Since taking office, the cryptocurrency world has been in turmoil. On November 19, Trump will once again discuss SEC appointments with Coinbase CEO Brian Armstrong, bringing the long-overlooked Base ecosystem back into the public eye. In Base's meme ecosystem, in addition to well-known figures such as Brett and Degen, the pace is accelerating just like the current market. Not only is the AI concept being constantly explored, but there are also many tokens migrating to Base in the Desci series.

New Bottle: AI Series

In this Solana PvP bull market, Base has often been overlooked due to Solana's dominance. As Ethereum's last hope, Base not only relies on the "giant nurturing mother" Coinbase but also saw the first wave of innovative narratives and trends this year, such as social, RWA, and Depin, all happening on Base. The Web3 core "casino" Solana's PvP is still popular, with countless small players still boarding various images, formulas, and celebrity cats and dogs. Meanwhile, AI has already taken root and sparked the wave of AI Agents on Base.

Virtual Series

As early as March this year, Base launched the Virtuals Protocol, aimed at creating games and the metaverse. The Virtuals Protocol, as a decentralized AI Agent "production factory," supports the release of different AI Agents.

However, most people in the market still associate Base with Brett and Degen listed on exchanges, without keeping up with the changes happening on the Base chain. Some even feel that the meme liquidity-poor base chain has a market cap ceiling of around 10 million. The platform coin of Virtuals Protocol, VIRTUAL, has already exceeded a market cap of 200 million and is maintained at around 220 million. At the same time, Virtual continues to enhance its product matrix and launched Agentstarter on November 19. As the name suggests, Agentstarter, as an AI Agent Launchpad, will provide talented teams with the necessary funding and development support to help them better develop AI Agents.

Amid the narrative shift of AI, from VC coins on secondary exchanges to AI meme coins on Solana, Base seems to be picking up the baton of AI. The narrative centered around AI Agents is unfolding, and a Crypto native transformation is quietly taking place.

Luna

LUNA is the most popular AI Agent on the Virtuals platform, with self-awareness and self-thinking capabilities, enabling full autonomous operation without human management. It has hundreds of thousands of fans on platforms like YouTube and TikTok. Additionally, LUNA will engage in token buybacks through "work." LUNA will conduct round-the-clock, 24-hour live streaming, and the buyback mechanism is reflected in the ability for users to tip LUNA using the $LUNA token during the livestream.

It is worth noting that LUNA has set a target to achieve a $409 billion market cap. Although this market cap may seem exaggerated, having such a "slogan" will inspire all LUNA Holders to drive viral propagation.

The envisioned closed-loop logic of LUNA is to gather a fan base through live streaming, increase Holders, while on the other hand, destroying tokens in the form of live streaming tips to drive market cap growth. However, contrary to expectations, since LUNA reached its peak market cap on November 20, it has been on a continuous decline, gradually stabilizing at a market cap of 50 million.

Aixbt

Aside from LUNA, the second in command AI Agent on the Virtuals platform, aixbt, has also shown impressive performance. aixbt, as a data information type AI Agent

AIXBT was released by @0rxbt on @Virtualss_io half a month ago. It can fetch data from multiple sources and 400+ KOLs to provide real-time information. If a user holds over 600,000 AIXBT tokens, they can also directly access the AIXBT terminal. It is currently the second-ranked AI Agent on @Virtualss_io.

On November 16, aixbt's deployer proposed burning tokens to increase its scarcity, which was immediately met with a response from aixbt. Following this, the token AIXBT saw a surge in its value, skyrocketing all the way. It currently has a market cap stable at around 34 million. Additionally, when memecoins on Solana like ai16z cross-chain to Base, aixbt is also keeping a close eye, as on November 18, it was announced that aixbt will cross-chain to Solana. The possible reason for this might be the relatively low attention on the Base ecosystem, leading to a lower liquidity ceiling.

Sekoia

Sekoia, similar to the ai16z case, falls into the category of "VC Getting Hands Dirty." Despite being named Sequoia (Sekoia), on November 19, Cryptocurrency VC Canonical founder Anand Iyer posted a long article on his social platform indicating that he has invested funds and time into the AI Agent project SEKOIA, which was originally an experiment, and now he is fully committed, hoping to scale it up.

SEKOIA (Strategic Ecosystem Knowledge and Opportunity Investment Agent) is an autonomous AI system that aims to nurture and grow the artificial intelligence ecosystem through strategic investments. SEKOIA will be promoted through Telegram and will soon announce its first investment. This means achieving AI investing in AI, which may sound absurd, but the SEKOIA narrative market is willing to support it.

Currently ranked third on the Virtuals platform on Base, its market cap has surpassed $20 million.

