If you've been following the crypto space, especially the buzzing world of meme tokens on Base, you might have caught this recent tweet from the official Base account. It features a compelling clip from Xen Baynham-Herd, Head of Global Growth at Base, speaking at the Network State Conference. In the video, he lays out Base's bold mission to power an entirely new financial system. Let's dive into what he said and why it matters for meme enthusiasts and blockchain builders alike.

Why Base is Pushing for Change

Xen kicks things off by highlighting the flaws in our current financial setup—it's unfair, inefficient, and doesn't work for everyone. Sound familiar? That's the same frustration that fuels the rise of decentralized finance (DeFi) and meme tokens, where anyone can participate without gatekeepers. Base, as an Ethereum Layer 2 solution (that's a scaling layer built on top of Ethereum to make transactions faster and cheaper), aims to fix this by creating an "open stack" for a global economy.

This open stack starts with the Base chain itself, which enables quick, low-cost, and secure transactions at a massive scale. If you're trading meme coins like those popular dog or cat tokens on Base, you've probably experienced how smooth and affordable it is compared to mainnet Ethereum.

Building the Ecosystem: Apps and Tools

Moving beyond just the chain, Xen talks about the Base App—a one-stop hub that combines social networking, app discovery, chat, payments, and trading. Imagine scrolling through memes, chatting with your community, and swapping tokens all in the same place. This integration could supercharge meme token communities, making it easier to rally holders and launch viral campaigns.

Then there's "Based Build," a toolkit designed for developers to turn ideas into full-fledged startups. For meme creators, this means simpler ways to build custom tools, like token launchers or community bots, without needing a PhD in coding.

The Builder Network: A Community-Driven Force

Here's where it gets really interesting—Base is evolving into what Xen calls a "network state." His personal mission? Growing the "Builder Network," a decentralized yet organized community of folks building on-chain apps and startups. It's not just devs; it includes founders, creators (think meme artists and content makers), traders, and more.

This network spans the globe, with leaders and active groups in countries worldwide. They collaborate in a "growth engine" that propels the on-chain economy forward. Stats from the talk back this up: Base now holds $12 billion in assets, $4 billion in stablecoins, processes $3 billion in transactions, and hosts thousands of apps. For meme tokens, this means a thriving ecosystem where your favorite coins can gain traction through community-driven hype and real utility.

How This Ties into Meme Tokens

At Meme Insider, we're all about how meme tokens fit into the bigger blockchain picture. Base has become a hotspot for memes because of its low fees and fast speeds, attracting projects that might otherwise struggle on more expensive chains. Xen's vision emphasizes openness and collaboration, which aligns perfectly with the meme culture of community ownership and viral growth. Traders and creators in the Builder Network could lead to more innovative meme launches, like tokens tied to real-world events or integrated with social features in the Base App.

If you're a blockchain practitioner looking to level up, diving into Base's tools and joining the Builder Network could be your next move. It's not just about trading—it's about building the future.

Check out the original tweet for the full clip and join the conversation. What's your take on Base's push toward a network state? Drop your thoughts in the comments below!