Learn about the charm and growth of Bome and other memes in one article

 Author: Insightnews; Source: Insight Information

#Preface

MEME’s midsummer, this bull market occupies an important position. The emergence of Bome has wiped out the popularity of previous meme. On-chain MeMe currency transactions are popular, and Solana’s share has increased five times.

Currently, as the MeMe coin sector continues to be strong, its on-chain transaction volume has increased significantly. Especially from March 2 to March 5, the transaction volume surged from US$4.8 billion to US$11.5 billion, of which more than three One in four transactions is concentrated in the Solana ecosystem.

Data shows: Since November 2023, the market share of Solana’s DEX has increased fivefold, from 6% to approximately 30%. This growth is mainly driven by two factors: the decline in transaction costs on the Solana platform, which lowers the threshold for users to participate; and possible future airdrops by DEX aggregator Jupiter, attracting users to trade more frequently in the hope of receiving more airdrop rewards. The popularity of memecoins is often a key factor driving increased DEX usage, especially for tokens that have not yet been listed. New airdrops, inflows of capital, and underutilized assets from previous cycles may fuel the rise of meme culture in Solana and other new ecosystems.

This article will take you to understand the biggest increase in meme coins from the past to the present

#bome

■Introduction

BOOK OF MEME (BOME) is a new MEME coin issued by Pepe Meme artist Darkfarm. It was originally planned to raise 500sol, but was finally disclosed according to Darkfarms The data shows that a total of 10,131 SOLs were raised.

Darkfarms then added all SOL raised into the LP pool, with the initial price being 0.0{3}496 USDT°. Subsequently, the token began to spread widely in the Chinese and British communities. Due to its extremely high depth, it can accommodate the entry of a large amount of funds. A large number of buy orders of more than 100 SOLs continued to pour in, driving its price to continue to rise. Today, major exchanges continued to list it, allowing Its price has been rising so far. According to gate data, the price is 0.0047, with an increase of 9475%

In addition, OKXweb3 data shows that the floor price of SMOWL, the NFT series previously launched by Darkfarms, is now quoted at 0.382 ETH, with a single-day increase of 430.56%.

The midsummer of meme coins may allow Bome to log into the top major exchanges earlier

#pepe

■Introduction

PEPE is a platform that aims to connect meme culture with the cryptocurrency world. A combined project running on the Solana blockchain. The PEPE token is the core of the project, and its design is inspired by the "Pepe the Frog" meme in Internet culture, a character image widely spread on the Internet with unique humor and appeal. PEPE< br>The issuance and circulation mechanism of the token is similar to other cryptocurrencies, but its uniqueness lies in incorporating the image of Pepe the Frog into the meme culture of Pakistan, giving it a fun and familiar feeling. The innovative design concept attracts The attention of many people has made PEPE one of the most meme-worthy meme coins today. Running on the
Solana blockchain enables PEPE to have faster transaction speeds and advance transaction fees, providing users with better user experience. At the same time, Solana’s performance and scalability also provide PEPE with greater development space and potential, making it a highlight in the meme currency field.

According to data from coingecko, pepe has achieved an increase of 16870.4% since its launch

#doge

< strong>■Introduction

Dogecoin is an open source peer-to-peer cryptocurrency based on the Scrypt algorithm. It was born on December 8, 2013. The origin of its name Derived from the emoji "Doge" of a Shiba Inu, which is popular on the Internet for its unique expression and style. The founders of Dogecoin are an Australian brand and marketing expert Jackson Palmer and an American Oregon Portland programmer Billy Markus, the two of them combined Bitcoin and the Shiba Inu emoji to create this humorous and creative currency.
Dogecoin quickly attracted attention after its launch and has received support from the community It continues to grow and develop. Its user base has reached one-third of the number of Bitcoin users and four times that of Litecoin in just one year. Dogecoin’s transaction speed is very fast, and after the system was launched, its traffic increased due to the help of the Reddit website Showing explosive development. In addition, the total amount of Dogecoin is relatively stable, which makes it perform well in terms of global transfer speed.
It is worth mentioning that Dogecoin has received the attention and promotion of Elon Musk, CEO of Tesla and SpaceX, during its development process. Although he himself did not directly participate in the development or issuance of Dogecoin, his attention and promotion undoubtedly played an important role in promoting the development of Dogecoin. Musk even stated on social media that Dogecoin is the “people’s currency,” which further aroused market attention and enthusiasts’ enthusiasm.

