Solana vs. Base Memecoins
![](/content/images/size/w2000/2024/05/image---2024-05-27T133317.694.png)
![](https://bankless.ghost.io/content/images/2024/05/image---2024-05-24T120113.373-1.png)
View in Browser
Sponsor: ORA — ORA is Ethereum’s Trustless AI, bringing Onchain AI to life.
Don’t miss this chance to advance your crypto knowledge and save.
You only have ⏰ until tomorrow ⏰ to lock in your exclusive Bankless deal.
Save 15% on monthly or 30% on annual Bankless subscriptions and unlock a world of premium crypto insights!
![](https://bankless.ghost.io/content/images/2024/05/Group-15--31-.png)
- 4️⃣ ETH Nears $4,000. After a somewhat muted market response to ETH ETF approvals, the asset is quietly marching toward the key marker.
- 🙉 JPMorgan doubtful of Solana ETF. While Ethereum's ETF approval was seen as potentially opening the floodgates to other assets, a report from JPM suggests that near-term approval is unlikely.
- 🗳️ Trump pledges Ross Ulbricht pardon. In an appeal to attendees at the Libertarian Convention, Trump promised to pardon the Silk Road founder on his first day if re-elected.
![](https://bankless.ghost.io/content/images/2024/05/image---2024-05-27T133317.694-1.png)
Solana’s comeback has been the story of this cycle so far, with the network rising on the backs of tech improvements, lucrative airdrops, and, most notably, memecoins.
Memecoins have gone from an unserious, short-lived asset class to a forward-looking alternative to low float, high FDV tokens that aren’t leaving enough upside for retail.
Today, most memecoin activity happens on Solana, though activity is continuing to migrate to ETH L2s like Arbitrum and Base. Base has been particularly buzzy as of late. While the Coinbase-incubated L2 does show promise to become a meme hub, activity on Solana continues to dominate and stay within its ecosystem.
Can Base compete with Solana in the memecoin arena?
In this article, we’ll examine the current state of these platforms, their capital flows, and leading projects to assess what makes Solana the memecoin capital and how Base compares to it.
Check out the ecosystems👇
![](https://bankless.ghost.io/content/images/2024/05/image---2024-05-24T095433.323.png)
ORA is Ethereum's Trustless AI. ORA's Onchain AI Oracle brings Llama 3, Stable Diffusion, and OpenLM models onchain. You can start to earn ORA Points for using onchain AI at ora.io/app/tasks. Follow @ORAProtocol on X for the latest Onchain AI updates, hackathons, and rewards.
![](https://bankless.ghost.io/content/images/2024/05/Group-17--10-.png)
Are stablecoins a threat or an advantage to national security?
Today, we're joined by Former CFTC Chair Timothy Massad, an Obama-appointed official who helped designate Bitcoin as a commodity over 10 years ago.
Get the full lowdown 👇