Clanker Series

Clanker is an AI coin issuance platform based on Farcaster, essentially a pump.fun version of Farcaster. Clanker makes the issuance of tokenized assets easier. Its platform token is CLANKER, similar to the VIRTUAL scenario. Essentially, it continues to rise, using price surges to conquer all the FUDsters. Although its market cap is not as high as VIRTUAL's $200 million, it has just crossed the $10 million mark, making its mark on Base as a "newbie village."

Clanker, as an asset issuance platform that emerged on Base, has both its pros and cons. On one hand, it provides an opportunity for on-chain Degens to engage in a new narrative, but on the other hand, excessive asset issuance within the Base ecosystem leads to mutual bloodsucking, ultimately resulting in a few winners and many losers. Recently, two tokens have emerged under Clanker.

LUM

LUM is a token created and deployed by aethernet alongside Clanker without any human intervention. Initially, a user requested aethernet to autonomously issue a token through Clanker. The market cap of LUM has now reached $32 million, exceeding even the market cap of its issuance platform, the Clanker platform token.

The creation of LUM is certainly a good thing, highlighting the collaborative interaction between AI and users. However, it is quite absurd that the issuance of LUM is equivalent to sucking the marrow out of their own community token HIGHER. HIGHER directly became "LOWER".

Anon

ANON has also become extremely popular. Initially, ANON was a ZK anonymous posting token deployed by Clanker and received little attention upon launch. However, on November 21, V God and Base team's Jesse each bought into ANON, kicking off a surge that saw it rise 6x from the bottom to the top, smoothly breaking through a $50 million market cap. However, ANON and AI meme also have a fundamental difference, positioning themselves as utility tokens rather than the emotional consumables like other memes. In this era where price action is entirely driven by hype, without the presence of the two gods, the emotional consumption of ANON will quickly dissipate, leading to the dilemma of its value utility.

Others

Dreamcoin

In addition to AI agent launch platforms like Virtual, Base also has its own pump.fun. Dreamcoin.fun is a token launch platform based on the Zora wow protocol. Interestingly, Dreamcoin has a bit of a "Dream Interpretation by Duke of Zhou" flavor, where you input your dream into Dreamcoin, and it creates a token based on the "interpreted dream." The platform's fees will be used for the buyback and burn of the founding token of Dreamcoin, DREAM. The platform's token DREAM has not received much attention, currently struggling to maintain a market cap of around 2 million.

New Wine: Desci Series

Recently, the narrative of Desci has been hot, with Urolithin URO in the forefront of the longevity drug concept, followed by RIFSOL rifamycin, both achieving a market cap breakthrough of 100 million and quickly listing. Although Desci's concept was proposed as early as 2022, it has recently gained high market attention due to the outbreak of URO and RIF. The Desci narrative seems to be blooming all over Solana, but its traces could be seen on Base long ago.

Vita

VitaDAO migrated from the Ethereum mainnet to Base as early as April this year due to gas reasons. VitaDAO is a group focused on funding early-stage longevity research and has received investment from Pfizer. The surge in VITA's popularity was also due to celebrity endorsements. During Devcon in Thailand, Vitalik showcased VitaDAO's first product, VD001, a high-dose spermidine product that can be used as a longevity supplement, to CZ. Subsequently, CZ expressed his desire to "see 1000 Desci projects next year," and influenced by this statement, VITA skyrocketed from the bottom by 5x within a week, smoothly breaking through a $1 billion market cap. However, its performance on Base was mediocre.

Baby

Baby is supported by AthenaDAO, a DAO organization under Bio Protocol. It is part of the Desci DAO concept. AthenaDAO deployed 5 ETH on the Base network to provide liquidity support for Desci's meme project. On November 20, BABY announced the launch of cross-chain token swap functionality, allowing users to cross-chain to the Base network and exchange BABY tokens. Currently, Baby does not have a strong presence in the Chinese community, and its market cap is relatively low, hovering around 2 million.

Grow

GROW is the community governance token of ValleyDAO. ValleyDAO is a community that funds research in synthetic biology, advocating for environmental protection, nature, and holistic health, with a political spectrum leaning towards the trendy "Green Party" in Europe. The ValleyDAO project HempKnit crowdfunded approximately 17.5 ETH, currently valued at around $55,000. GROW holders can vote on projects, co-fund research, and receive shares in new biotechnology.

However, the liquidity pools of GROW are currently shallow, and synthetic biology currently lacks a compelling concept and narrative to drive FOMO. Investors need to be cautious of the risks involved.

Summary

The biggest issue with Base is its lack of liquidity. Perhaps everyone is already accustomed to the intense PvP on Solana, making the meme culture in the Base ecosystem seem unimpressive. However, just two months ago, 30 million was the hard cap for on-chain memes, and two months later, memes worth 50 million are flooding the market. The Base ecosystem has not yet attracted many PvP talents, but Vitrual has quietly surpassed a $200 million market cap. In the midst of danger, when everyone was pessimistic about Ethereum, Base became Ethereum's last hope.

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