Entering a new cycle, the structure of the crypto industry is changing, the old narrative and logic are no longer fully adapted, and the market is moving towards a more efficient direction. This can be seen from the Memecoin track, which is famous for its strong community interaction, humorous style, and rapid and often speculative price growth. Although it lacks substantial functions, it represents a more efficient transaction application.
In this round of bull market, Bitcoin has been singing all the way, and Memecoin has also begun to grow wildly, forming a collective enthusiasm. Whether it is combined with AI or enhanced functions, Memecoin is constantly innovating more possibilities. Although the Memecoin craze will not weaken in the short term, it still depends on providing additional value, building a unique community and maintaining resilience. So, returning to rationality and looking at it from a dialectical and developmental perspective, is Memecoin ushering in a super cycle?
On October 25, OKX, together with several top industry KOLs including Benson of CoinKarma, Jackson, co-founder of 0xScope, Barbara, core contributor of Pepe community, Adam, representative of Solana Foundation, and Jade Chen of TON Foundation, held a Twitter Space on Memecoin-related topics. Taking Memecoin as the starting point, they conducted in-depth and wonderful discussions on future trends and innovations in the industry, and recorded the wonderful and unique insights of the guests.
OKX Alan Xu’s opinion: Memecoin has promoted the development of decentralized platforms and infrastructure, attracting more users
OKX Alan Xu delivered a speech on behalf of OKX, briefly introducing the historical background and cultural value of Memecoin. He pointed out that Memecoin is not only a form of entertainment, but also a social phenomenon born at the intersection of blockchain technology and popular culture. In his opinion, the current market boom of Memecoin has promoted the development of decentralized platforms and infrastructure, and attracted more users to participate in the blockchain ecosystem. This phenomenon not only demonstrates the appeal of Web3, but also triggers various public chain ecosystems and project parties to think deeply about the application potential of Memecoin.
CoinKarma Benson's opinion: The driving force behind the Memecoin wave is retail investors' desire for innovation and fairness
Benson of CoinKarma analyzed the impact of the rise of Memecoin on both on-chain and off-chain market trading volumes. He pointed out that the on-chain trading volume related to Memecoin has increased significantly recently, which has formed competition for the trading volume of centralized trading platforms. He specifically mentioned that OKX invested resources in the development of Web3 wallets in 2022, which has become an important layout of the leading exchanges in this trend. He further stated that the Memecoin wave is actually a capital market exploration and voting for new asset classes, and its driving force lies in the retail investors' desire for innovation and fairness. Benson finally predicted that in the future, the market will pay more attention to whether Memecoin can attract more external capital and user inflows to maintain long-term growth momentum.
Jackson, co-founder of 0xScope, believes that Memecoin may become the new normal in the industry and is expected to drive a continuous trend similar to the "Super Cycle"
Jackson, co-founder of 0xScope, expressed his views on meme launch platforms. In Jackson's view, meme launch platforms like pump.fun have performed well in terms of user demand and revenue, especially driven by the meme craze, the demand for the platform continues to grow. In addition, Memecoin has not only promoted the development of launch platforms, but also driven the growth of data and transaction infrastructure in the entire ecosystem. With the construction of various types of infrastructure, Memecoin is expected to become the new normal in the blockchain industry and may promote a continuous trend similar to the "Super Cycle".
Solana Foundation Adam's opinion: Just like NFT in the past, Memecoin is becoming a vehicle for people to express themselves and build communities in the blockchain ecosystem
Adam from Solana Foundation shared Solana's unique advantages in supporting the Memecoin ecosystem. He pointed out that the Solana blockchain is known for its low fees and fast transaction speeds, which can provide a seamless experience for Memecoin transactions. Adam further explained that the popularity of Memecoin also reflects the cultural aggregation effect, and this cultural identity makes users willing to participate in and support a common ecosystem. He predicted: "Just like the rise of NFTs in the past, Memecoin is becoming a vehicle for people to express themselves and build communities in the blockchain ecosystem."
Barbara, a core contributor to the Pepe community, said: Memecoin will become more community-oriented in the future, and members will participate in the construction and management of the project.
Barbara, a core contributor of the Pepe community, discussed the unique charm of Memecoin from the perspective of the community. She said that the success of the Pepe community lies not only in the expression of creativity, but also in the players' pursuit of culture and fun. Barbara believes that the development of Memecoin will be more community-oriented in the future, and community members will participate in the construction and management of the project, thereby further enhancing the cohesion of the community. She specifically mentioned: "Memecoin is not only a speculative market, it is also a phenomenon with social, creative and cultural attributes, which aggregates the innovation and participation enthusiasm of the new generation of users."
Jade Chen of TON Foundation: TON is about to launch a Meme launch platform and a special support plan for Memecoin
Jade Chen of TON Foundation discussed the application potential of Memecoin in the TON ecosystem based on the social attributes of Telegram. She pointed out that the TON community has promoted the development of Meme culture through a social-driven approach. She revealed that TON is about to launch a Meme launch platform and has a special support plan for Memecoin. Jade said: "The TON community can bring higher efficiency and influence to the dissemination and implementation of Memecoin through the widespread dissemination effect of decentralized social networks."
In the subsequent discussion, the guests explored in depth the needs behind the rapid development of the Memecoin market, especially the deficiencies in infrastructure. For example, the large-scale use of Memecoin has put forward higher requirements for transaction efficiency and the platform's traffic processing capabilities. In addition, the participants analyzed how to incorporate Meme cultural elements into current Web3 products to better meet the expectations of young users for social interaction and entertainment experience. For new launch platforms, they believe that these platforms not only accelerate the circulation of new tokens, but also attract more users to enter the market and achieve sustainable growth through interaction and community building.
Among them, Alan Xu pointed out that as the Memecoin ecosystem gradually matures, OKX Ventures will continue to support this ecological innovation, and help the industry development from multiple aspects such as technology, resources, investment and financing, so as to further improve the infrastructure of the Memecoin market, promote the deep integration of Web3 and Meme culture, and support innovative projects with long-term potential.
Although Memecoin remains a speculative asset class, it has become a symbol of the intersection of Web3 culture, community, and finance. For users, understanding the social and cultural context behind Memecoin will be key to effectively navigating this space. As always, be cautious with your investments, as Memecoin volatility brings both rewards and high risks.
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