of the “normie,” or average mainstream user. It has a capped supply of 1 billion tokens and approximately 974.57 million in circulation. The project became widely discussed after a smart contract vulnerability caused its market capitalization to collapse from $41 million to just $2 million. It later recovered to around $19.22 million. Despite that episode, the community remained active, and the token continues trading mainly on decentralized exchanges such as Sushiswap V2 and Uniswap V3. NORMIE stands out as a reminder that meme coin momentum can coexist with very real technical and security risks.
BAMBOO extends the meme theme through panda-related branding. It has a capped supply of 1 billion tokens and a fully diluted valuation of about $10.08 million. The source reports 24-hour trading volume of around $128,445, with most trading concentrated on Uniswap V3 on Base. Its primary pair there is BAMBOO/USDC. Compared with some of the larger names on the list, BAMBOO appears more niche, but it still reflects the breadth of meme experimentation taking place across the network.
Why Base has become fertile ground for meme assets
The appeal of Base for meme projects comes down to a few structural advantages. First, lower transaction costs make it easier for retail users to buy, sell, and interact with highly volatile tokens without seeing a large portion of capital consumed by fees. Second, its Ethereum compatibility lowers the barrier for issuance and exchange integration. Third, the Coinbase association gives Base a visibility advantage over many newer chains competing for attention.
That said, the same conditions that enable rapid growth can also amplify speculation. Meme coins on Base, as in other ecosystems, are driven primarily by online engagement, narrative strength, and viral visibility rather than discounted cash flow, protocol revenue, or deeply embedded utility. Even where projects have added extra layers such as NFTs, DAOs, or chain-native gas functions, sentiment still plays an outsized role in price formation.
Opportunity and risk move together
The source material closes with a reminder that meme coin investing can be entertaining and community-oriented, but it also carries substantial risk. That caution is consistent with the profiles of the tokens listed. Some have seen rapid appreciation after exchange listings or viral community growth. Others, like NORMIE, demonstrate how quickly smart contract issues or adverse sentiment can erase market value. In many cases, liquidity conditions, token distribution, and the durability of community engagement matter as much as branding.
For market participants watching Base, the meme coin sector offers a window into how culture, infrastructure, and speculation intersect on modern layer-2 networks. Projects such as Brett, Degen, and Toshi show that on-chain communities can move quickly when the costs are low and the social incentives are high. But as always in meme markets, traders need to weigh upside against extreme volatility, limited intrinsic value, and execution risk before making decisions.