As the MEME craze continues to sweep the crypto market, various players are actively participating and the ecosystem is gradually improving. However, with the rise of MEME assets, their dispersed liquidity, lack of intrinsic value and insufficient community governance have begun to limit their further growth space.
To meet these market challenges, MemeCore, an EVM-based L1 blockchain, is introducing cross-chain liquidity, community governance incentives and practical empowerment to bring deeper value and growth potential to the MEME ecosystem. On MemeCore, MEME coins are not only a carrier of cultural expression but also an important tool with economic participation significance, driving the construction and development of the entire ecosystem.
Multiple factors, such as viral spread, the wealth effect, low entry barriers and increasingly improved infrastructure, have contributed to the sustained MEME craze over the past year, making it one of the most watched and fastest growing crypto narratives. This phenomenon has not only attracted a large number of retail investors but has also become the main battlefield for public chains, CEXs and market makers to compete for traffic.
According to Coingecko data, the total market value of MEME coins has soared from $20 billion in 2023 to $140 billion in 2024, with a growth rate of 600%. Among them, eight MEME coins have entered the top 100 in market value, further demonstrating the strong development momentum in the MEME field. At the same time, Binance previously released a global user survey report showing that MEME coins are the most popular tokens among users, with 16.1% of respondents currently holding MEME coins, even exceeding the holding rate of Bitcoin.
Although MEME has achieved significant growth in the past year, attracting a large number of investors and participants, there are still uncertainties behind this wave, such as liquidity, application scenarios and transparency. Based on a strong market development foundation, MemeCore has proposed a series of innovative solutions to these problems, aiming to promote capital inflow and support rapid user expansion, thereby achieving sustainable growth of the MEME ecosystem.
On the issue of dispersed liquidity, MemeCore has built a multi-chain liquidity hub to simplify the circulation of assets on different chains, thereby reducing the complexity of bridging. Specifically, although MEME coins have made great progress in market value, the liquidity fragmentation phenomenon is serious. Most MEME coins are concentrated on mainstream blockchains such as Solana and Ethereum, which not only limits the participation of investors and communities on other chains but may also lead to increased slippage risks and reduced transaction efficiency. MemeCore has adopted an innovative PoM (Proof of Meme) mechanism for multi-chain cross-chain staking, which allows the trading of MEME coins with different cultural characteristics to no longer be limited to a single chain but to flow freely between multiple chains, reducing users' transaction costs and improving transaction efficiency.
Unlike other crypto assets, the value of most MEME coins comes mainly from cultural attributes and viral effects, which makes them easy to lose value when market sentiment fluctuates. As the first mainnet to provide a dual block reward system, MemeCore introduces a staking mechanism for block validators and delegators to enhance the long-term stability of MEME coins. They can receive dual block rewards of $M and MRC-20 tokens while congratulating a more stable and active ecosystem. Under this economic incentive mechanism, MemeCore will not only transform MEME, a purely speculative asset, into a productive asset but will also bring sustainable growth to the market's liquidity and participation, thereby promoting the long-term prosperity of the MEME ecosystem.
Of course, developers are an indispensable source of power in the MEME ecosystem and a cornerstone for rapid innovation. The MemeCore network is a network compatible with the Ethereum Virtual Machine (EVM), which means that the migration cost and threshold for developers will be greatly reduced, and there is no need to write smart contract code from scratch. This compatibility not only improves the development efficiency of MEME applications but also attracts more applications to migrate to the platform to expand the ecosystem, or accelerate the expansion and innovation of the ecosystem. At the same time, MemeCore has also launched various developer incentive activities, such as the Meme Masters hackathon event initiated by MemeCore in November this year, which invites developers to integrate innovative dApps into the MemeCore ecosystem through economic incentives, thereby injecting vitality into the MEME coin community. In addition, the LIFT EcoFund operated by MemeCore also focuses on supporting MEME core infrastructure projects with strong potential, providing reasonable funding and brand exposure for project developers.
In other words, in this ecosystem construction, a mutually beneficial relationship is formed between the MEME community and dApp developers. MemeCore helps dApp accelerate its growth by providing an immediate user base and community support. dApp provides practical tools (such as staking, DeFi, etc.) to the community, giving more intrinsic value to speculative assets such as MEME coins. This mutually beneficial relationship ensures that the MEME project can achieve
