Will @LineaBuild Become the Next Hub for MEMECOINS ?
🧵 Let's explore the early 1000x opportunity.
First, let's understand where linea stands in the meme coin saga.
SOLANA:
Daily Volume: $6 Billion+
Daily Transaction Count: 20Million+
Top DEX (Raydium) Daily Volume: $4 Billion+
Linea:
Daily Volume: $30 Million+
Daily Transaction Count: 40K to 50K
Top DEX (Lynex) Daily Volume: $16 Million+
Note: Data only considers DEX transactions sourced from Dex Screener.
Huge difference So, why is that ?
To answer this, we need to understand the user onboarding processes for both chains:
SOLANA Onboarding :-
1 - DeFi Airdrops ( @JupiterExchange@jito_sol@Parcl@bonk_inu etc.. )
2- Memecoin Rush after @bonk_inu
3- Successful launchpad @pumpdotfun
(Grinding/Degen mindset)
Linea Onboarding for memes:-
1 - memecoin launchpad @ponddotfun
2- Organic users growth
4- No rug
3-Linea team supporting memecoin communities Spaces with memecoin projects
Now, let's dive into the main question :)
Will Linea Become the Next SOL for Memecoins?
Ofcourse because Linea is so early and shown so much growth recently
Let’s understand Solana’s history for context :-
In December 2022 - Solana’s daily volume was only $20 million, but then $BONK was born.
The entire Solana ecosystem supported this meme coin, which gained attention as ETH was expensive and the market was bearish. So people saw opportunity in SOLANA memecoins.
But the real fun began in January 2024 with the launch of @pumpdotfun :) which solved one of the biggest problems for meme coins—Rugpull
Before PumpFun Launch :-
SOLANA Daily Volume: Rarely touched $1 Billion
After PumpFun Launch :-
SOLANA Daily Volume: Consistently crossed $5 Billion+
Can Linea do the same?
@LineaBuild are working hard to make this happen. Recently announced @LineaAssn
These three memecoin supported by Linea team and I'm confident they will boom after Linea tge
1- $CROAK (@CROAK_on_linea) - ($3.1M MC)
2- $Foxy (@FoxyLinea)- ($44M MC)
3- $Linus(@LinusOnLinea)-($720M MC)
Available on @LynexFi and @NileExchange (@Consensys
Recently invested in Nile first dex on linea )
Biggest play @ponddotfun can act same as pump fun for Linea
Notable memes have launched and bonded to Nile on pond or are supporting meme coins on Linea
@CatWifCapLinea – $CWC ($240K MC)
@LinpussLinea – $LPUSS ($1.1M)
@FoxxOfLinea - $FOXX ($270K)
@beaver_builder – $BEAVER ($100k)
@Lineairdop - $LINEA($800k)
@froxyonlinea - $FROXY ($150K)
@GenesisOnLinea – $GENESIS ($60K MC)
The true gem Unbonded available on @ponddotfun with utility coming soon
1. @FrensAutomator - $FRENS ( $35K)
Due to this push, we’ve seen a 5x to 10x increase in volume on Linea, but this isn’t enough to bring in retail traders.
To catch up with solana Linea should focus on
1.Push Organic Memecoins : Focus on building and pushing organic meme coins to create FOMO. This worked for Solana with $BONK.
2. Invest in their OG memecoins and support them This will bring a lot real users to Linea and make hype on linea
3.Linea airdrop: Play the biggest role as Linea becoming the biggest L2 with less transaction cost and time could bring million users
$LINEA TGE is coming and airdrop also So don't fade this Og Linea NFT still under valued
@efrogs_on_linea Efrogs and efroglets
https://t.co/drnl5RelHT
https://t.co/sPiLWSPW8B
How can I forget @NotEnoughEth (SHAMA ❤️ 🐸)big shoutout to the Og of Linea doing a great work to bring real users to Linea
Linea team ⬇️
@ethereumJoseph@bigironchris@MaxGainsSZN@suzapolooza_eth@cathy_livne@Gwenole_M@nicoleadarme@matthieubouchau
It took me 3 hours to write this ✒️ so I'd appreciate your support with a LIKE ♥️ or a REPOST 🔁
By the way, I wouldn't mind if @LineaBuild or anyone decides to gift me for this effort 😉
Thanks to @Cryptowithkhan bhai
For motivating
Tomorrow, December 19th, the Consensys DevRel Team will host a live coding session on Building a Decentralized Voting Dapp on Linea.
📅 Thursday, 19th December 2024
⏰ 11 AM EST
📍 X & YouTube
Looking forward to seeing you there!
https://t.co/xKGb7BMNMj
Consensys is quietly building the future:
•@MetaMask: gateway to Web3
•@ensdomains: decentralizing digital identity
•@LineaBuild: scaling Ethereum with zkEVM
All led by @ethereumJoseph, co-founder of Ethereum. Just the beginning for @NileExchange.
Join our final Linea Community Call of the Year!
Host @francescoswiss welcomes @bigironchris (Linea's Product Marketing Lead) alongside @northpool9 & @Trantor2140 from Nile Exchange to unpack Consensys' investment in NILE and what this means for the community.
See you there!
📅 Wednesday, 18th December 2024
⏰ 10 AM EST
📍 X & YouTube
Register here:
https://t.co/pIP7gEtKBZ
In collaboration with @FoxyLinea, @unfetteredgame brings the ultimate KOL Guilds vs. Memes showdown!
🌐 Easy to Join - Browser-based on @HyperPlayGaming
🎮 Free to Play - No ticket fee
💰 $5000 Prize Pool ($2500 in $FOXY + $2500 in $SOULS)
How to Participate:
- Play Awakening – the first side game from Unfettered Ecosystem
👇https://t.co/Mx63x9CAEj
- Choose your side: Memes or Guilds
- Complete quests, rank up, and claim victory!
🚀 Quests are live! 🚀
Prove the power of memes, dominate the leaderboard, and grab your rewards! 💪
By the numbers, Lynex leads the @LineaBuild ecosystem across all key DEX metrics. 📊
We’ve proven ourselves as the top DEX on Linea—and we’re just getting started.
Are we telling our kids that @MustStopMurad starred in Silicon Valley and @ethereumJoseph is Mr. Worldwide?
Either way, tomorrow's livestream is not something you want to miss.
#MemeSZN is coming. #MaxGainsSZN is upon us.
Enter to win a share of $1,000 by sending in your questions on tomorrow’s stream and following the steps below 👇
✅ Follow @LineaBuild
✅ Retweet + Like + Tag 1 Friend
✅ Set Reminder & Attend Livestream: https://t.co/KbLIE77rdP
✅ Fill out the form below before the Livestream ends.
✅ Please submit your question along with your Twitter handle in the chat during the livestream. Our host will select questions from the chat, and if your question is chosen, we will reach out to you on X to claim your giveaway prize.
https://t.co/3ppUCEnEH2