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Trump’s Meme, Solana’s Activity Boom, and Base’s Next Step | Analyst Round Table

Jan 23, 2025
Dive into the wild world of meme coins with the launch tied to a high-profile figure, shaking up the blockchain and creating NFT chaos. Witness Solana's exceptional surge in activity, spurred by meme trends and increased stablecoin usage, particularly USDC. Explore the economic dynamics shaking up staking behaviors and transaction fees, along with Base's ambitious scaling goals for 2025. Plus, uncover the exciting potential of the Coinbase and Morpho partnership as they aim to revolutionize Bitcoin in the DeFi landscape.
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ANECDOTE

Trump's Meme Coin Launch

  • Trump launched a meme coin on Solana, causing a significant market impact.
  • It reached a $75B fully diluted valuation within 36 hours, exceeding previous NFT launches.
INSIGHT

Unprecedented Market Cap Surge

  • Trump's meme coin launch on Solana rapidly reached a multi-billion dollar market cap.
  • This is unprecedented for such a quick surge in value, with similar precedents like ICP and Pepe existing but with different caveats.
INSIGHT

Solana's Activity Boom

  • Solana saw record activity due to Trump's meme coin, with DEX volumes exceeding previous all-time highs.
  • This activity led to a $3 billion increase in stablecoin supply on Solana, demonstrating a tangible impact on the on-chain economy.
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