The cryptocurrency sector is witnessing a significant surge in activity, particularly around meme coins on the Base blockchain. In a notable development, the Base Layer 2 chain has added $1 billion in Total Value Locked (TVL) within the last 20 days, driven by a memecoin frenzy. Among the standout performers is the $DEGEN token, which has seen a remarkable increase in value, up 1500% in the past 30 days, as Base ecosystem projects increasingly integrate the token. The project recently raised $1.5 million in funding and has been disbursing grants to incubate new projects like Drakulaapp. Drakulaapp itself has achieved a milestone, reaching $10 million in volume within just 10 days of activity, and is planning to introduce a $DEGEN Onchain Creator Fund with 20M DEGEN (~$333,000) to support video creators. This move is part of a broader trend of surging interest in the Base blockchain, with transaction activity tripling and unique wallets doubling to 65k. Meme coins like $TOSHI, $TYBG, $NORMIE, and $BRETT have soared up to 1300%, hitting over $1 billion in trading volumes.