Meme coin craze continues to heat up, OKX joins hands with KOL to gain insights into future trends and industry dynamics

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 in 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 lacks substantial functions, it represents a more efficient transaction application.

In this round of bull market, Bitcoin is soaring, and Memecoin is also growing 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 0x Scope, 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 Xus 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 Memecoin-related on-chain trading volumes have increased significantly recently, creating competition for the trading volumes 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, driven by 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 0x Scope, 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 0x Scope, expressed his views on meme launch platforms. In Jacksons 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 Solanas 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 from the perspective of Telegrams social attributes. 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 platforms 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 develop in many 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.

While 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, invest with caution, as Memecoin volatility brings both rewards and high risks.

Disclaimer

This content is for reference only and does not constitute and should not be considered as (i) investment advice or recommendation, (ii) an offer or solicitation to buy, 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 fluctuations, involve high risks, may depreciate in value, 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. Please consult your legal/tax/investment professional for your specific situation. 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 local applicable laws and regulations.

This article is sourced from the internet: Meme coin craze continues to heat up, OKX joins hands with KOL to gain insights into future trends and industry dynamics

Related: The Dilemma and Solution of Web3 Games

With the phenomenal popularity of Black Myth: Wukong, there has been a wave of voices in the circle that are pessimistic about Web3 games, adding another layer of debuff to the market environment that has been very depressed and self-doubting recently. Do Web3 people not love games? It is true that in the early bubble stage of the market, a strong speculative atmosphere is inevitable, but many builders still rush into this industry with the intention of making a good game, a game that truly belongs to players. If Web3 wants to achieve true mass adoption, games are an inevitable path that can penetrate the lower-tier markets. But the reality is harsh. When people want to count the first-line games in Web3, they find that there are very few high-quality…