Is Memecoin experiencing a super cycle?

Entering a new cycle, the structure of the encryption industry is undergoing changes, and the old narrative and logic are no longer fully adapted. The market is developing towards a more efficient direction. This can be seen from the Memecoin track, which is known for its strong community interaction, humorous style, and rapid and often speculative price growth. Although it still lacks substantial functionality, it represents a more efficient trading application.

In this bull market, Bitcoin has been singing high all the way, and Memecoin has also begun to grow wildly, forming a collective enthusiasm. Whether combined with AI or enhanced with features, Memecoin is constantly innovating to create more possibilities. Although the Memecoin craze will not weaken in the short term, it still relies on providing additional value, establishing unique communities, and maintaining resilience. So, returning to rationality, from a dialectical and developmental perspective, is Memecoin ushering in a super cycle

On October 25th, OKX teamed up with Benson from CoinKarma, Jackson, co-founder of 0xScope, Barbara, a core contributor to the Pepe community, Adam, representative of Solana Foundation, and Jade Chen from TON Foundation, among other top KOLs in the industry, to hold a Twitter Space on Memecoin related topics. Using Memecoin hot topics as a starting point, they conducted in-depth and exciting discussions on future trends and innovations in the industry, and recorded unique guest insights.

OKX Alan Xu's viewpoint: Memecoin has driven 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 an entertainment, but also a social phenomenon born at the intersection of blockchain technology and popular culture. In his view, the current market boom of Memecoin has driven the development of decentralized platforms and infrastructure, attracting more users to participate in the blockchain ecosystem. This phenomenon not only demonstrates the attractiveness of Web3, but also triggers profound thinking among various public chain ecosystems and project parties about the potential of Memecoin applications.

CoinKarma Benson's viewpoint: The driving force behind the Memecoin wave lies in retail investors' desire for innovation and fairness

CoinKarma's Benson analyzed the impact of Memecoin's rise on on on chain and off chain market trading volume. He pointed out that the recent significant increase in on chain trading volume related to Memecoin has created competition for the trading volume of centralized trading platforms. He specifically mentioned that OKX will invest resources in developing Web3 wallets in 2022, which has become an important layout for top exchanges in this trend. He further stated that the Memecoin wave is actually a capital market exploration and voting for new asset classes, driven by retail investors' desire for innovation and fairness. Benson's final prediction is that in the future, the market will pay more attention to whether Memecoin can attract more external capital and user inflows to maintain its 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 sustained trend similar to the 'Super Cycle'

Jackson, co-founder of 0xScope, presented his views on the Meme launch platform. In Jackson's opinion, Meme launch platforms like pump.fun have performed well in terms of user demand and revenue, especially driven by the Meme craze, where platform demand continues to grow. In addition, Memecoin not only drives the development of launch platforms, but also drives the growth of data and transaction infrastructure throughout the ecosystem. With the construction of various infrastructure, Memecoin is expected to become the new normal in the blockchain industry and may drive a sustained trend similar to the 'Super Cycle'.

Solana Foundation Adam's viewpoint: Just like NFTs in the past, Memecoin is becoming a carrier 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 Solana blockchain is known for its low transaction fees and fast transaction speed, which can provide a seamless experience for Memecoin transactions. Adam further explained that the popularity of Memecoin also reflects the clustering effect of culture, which makes users willing to participate and support a common ecosystem. He predicted, "Just like the rise of NFTs in the past, Memecoin is becoming a carrier for people to express themselves and build communities in the blockchain ecosystem

Barbara, a core contributor to the Pepe community, believes that Memecoin's future development will be more community-based, with members participating in the construction and management of the project

Barbara, a core contributor to the Pepe community, explored the unique charm of Memecoin from a community perspective. She stated that the success of the Pepe community lies not only in the expression of creativity, but also in players' pursuit of culture and fun. Barbara believes that the future development of Memecoin will be more community oriented, with community members participating in project construction and management, thereby further enhancing community cohesion. She specifically mentioned, "Memecoin is not only a speculative market, but also a phenomenon with social, creative, and cultural attributes, aggregating the innovation and participation enthusiasm of a new generation of users

Jade Chen from TON Foundation: TON is about to launch a Meme launch platform and a dedicated support program for Memecoin

Jade Chen from TON Foundation explored the potential application of Memecoin the TON ecosystem based on the social attributes of Telegram. She pointed out that the TON community has driven the development of Meme culture through social media. 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 delved into the underlying needs behind the rapid development of the Memecoin market, particularly the shortcomings in infrastructure. For example, the widespread use of Memecoin places higher demands on transaction efficiency and the platform's traffic processing capabilities. In addition, participants analyzed how to integrate Meme cultural elements into current Web3 products to better meet the expectations of young users for social interaction and entertainment experiences. For the 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, achieving 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 innovation in this ecosystem, helping the industry develop from various aspects such as technology, resources, and investment and financing, 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 background behind Memecoin will be key to effectively navigating this field. As always advised, invest cautiously as Memecoin volatility brings both returns and high risks.

Disclaimers

This content is for reference only and does not constitute or should be construed as (i) investment advice or recommendation, (ii) offer or solicitation to purchase, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. We do not guarantee the accuracy, completeness, or usefulness of such information. Digital assets (including stablecoins and NFTs) are subject to market volatility, involve high risks, and may depreciate or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. For your specific situation, please consult your legal/tax/investment professionals. Not all products are available in all regions. For more details, please refer to the OKX Terms of Service and Risk Disclosure&Disclaimer. OKX Web3 mobile wallet and its derivative services are subject to separate terms of service. Please be responsible for understanding and complying with applicable local laws and regulations on your own.