The meme coin craze continues to heat up, with OKX teaming up with KOL to gain insights into future trends and industry movements

Entering a new cycle, the structure of the cryptocurrency industry is changing. The old narratives and logic no longer fully adapt, and the market is developing towards greater efficiency. This can be seen from the Memecoin sector, which is known for its strong community interaction, humorous style, and rapid, often speculative price growth. Although it still lacks substantial functionality, it represents a more efficient trading application.

In this bull market, Bitcoin is soaring, and Memecoins are also beginning to grow wildly, forming a collective enthusiasm. Whether combined with AI or enhancing functionality, Memecoins are continuously innovating more possibilities. Although the Memecoin craze is unlikely to weaken in the short term, it still relies on providing additional value, building unique communities, and maintaining resilience. So, returning to rationality and viewing it dialectically and developmentally, is Memecoin ushering in a super cycle?

On October 25, OKX, along with several top industry KOLs including Benson from CoinKarma, Jackson, co-founder of 0xScope, Barbara, a core contributor from the Pepe community, Adam from the Solana Foundation, and Jade Chen from the TON Foundation, held a Twitter Space themed around Memecoins. They engaged in in-depth and exciting discussions on the future trends and innovations in the industry, using the Memecoin hotspot as a starting point, and recorded the insightful perspectives of the guests.

OKX Alan Xu's View: Memecoins are driving the development of decentralized platforms and infrastructure, attracting more users

Alan Xu from OKX delivered a speech on behalf of OKX, briefly introducing the historical background and cultural value of Memecoins. He pointed out that Memecoins are not just entertainment; they are a social phenomenon born at the intersection of blockchain technology and popular culture. In his view, the current market craze for Memecoins is driving the development of decentralized platforms and infrastructure, attracting more users to participate in the blockchain ecosystem. This phenomenon not only showcases the appeal of Web3 but also prompts various public chain ecosystems and project parties to deeply consider the application potential of Memecoins.

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

Benson from CoinKarma analyzed the impact of the rise of Memecoins on on-chain and off-chain market trading volumes. He pointed out that recent on-chain trading volumes related to Memecoins have significantly increased, creating competition for trading volumes on centralized trading platforms. He specifically mentioned that OKX invested resources in developing a Web3 wallet in 2022, becoming a key player in this trend. He further stated that the Memecoin wave is essentially an exploration and vote by the capital market for a new asset class, driven by retail investors' desire for innovation and fairness. Benson predicted that the market will increasingly focus on whether Memecoins can attract more external capital and user inflow to maintain long-term growth momentum.

0xScope Co-founder Jackson's View: Memecoins may become the new normal in the industry and are expected to drive a sustained trend similar to a "Super Cycle"

Jackson, co-founder of 0xScope, shared his views on Meme launch platforms. In Jackson's opinion, Meme launch platforms like pump.fun perform excellently in terms of user demand and revenue, especially with the ongoing demand driven by the Meme craze. Moreover, Memecoins not only promote the development of launch platforms but also drive the growth of data and trading infrastructure within the entire ecosystem. With the construction of various infrastructures, Memecoins are expected to become the new normal in the blockchain industry and may drive a sustained trend similar to a "Super Cycle."

Solana Foundation Adam's View: Just like past NFTs, Memecoins are becoming a medium for people to express themselves and build communities in the blockchain ecosystem

Adam from the 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, providing a seamless experience for Memecoin transactions. Adam further explained that the popularity of Memecoins also reflects the cultural aggregation effect, where this cultural identity encourages users to participate and support a common ecosystem. He predicted, "Just like the rise of NFTs in the past, Memecoins are becoming a medium for people to express themselves and build communities in the blockchain ecosystem."

Pepe Community Core Contributor Barbara's View: The future development of Memecoins will be more community-oriented, with members participating in project construction and management

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

TON Foundation Jade Chen's View: TON is about to launch a Meme launch platform and a special support plan for Memecoins

Jade Chen from the TON Foundation discussed the application potential of Memecoins in the TON ecosystem, starting from the social attributes of Telegram. She pointed out that the TON community has driven the development of Meme culture through social-driven methods. She revealed that TON is about to launch a Meme launch platform and has a special support plan for Memecoins. Jade stated, "The TON community, through the widespread dissemination effect of decentralized social networks, can bring higher efficiency and impact for the dissemination and implementation of Memecoins."

In the subsequent discussion, the guests delved into the underlying demand behind the rapid development of the Memecoin market, particularly the shortcomings in infrastructure. For instance, the large-scale use of Memecoins poses higher demands on trading efficiency and platform traffic handling capabilities. Additionally, attendees analyzed how to incorporate Meme cultural elements into current Web3 products to better meet young users' expectations for social interaction and entertainment experiences. Regarding new launch platforms, they believe these platforms not only accelerate the circulation of new tokens but also attract more users into 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 this ecological innovation, assisting industry development from multiple aspects such as technology, resources, and investment. This aims 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 Memecoins remain a speculative asset class, they have become a symbol of the intersection of Web3 culture, community, and finance. For users, understanding the social and cultural background behind Memecoins will be key to effectively navigating this field. As always advised, invest cautiously, as the volatility of Memecoins brings both returns and high risks.

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