Memecoin 资本：Solana 与 Base

到目前为止，Solana 的卷土重来是这个周期的故事，该网络在技术改进、利润丰厚的空投和

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.

由于技术改进、空投以及引起零售交易者强烈共鸣的叙述，Solana 已成为本周期中无可争议的 memecoin 资本。

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.

但随着 memecoin 活动继续迁移到 Arbitrum 和 Base 等以太坊 L2，许多人想知道这些平台是否可以取代 Solana，成为拉高和抛售代币的新家。

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，我们将研究这些平台的现状、它们的资本流动和领先项目，以评估 Solana 成为 memecoin 资本的原因以及 Base 与之相比如何。

The Solana Memecoin Scene

Solana Memecoin 场景

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

Solana 成为本周期宠儿 L1 的一个关键因素是其 memecoin 活动。

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 等空投带来的内部资本激增的推动下，memecoin 的市值在一周内就下跌并达到 10 亿美元，对于一家目前将 TVL 推高至 4.8 美元以上的连锁店来说，这是一项了不起的成就和出色的营销活动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 的叙事动力在很大程度上要归功于 memecoin 热潮，这一点在受欢迎的 memecoin 启动器 Pump.fun 上的活动中就可见一斑，该启动器在某些日子里占到了所有已发行代币的 83%，甚至在 24 小时收入中超越了 Solana。然而，如果网络还没有拥有如此强大的 memecoin 竞技场，以 WIF、BONK 和 BODEN 等主要角色代币为特色，那么这种成功是不可能实现的。

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.

总的来说，Solana 不仅拥有该周期中最著名的模因币，还拥有一系列主题代币，从狗、猫到政客。

The Base Memecoin Scene

Memecoin 基础场景

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，成为以太坊顶级 L2 之一，拥有自己的 memecoin 场景。

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 等项目为网络带来了一致的活动，并为 Base 建立了一种作为社交中心的文化。尽管如此，虽然 3 月份该网络的 TVL 出现了史诗般的反弹，但最近几周似乎已趋于稳定。虽然 Base 的 TVL 与 Solana 仍有很大差距，但其每日交易量令人印象深刻。上周，该网络的单日交易量达到创纪录的 8.54 亿美元。

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.

虽然 2023 年的秃头地毯可能给 memecoin 赌徒留下了最初的酸味，但该生态系统在最近的 memecoin 周期中已经发展出更多动力。

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.

交易者对帮助他们积累财富的连锁店表现出忠诚。虽然 SOL 交易者能够以当前市值的一小部分购买该代币，但由于监管审查，Base 仍然没有原生代币，如果/当它出现时，可以假设会有相对零售交易者的上行空间较轻。与 Solana 社区不同，Base 上一直以来很少有具有里程碑意义的生态系统空投。

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.

虽然 Base 拥有独特的 memecoin 社区，但它们并不像 Solana 等其他生态系统中的代币那样具有更广泛的吸引力；相反，它们迎合了更多加密原生受众。这种独特性使该连锁店脱颖而出，但狭窄的主题范围可能会限制该连锁店作为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.

虽然 Base 已经能够利用其更便宜和更快的交易来构建早期的 meme，但以太坊上最强大的 memecoin 社区仍然主要存在于主网上。 Solana 在这个周期中拥有动力和更明显的叙述，虽然 Base 仍然是最热闹的 L2 生态系统之一，但 Base 在 memecoin 领域还有很多空间需要弥补。