In the fast-paced world of crypto, where meme coins can skyrocket or crash overnight, getting your project in front of the right eyes can make all the difference. That's exactly what happened with Wasabi Protocol, a decentralized finance (DeFi) platform specializing in leverage trading for long-tail assets like meme coins and NFTs. According to a recent thread on X (formerly Twitter) from Imran Khan, a key figure at Alliance DAO, one of their portfolio founders saw their total value locked (TVL)—that's the total amount of assets staked or locked in the protocol—surge by a whopping 75% right after listing on the Base app.
For those new to the scene, Base is an Ethereum Layer 2 blockchain built by Coinbase, designed to make transactions faster and cheaper. The Base app acts like a hub, showcasing various dApps (decentralized applications) to users within the Coinbase ecosystem. Getting listed there isn't just about visibility; it's about tapping into a massive user base that's already engaged with crypto. Khan's post highlights this as a game-changer, recommending that all Base founders integrate the Base app into their go-to-market strategies moving forward.
The thread sparked some interesting discussions. Jesse Pollak, the lead builder for Base, chimed in with a simple salute emoji, showing support from the top. Others weighed in on the nature of this growth— is it sticky attention that builds long-term value, or just a temporary influx of mercenary capital chasing quick gains? As one user put it, true resilience shines in the tough times, not just the hype cycles.
Tying this back to meme coins, Wasabi Protocol is tailor-made for this niche. It lets users long or short meme tokens with leverage, meaning you can amplify your bets (and risks) without needing the full capital upfront. This fits perfectly into the volatile world of memes, where projects like the mentioned $USDUC—an "unstable coin" that's now live on Base—promise wild rides. $USDUC's bridge to Base via LayerZero was highlighted in a quoted post, emphasizing the kind of on-chain action that's drawing cypherpunks back into the fold.
If you're a trader or founder in the meme token space, this insight is gold. Listing on platforms like the Base app can supercharge your metrics, but it's about more than just the initial bump. Focus on building real utility and community to turn that TVL spike into sustainable growth. Check out Wasabi Protocol directly at their site or follow the ongoing conversation on X to stay in the loop.
As the crypto landscape evolves, stories like this remind us that distribution channels matter as much as the tech itself. Keep an eye on Base—it's proving to be a launchpad for the next wave of meme-driven innovations.