Memecoin 資本：Solana 與 Base

到目前為止，Solana 的捲土重來是這個週期的故事，該網絡在技術改進、利潤豐厚的空投和

Solana has emerged as the undisputed memecoin capital in this cycle, thanks to a combination of tech improvements, airdrops, and a narrative that has resonated strongly with retail traders.

由於技術改進、空投以及引起零售交易者強烈共鳴的敘述，Solana 已成為本週期中無可爭議的 memecoin 資本。

But as memecoin activity continues to migrate to Ethereum L2s like Arbitrum and Base, many are wondering if these platforms can dethrone Solana and become the new homes for pump and dump tokens.

但隨著 memecoin 活動繼續遷移到 Arbitrum 和 Base 等以太坊 L2，許多人想知道這些平台是否可以取代 Solana，成為拉高並拋售代幣的新家。

In this article, we'll examine the current state of these platforms, their capital flows, and leading projects to assess what makes Solana the memecoin capital and how Base compares to it.

在本文中，我們將研究這些平台的現狀、它們的資本流動和領先項目，以評估 Solana 成為 memecoin 資本的原因以及 Base 與之相比如何。

The Solana Memecoin Scene

Solana Memecoin 場景

A critical element of Solana becoming this cycle's darling L1 has been its memecoin activity.

Solana 成為本週期寵兒 L1 的關鍵因素是其 memecoin 活動。

Fueled by an internal capital surge from airdrops like Jito, Jupiter, Kamino, Parcl, and Tensor, memecoins have dropped and reached $1B market caps within a week, a spectacular achievement and excellent marketing campaign for a chain that's now pushing a TVL above $4.8B.

在Jito、Jupiter、Kamino、Parcl 和Tensor 等空投帶來的內部資本激增的推動下，memecoin 的市值在一周內就下跌並達到10 億美元，對於一家目前將TVL 推高至4.8 美元以上的連鎖店來說，這是一項了不起的成就和出色的行銷活動B.

Solana can owe a sizable amount of its narrative momentum to memecoin fever, evident in the activity on pump.fun, a popular memecoin launcher, which on some days has accounted for 83% of all tokens launched and even flipped Solana in 24hr revenue. This success, though, wouldn't have been possible if the network hadn't already had such a strong memecoin arena featuring main character tokens like WIF, BONK, and BODEN, to name a few.

Solana 的敘事動力在很大程度上要歸功於memecoin 熱潮，這一點在受歡迎的memecoin 啟動器Pump.fun 上的活動中就可見一斑，該啟動器在某些日子敵占到了所有已發行代幣的83%，甚至在24 小時收入中超越了Solana。然而，如果網路還沒有擁有如此強大的 memecoin 競技場，以 WIF、BONK 和 BODEN 等主要角色代幣為特色，那麼這種成功是不可能實現的。

Broadly, Solana not only boasts the most prominent memecoins of the cycle but also a thematic range of tokens, from dogs and cats to politicians.

總的來說，Solana 不僅擁有該週期中最著名的迷因幣，還擁有一系列主題代幣，從狗、貓到政客。

The Base Memecoin Scene

Memecoin 基礎場景

Base has quickly risen to find its footing as one of Ethereum's top L2s with its own memecoin scene.

Base 迅速崛起，成為以太坊頂級 L2 之一，擁有自己的 memecoin 場景。

Projects like DEGEN and friend.tech have brought the network consistent activity and established a culture for Base as a social hub. That said, while March saw an epic rally in the network's TVL, it looks to have plateaued in recent weeks. While Base's TVL is still a far cry from Solana's, its daily volumes are impressive. Last week, the network hit a record $854M in one-day volumes.

DEGEN 和friend.tech 等計畫為網路帶來了一致的活動，並為 Base 建立了一種作為社交中心的文化。儘管如此，雖然 3 月該網絡的 TVL 出現了史詩般的反彈，但最近幾週似乎趨於穩定。雖然 Base 的 TVL 與 Solana 仍有很大差距，但其每日交易量令人印象深刻。上週，該網路的單日交易量達到創紀錄的 8.54 億美元。

While the BALD rug of 2023 may have left an initial sour taste in the mouths of memecoin gamblers, the ecosystem has developed more momentum in more recent memecoin cycles.

雖然 2023 年的禿頭地毯可能給 memecoin 賭徒留下了最初的酸味，但該生態系統在最近的 memecoin 週期中已經發展出更多動力。

Traders show allegiance to the chains that helped them accrue wealth. While SOL traders were able to buy into the token at a minute fraction of its current market cap, Base still doesn't have a native token due to regulatory scrutiny, and if/when it does, it can be assumed that there will be relatively lighter available upside for retail traders. All the while there have been few landmark ecosystem airdrops on Base, unlike in the Solana community.

交易者對幫助他們累積財富的連鎖店表現出忠誠。雖然 SOL 交易者能夠以當前市值的一小部分購買該代幣，但由於監管審查，Base 仍然沒有原生代幣，如果/當它出現時，可以假設會有相對零售交易者的上行空間較輕。與 Solana 社群不同，Base 上一直以來很少有具有里程碑意義的生態系統空投。

While Base has unique memecoin communities, they do not have the broader appeal of tokens in other ecosystems like Solana; rather, they cater to a more crypto-native audience. This uniqueness makes the chain stand out, but the tight thematic scope could limit the chain’s success as a major meme hub.

雖然 Base 擁有獨特的 memecoin 社區，但它們並不像 Solana 等其他生態系統中的代幣那樣具有更廣泛的吸引力；相反，它們迎合了更多加密原生受眾。這種獨特性使該連鎖店脫穎而出，但狹窄的主題範圍可能會限制該連鎖店作為主要模因中心的成功。

While Base has been able to leverage its cheaper and faster transactions to build out an early class of memes, the strongest memecoin communities on Ethereum still primarily exist on mainnet. Solana has momentum and a more palpable narrative in this cycle, and while Base continues to be one of the more buzzy L2 ecosystems, there's a lot of ground for Base to make up in the memecoin arena.

雖然 Base 已經能夠利用其更便宜和更快的交易來構建早期的 meme，但以太坊上最強大的 memecoin 社區仍然主要存在於主網上。 Solana 在這個週期中擁有動力和更明顯的敘述，雖然 Base 仍然是最熱鬧的 L2 生態系統之一，但 Base 在 memecoin 領域還有很多空間需要彌補。