According to data from coingecko, doge has achieved an increase of 193118.5% since its launch

#shib

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■Introduction

SHIB is a decentralization and a decentralization An experiment in spontaneous community building that allows users to hold billions or even trillions of dollars. SHIB is an ERC-20 token issued on the Ethereum chain, with a circulation of 1,000 trillion. According to its official website, 50% of the total supply of SHIB has been locked in Uniswap, and the private key has been lost, leaving 50% Destroy to V God’s address.
Shiba Inu, a Japanese dog that can be translated as "Shiba Inu", is the inspiration for the Shiba Inu Coin (SHIB). Shiba Inu Coin is a meme coin based on the Ethereum blockchain, nicknamed Dogecoin Killer. Usually, Meme currency refers to a cryptocurrency based on Internet culture and for the purpose of social entertainment. It has a particularly large circulation, is cheap, and lacks commercial applications.
In August 2020, an anonymous person calling himself "Ryoshi" imitated Dogecoin and created Shiba Inu Coin, with a total supply of 1,000 trillion coins. Among them, 50% is locked in the DEX platform Uniswap to create liquidity, while the remaining 50% is given to Vitalik Buterin, the founder of Ethereum. What is unexpected is that Buterin destroyed 90% of it and donated the remaining 10% to India to fight against COVID-19. Ultimately, the supply of SHIB will be 600 trillion.
According to the development logic of Meme, entertainment is emphasized over application, and SHIB is an exception. At present, SHIB is no longer a project token, but an ecosystem that includes many applications, including public chains, NFTs, Metaverse, DeFi, etc.
In addition, SHIB investors can also enjoy dividends indirectly. It sets up a destruction mechanism to raise the price by reducing the circulation of SHIB, thereby locking profits in the currency price. The greater the amount of SHIB destroyed, the more conducive it is to the price increase.

According to data from coingecko, pepe has achieved an increase of 53689329.3% since its launch

#FLOKI

■Introduction

Floki lnu is a fan of the Shiba Inu community and new cryptocurrencies born from members. Floki lnu is named after Elon Musk's own Shiba lnu. FLOKI is working on three flagship utility projects: an NFT gaming metaverse called Valhalla, an NFT and merchandise marketplace called FlokiPlaces, and a content/education platform called Floki Inuversity.

According to data from coingecko, pepe has achieved an increase of 315,680.2% since its launch

#PEOPLE

■Introduction

ConstitutionDAO is a very unique and forward-looking project . In the form of a decentralized autonomous organization (DAO), it has gathered a large number of blockchain enthusiasts and investors to participate in and purchase copies of the U.S. Constitution. This is undoubtedly a demonstration of the role of blockchain technology in subverting traditional transactions and collective collaboration. A powerful proof of the way. The idea of ​​the project is innovative and groundbreaking. It is not only studying the possibility of blockchain decentralization, but also exploring the deep integration of culture and technology. However, the project still faces some challenges, such as issues with fairness, transparency, and legal compliance. But overall, ConstitutionDAO has shown great potential and possibility. Regardless of the outcome, it is pushing us to rethink the existing economic, cultural and legal framework.

According to data from coingecko, pepe has achieved a 5110.2% increase since its launch

#Bonk

■Introduction

Bonk (BONK) is a cryptocurrency, Introduced to the market on December 25, 2022. It is a dog-themed coin that runs on the Solana blockchain. The token was developed to revitalize liquidity in Solana-based decentralized exchanges (DEX). Developers envision it as a comprehensive community token that can be used across all decentralized applications (dApps) built on Solana.

The total supply of BONK is approximately 100 trillion. To engage the Solana community, 50% of the total supply is airdropped to Solana users, including artists, creators, and active community members. The strategy aims to foster a strong and active community around the token.
In terms of use cases, BONK has been integrated into a number of Solana-based projects. These projects allow users to pay for non-fungible tokens (NFTs) using BONK. Additionally, some platforms offer users the opportunity to earn BONK tokens by staking NFTs.
The launch of BONK was a great gift to the Solana community at Christmas 2022, and its parabolic growth since has demonstrated its compelling success in the web3 community. First of all, BONK attracted people's attention in the initial stage of free airdrops and gained the attention of the Solana community, providing users with low-threshold participation opportunities and promoting its widespread dissemination. This community-based development model makes BONK a truly community-driven token, bringing huge potential for community power.
Secondly, BONK’s parabolic growth in adoption demonstrates its success in building a strong community ecosystem. The rapid popularity of this community token not only reflects the popularity of the project, but also enhances community participation, providing more user services with the opportunity to understand and participate in web3.

According to data from coingecko, pepe has achieved an increase of 36962.4% since its launch

#dogwifhat

■Introduction

dogwifhat cryptocurrency originated from the "dogwifhat" meme The meme went viral and took the internet by storm when founder Issa changed her Twitter profile picture to a Shibu Inu dog wearing a hat.
The meme quickly became a symbol of community and unity, especially among gamers and internet celebrities, leading to the image's widespread adoption as a profile picture on social media.
dogwifhat has capitalized on this popularity by officially creating the $dogwifhat coin, not only to celebrate the cultural impact of the meme, but to introduce a new form of digital collecting and investing with a unique token economic structure Backed by a structure that emphasizes philanthropy, team support, and liquidity provision Uniswap aims to ensure long-term growth and community engagement.

According to data from coingecko, pepe has achieved an increase of 203676.7% since its launch