Unlike Solana, where Meme trading volume is managed through Launchpad, the Meme trading volume on Base is mainly concentrated in Virtuals and Clanker.
Zora Coins have given birth to a large number of tokens, but the vast majority lack long-term trading demand and motivation. After all, meme tokens are too cheap and can be replaced at any time, and there is still too little truly valuable content. On the other hand, Zora Coins need to allocate benefits to a larger number of parties, and the 3% tax on each token transaction is indeed high, resulting in a total of 6% for buying and selling.
From the perspective of trading users, there is a tendency towards a three-way competition, each with its highlights. This also indicates that the number of users participating in Zora Coins token trading is still considerable, but the transaction amounts are generally not large; the foundations of Virtuals and Clanker are still strong.
Although Zora Coins had dominated the Base Memecoins Launchpad, accounting for 75% - 80% of the market share before the Base APP update, Clanker occasionally posed some threats to Zora Coins, such as the wave of Grok AI token issuance in March.
However, after the deep integration of the Base APP, the distribution channels were completely opened, and Zora Coins ended this suspense, now almost occupying 99% of the market share, significantly increasing the number of tokens created on the Base network to over 40,000 - 50,000 daily.
From the competition on the Launchpad, it can be seen that Base Memecoins have gone through at least three rounds of narratives: from the Virtuals Protocol representing AI Agents -> to Clanker, which allows one-click token issuance via Farcaster and Twitter social media -> to the current version of the creator economy, where Zora Coins issues tokens for creators and posts.
Are there any other Launchpads on Base worth paying attention to? 🧐
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