Memecoins Are Fueling Growth on Coinbase’s Blockchain

In this edition of the Bloomberg Crypto newsletter, Muyao Shen takes a look at the memecoins trading on Coinbase’s Base blockchain.

The memecoin frenzy has overtaken Base, a blockchain launched by Coinbase Global Inc. that’s meant to be the centerpiece of its expansion into decentralized finance and nonfungible tokens.