BSCNews recently dropped a tweet highlighting their in-depth analysis of Memecore $M, asking if there's space in the crypto world for a dedicated meme-focused Layer 1 blockchain. As meme enthusiasts and blockchain buffs here at Meme Insider, we couldn't resist diving in. Let's break down what Memecore is all about, its unique features, and whether it's worth your attention in this fast-paced market.

What is Memecore?

Memecore is a Layer 1 blockchain that's all about turning internet memes into real, sustainable economic value. Unlike your typical memecoins that spike and crash based on hype alone, Memecore aims to reward genuine community engagement. It's built to be EVM-compatible, meaning developers who know Ethereum can easily jump in and build on it. The project kicked off in late 2024 with a Telegram mini-app called Memes.War, which pulled in over 2.5 million users right out of the gate. Fast forward to 2025, and they've launched their mainnet, secured funding from big names like IBC Group and Waterdrip Capital, and listed the $M token on exchanges such as Binance and Kraken.

At its core—no pun intended—Memecore uses something called Proof of Meme (PoM) as its consensus mechanism. Think of PoM like Proof of Stake but with a meme twist: users can delegate memecoins from different blockchains to validators, earning rewards in $M and other tokens. This multi-chain setup boosts security and makes it easier for folks to participate without needing to buy into one specific ecosystem.

Key Features Driving Memecore

One standout feature is the Meme Vault smart contracts. Whenever a new memecoin launches on Memecore, it automatically creates a vault that tracks community activities—like creating content, spreading virality, or even just holding and trading. These vaults then dish out rewards based on on-chain data, ensuring that active contributors get a fair share instead of speculators hogging all the gains.

Then there's MemeX, their social launchpad. It's a fun platform where you can create your own tokens by uploading photos, and it uses bonding curves to price them dynamically based on popularity. As of mid-2025, MemeX boasts over 191,000 verified users and insane staking growth. They've even got a quirky "Proof of Shit" verification to weed out bots—users submit daily data for human checks, and it's caught on with 82% adoption.

Memecore also packs in tools like AntsMaker for digital asset management, a DEX similar to Uniswap for trading, and an EcoFund to support new meme projects with grants and tech help.

$M Tokenomics: The Economic Backbone

The $M token has a max supply of 10 billion, with about 1.57 billion circulating as of late July 2025. It's designed with community in mind—58% of tokens go to airdrops, rewards, and participation. The rest is split among the foundation, contributors, investors, and a special meme treasury.

$M isn't just for show; it's used for staking in PoM, paying gas fees, governance votes, and earning rewards from meme activities. There's even deflationary pressure through potential fee burns, and a reward recycling system that funnels fees back into pools for stakers. Each new MRC-20 token on the chain allocates 5% of its supply to reserves, benefiting $M holders over time.

Market-wise, $M launched in July 2025 and saw a massive 2,100% pump before settling around $0.335. Trading volume has been hefty, with over 210 billion tokens moved. They're running events like the MemeX Liquidity Festival with a $5.7 million prize pool to keep the buzz going.

Partnerships and Community Strength

Memecore isn't building in isolation. They've teamed up with projects like Four.Meme for fair launches, Pentagon Games for zkEVM gaming, SQD for data analytics, and MemeForest for play-to-earn fun on Telegram. This interoperability is key to pulling in users from other chains.

Community stats are solid: 376,000 followers on X (@MemeCore_ORG), 71,000 on Discord, and hundreds of thousands on Telegram channels. It's clear they're fostering a vibrant, engaged crowd.

Potential Risks and Future Outlook

Of course, no project is without hurdles. The meme space is competitive—think Solana's Pump.fun, which offers low-cost, simple launches. Regulatory eyes might scrutinize their gaming elements and token distributions too.

Looking ahead, Memecore's roadmap includes beefing up MemeX, adding more DApps, and expanding cross-chain features. If they can sustain community involvement as memes go more mainstream, they could really stand out.

Wrapping It Up: Is Memecore Worth Watching?

Memecore flips the script on memecoins by tying hype to actual utility through PoM, vaults, and rewards. It's not just another pump scheme; it's infrastructure for the meme economy. If you're into meme tokens but want something with longevity, keep an eye on $M. Check out the full BSCNews analysis here for more details, and follow Memecore's official site at memecore.com to stay updated.

What do you think—will meme-focused Layer 1s like this take off? Drop your thoughts in the comments!