All Eyes on Base ($)

Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

1. 🐧 Pudgy Penguins flip BAYC. While the penguins had previously flipped on floor price, a massive run-up today caused the collection to flip BAYC by total market cap, which sits at nearly a half-billion USD.
2. 👽 CryptoPunks Alien sells for $16.4M. The second-largest CryptoPunks sale (in both ETH and USD) was completed yesterday with Punk 7804 selling for 4,850 ETH.
3. 🔵 Base congestion. Dencun's gas fee reduction has pushed more trading activity onto Base, resulting in volumes surging 50%. Base struggled to keep up with demand.

📊 Base bump. Coinbase stock started the day ripping off a trio of positive catalysts before retracing gains, but a new cycle high this morning could spell a bright future for the stock. What bullish catalysts have pumped COIN?

	Crypto $2.48T	↘ 1.4%	↘ 7.1%
	BTC $65,344	↘ 2.5%	↘ 7.3%
	ETH $3,479	↗ 0.3%	↘ 9.1%

Memecoins are all the rage right now. 

They’re drawing people onchain, boosting activity across chains, and offering a golden lottery ticket to making it in crypto. The below pointers are a guide to assess memecoins without getting caught up in the hype. These tips can help you set your criteria to define what makes a memecoin an attractive investment opportunity. 

Let’s dive in 👇

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

Pacman is one of the most interesting builders in crypto right now. After creating Blur, a disruptive NFT exchange that toppled the OpenSea empire, he's now targeting the L2 space with his new yield bearing L2 called Blast.

In this episode, we cover Pacman’s story, how he built Blur, how he pioneered points, and what's so special about Blast.

Bankless Citizens get Early Access to our Monday podcast and an exclusive Debrief conversation unpacking the episode 👇

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching 👇

• 🪙 Borrowing crvUSD on the relaunched Curve Lending
• 🔢 Analyzing Bitcoin L2s with l2.watch
• 🍬 Minting a Parabol soulbound token on Scroll
• 🤝 Claiming ETHFI, NIM, and ZK tokens
• 💸 Depositing into Yearn v3 yield vaults
• 📈 Trading on the new Velar Bitcoin AMM
• ➡️ Lending on the new Venus Protocol
• 🧭 Tracking L2 gas fees with GasFees.io