KEYTAKEAWAYS
- "Base is for everyone" Market Cap Exceeds $20 Million, Rising 150% in 6 Hours
- BNB Completes 31st Quarterly Burn, Worth Over $916 Million
- Ethereum Fees Drop to Five-Year Low
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
“BASE IS FOR EVERYONE” MARKET CAP EXCEEDS $20 MILLION, RISING 150% IN 6 HOURS
According to GMGN market data, the Base ecosystem’s new Meme coin “Base is for everyone” has seen its market cap exceed $20 million, currently at $20.56 million, increasing 150% in 6 hours. Its 24-hour trading volume has reached $26.3 million.
Analysis:
Meme assets have evolved from purely speculative tools to core indicators measuring public chain ecosystem attractiveness. Mainstream public chains such as Solana, BNB Chain, and Base are all developing differentiated Meme strategies, engaging in an intense battle for “on-chain attention.”
BNB Completes 31st Quarterly Burn, Worth Over $916 Million
BNB Chain successfully completed its 31st quarterly token burn on April 16, burning a total of 1,579,207.72 BNB, equivalent to approximately $916 million at the time. After the burn, BNB’s remaining total supply stands at 139.3 million tokens, with 40.887 million tokens still to be burned.
Analysis:
BNB fluctuated within ±2% during the day, and while this burn did not directly boost the token price, it reinforced value support by reducing circulating supply. In the medium to long term, attention should be paid to the dynamic balance between exchange revenue and burn scale. If trading volume declines lead to a contraction in burn amounts, it may weaken deflationary expectations.
Ethereum Fees Drop to Five-Year Low
Santiment Marketing Director Brian Quinlivan notes that Ethereum network fees are currently around $0.168 per transaction, with the decrease in fees accompanied by a reduction in the number of people sending ETH and interacting with smart contracts.
Analysis:
Transaction costs on the Ethereum network have fallen to a five-year low due to diminished activity on the blockchain. From a trading perspective, low fees might hinder price rebounds; however, traders appear to be patiently waiting for global economic uncertainties to pass before increasing the frequency of Ethereum and altcoin transactions.
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