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Base TVL spikes amid meme coin surge, targets $1 billion

Base TVL is up more than 126% in the past month, up from around $405 million on February 25. TVL has reached $913 million amid meme coins frenzy and could hit $1 billion this week. The Total Value Locked (TVL) on Base, an Ethereum layer-2 protocol launched by Coinbase, has reached a new high above…


  • Base TVL is up more than 126% in the past month, up from around $405 million on February 25.
  • TVL has reached $913 million amid meme coins frenzy and could hit $1 billion this week.

The Total Value Locked (TVL) on Base, an Ethereum layer-2 protocol launched by Coinbase, has reached a new high above $900 million.

Data on DeFiLlama showed the TVL stood at over $913 billion on March 25, up by more than 126% from $405 million on February 25. Bridged TVL was valued at over $1.15 billion.

Base TVL on DeFiLlama

Base meme coins send TVL soaring

In the past few weeks, the spotlight has been on Solana-based meme coins. The likes of dogwifhat, Bonk Book of Meme, Slerf and Myro have dominated the market with massive gains.

But Base meme coins have seen a decent spike in the past 24 hours, with data showing their market cap has increased more than 400% in 24 hours to nearly $1 billion.

Buying frenzy has hit tokens such as Toshi (TOSHI), Degen (DEGEN) and Mochi (MOCHI), which have all soared more than 30% in the past day.

Nansen highlighted the growth in TVL, noting a surge could see it hit $1 billion this week.

Base TVL is up over 25% from last week ($705m to $892.6m), with the network on the path to hit $1b TVL this week

it looks like @base szn is here pic.twitter.com/x5rRRxnw1s

— Nansen 🧭 (@nansen_ai) March 25, 2024

RWA tokens on the rise

Real world assets (RWAs) have also contributed to Base’s emerging as a force in the market.

With the recent Dencun upgrade in place, low fees sees interaction with dApps on the rise. Users and investors are also taking key dips into the RWA market, eyeing gems.

On-chain data shows a notable impact on Base TVL from RWA projects, including a 28% spike in TVL for Tangible RWA and nearly 6% for Cygnus Finance.

Overall rise in RWA tokens saw the sector’s market cap soar more than 25% to above $7 billion. Top tokens in this market include Ondo Finance, Polymesh, Pendle and TokenFi.

Apart from meme coins and RWA, two other narratives likely to lead the bull cycle are artificial intelligence (AI) and Decentralized Physical Infrastructure Networks DePINs).


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Bitcoin User Accidentally Hands Over $105,000 Fee on $10 Transaction

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Vivek Ramaswamy-Backed Strive Expands Bitcoin Treasury to 7,525 Coins

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Bitcoin

Germany’s AfD party proposes Bitcoin as strategic asset

The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty. Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin…


Germany's AfD party proposes Bitcoin as strategic asset

  • The AfD party is urging Germany to treat Bitcoin as a strategic national asset.
  • The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules.
  • AfD is pushing Bitcoin as “state-free money” to boost sovereignty.

Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin as a strategic asset.

The short, forceful proposal argues Bitcoin deserves distinct treatment from other crypto-assets and calls for tax and regulatory relief to bolster innovation and national sovereignty.

The Bitcoin strategic reserve motion by AfD

The AfD motion urges lawmakers to treat Bitcoin differently from tokens and stablecoins covered by the EU’s Markets in Crypto-Assets (MiCA) framework.

It argues Bitcoin’s decentralised design and fixed supply make it a unique form of digital value that should not be shoehorned into rules intended for centrally issued crypto instruments.

The party explicitly proposes that the government consider accumulating Bitcoin within national reserves as a hedge against inflation and currency volatility.

A central demand in the motion is tax certainty.

AfD lawmakers want to preserve the existing 12-month holding exemption for private capital gains and maintain Bitcoin’s exemption from VAT.

They also call for private mining and running Lightning Network nodes to be clearly classified as non-commercial activities, reducing administrative burdens for individual participants.

The motion stresses the right to self-custody and warns that legal uncertainty deters long-term private investment.

AfD frames the proposal as part of a broader defence of digital sovereignty.

The party opposes a European digital euro and portrays Bitcoin as “state-free money” that can protect liberties and reduce dependence on centrally issued currency instruments.

The motion arrives amid debate over Germany’s decision in mid-2024 to sell nearly 50,000 BTC seized from criminal proceedings — an action AfD and others now characterise as a policy mistake given subsequent price movements.

The proposal argues that heavy-handed national implementation of MiCA risks capital flight and diminishes Germany’s standing in blockchain innovation.

AfD lawmakers say excessive rules will push firms and talent to friendlier jurisdictions, eroding competitiveness in a field with rapidly evolving technology and commercial models.

AfD also highlights potential synergies between Bitcoin and energy policy.

The motion suggests that productive uses of excess renewable supply — including mining — could create a technological and economic fit between Germany’s energy transition and the Bitcoin network.

The party frames state accumulation of Bitcoin as a prudent diversification of reserve assets, drawing parallels to moves and proposals in other European countries that have discussed or adopted similar approaches.

Beyond urging a strategic statement from the federal government, the motion seeks concrete commitments: keep tax advantages intact, exempt certain private operations from commercial classification, enshrine self-custody rights, and open study of Bitcoin’s role in reserves and energy integration.

AfD wants the Bundestag to formally recognise Bitcoin’s distinct status and to restrain national rule-making that would extend MiCA beyond its intended scope.

The reaction from the public

Supporters in crypto circles welcomed the proposal as a sign that mainstream political debate is shifting away from dismissive tropes about digital currencies.

Critics, however, worry the plan could politicise reserve policy or clash with EU regulatory intent.

Observers note that Germany occupies an outsized spot in Europe’s economy, so any move to treat Bitcoin strategically would reverberate across markets and policy debates.

As Bundestag review AfD’s motions and the larger question of how national policy should sit alongside EU rules, whether the proposal gains traction depends on cross-party calculation about economic benefits, sovereign risk, and regulatory coherence.


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