For the first time in months, Degen Crypto Layer has surged over 140% in just 7 days. Once one of the biggest projects on Base, with an all-time high market cap of $800 million, it’s making headlines again. Could this breathe new life into the Base chain?
$DEGEN following 2024 fractal. Price has broken the longer-term descending trendline.
This is a bullish breakout! DEGEN heading for that $0.0080 and potentially $0.0190 mark. pic.twitter.com/hYuirTRCKc
— Crypto Zeinab (@CryptoZeinab) May 12, 2025
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Can Degen Crypto Revive Base?
Originally launched as a meme coin within the Farcaster ecosystem, Degen Crypto later evolved into a Layer 3 solution built on the Base chain, with support from Coinbase. Degen pumping means a lot for the chain. It was one of the first few coins that started the altcoin rally on Base.
Over the last few months, its price action wasn’t impressive at all for investors. It went as low as a 50M market cap. It has now surged over 140%, hitting a 137M market cap at the time of writing. Making it one of the biggest memecoin gainers with Toshi and Keyboard Cat (KEYCAT).
The base ecosystem is following the market’s bullish steps. Meme coins like TOSHI, KEYCAT, and SKI all pumped over 100% in the last 7 days. Utility projects are no strangers to those pumps either, as ResearchCoin (RSC) pumped over 80% over the last 7 days to a 50M market cap. It is important to say Research Coin is co-founded by Brian Armstrong, the Coinbase and Base Chain founder himself. This makes it look like a must-have investment.
The biggest gainer on that chain was Keeta, hitting an all-time high of 320M market cap (FDV). Its newly launched coin raised 17M from Google’s former CEO Eric Schmidt. By that info alone, it managed to gain the attention of a lot of investors during the poor market conditions and is expected to do so while the market keeps getting better.
DISCOVER: Top Solana Meme Coins to Buy in May 2025
Bonus: Solaxy First Layer 2 on Solana Raises $34 Million
The L2s for Ethereum are now considered a vital part and offer a unique experience compared to the ETH chain. And for Solana, the same might just happen. The increasing congestion on blockchains, particularly with Solana, has created a growing need for L2 networks. As we know, Solana has been facing congestion from time to time over the last few months.
The first-ever Solana Layer-2 blockchain, Solaxy, directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations.
Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike. Solaxy’s launch coincides perfectly with the renewed interest in the meme coin and the Solana ecosystem.
Solaxy is off to a hot start as a potential low-cap gem, as it can multiply over the years while offering its holders passive income. The presale raised $34.1 million out of $34.5 million. In the current presale round, $SOLX is priced at just $0.001712, and staking offers up to 115% APY. Holders who lock their $SOLX tokens can earn high passive income, and the price of the coin has the potential to multiply over time.
Presales that quickly raise funds and attract numerous investors often see gains of 5x to 10x after launch. Whales tend to accumulate these types of projects silently. One of these whales recently bought over $200k worth of $SOLX on the Ethereum chain; Click here for the transaction ID.
Follow the whales and get your position in the presale now by visiting the website.
Connect with the SOLX community on X and Telegram.
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Key Takeaways
- Degen’s surge could revive Base chain’s ecosystem and confidence.
- Meme coins drive Base’s bullish momentum.
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