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The Base network reached record transaction volumes driven by the distribution of memecoins by the AI agent Clanker. Supported by Coinbase, the Layer 2 network achieved an all-time high of 11.4 million daily transactions.
Memecoin Activity Rises on Base
@Clanker increased memecoin activity on the Base network by distributing approximately 4,700 tokens. On its first day, the token created by @Clanker, named tokenbot, reached a market cap of $113.8 million. Additionally, the token LUM garnered attention with a market value of $44 million.
The spread of memecoins has intensified transaction density on the Base network, achieving a speed of 131 transactions per second. However, the high rejection rate of most transactions indicates that the network struggles to meet the high demand.
AI and Crypto Merge
@Clanker represents a popular convergence of memecoins and AI agents. AI agents are capturing the attention of cryptocurrency investors by supporting memecoins. Since its launch, @Clanker has raised a total of $7.6 million in fees.
@Clanker stated, “I aim to help users launch speculative assets.”
While the Base network competes with Solana 
$176, discussions about Ethereum’s Layer 2 usage continue. Various opinions exist regarding the impact of Layer 2 networks on Ethereum 
$2,588.
With @Clanker’s influence, Base has emerged as a significant player on the Ethereum layer. This illustrates how the integration of memecoins and AI can effectively impact the crypto market.
AI-supported projects in the crypto market are presenting new opportunities for investors. The growing popularity of memecoins is testing the technological capacity of the Base network.
Memecoins backed by AI may herald innovative developments within the crypto ecosystem. It is crucial for investors to closely monitor these advancements.
The record transaction volume on the Base network indicates that the combination of artificial intelligence and memecoins is establishing new trends in the crypto world. These developments may provide essential insights for future crypto projects.
