Coinbase, the popular cryptocurrency exchange, is currently developing multiple solutions to enable 1 billion users to come on chain to their incubated Layer Two, which is the base chain. The total value locked, transactions, and user count on the base chain have been steadily growing, and Coinbase aims to further expand this growth to accommodate the influx of new users. While there are several meme coins on the base chain, the top three by market capitalization are Brett, Toshi, and Normie. At the peak of the bull run, these three are anticipated to maintain their position as the leading meme coins.
Currently, Brett holds the largest market cap among the three, and while it may continue to dominate, there is a possibility for Toshi and Normie to challenge Brett for the number one spot. Due to this potential, we holds an equal investment in all three coins. It is important to note that this is not a recommendation to buy, hold, or sell, but rather an analysis to provide readers with information to make their own decisions.
Coinbase plans to bring 1 billion users to the base chain through the development of two new wallet solutions: Smart Wallet and Embedded Wallets. The Smart Wallet offers a self-custodial user-ready solution that allows users to create a wallet in seconds directly from any decentralized application (DApp). Users can utilize their smart wallets in thousands of DApps that already integrate with the Coinbase wallet SDK. The key features of the Smart Wallet include simplicity, security, and full portability.
Embedded Wallets, on the other hand, enable developers to onboard new users with familiar experiences such as email and social login within their own applications. This seamless onboarding experience allows new users to easily access the base chain without the need to learn about complex blockchain processes like gas fees or signing transactions. The key features of the Embedded Wallets include security, fully immersive user experience, and the option to export keys to other wallet apps.
While there is much more to discover in the Coinbase article, these key components highlight the potential of these two new wallets to bring 1 billion users to the base chain. It is crucial to position oneself for this Coinbase opportunity before the influx of users occurs, as it can lead to significant financial gains.
Aside from the top three meme coins, we also recommends following two Twitter accounts to stay updated on the base chain ecosystem: Base and Base Memes. These accounts provide up-to-date information on the developments in the ecosystem, as well as news regarding new meme coins.
In summary, Coinbase is actively working on solutions to bring 1 billion users to the base chain. The top three meme coins on the base chain, Brett, Toshi, and Normie, are expected to maintain their positions during the bull run peak. Coinbase’s development of the Smart Wallet and Embedded Wallets will play a crucial role in attracting new users to the base chain. It is advisable to consider investing in these top three coins, as they have the potential for significant growth.