Basic Brett Meme Coins have increased by 70% over the past week

The value of the basic Brett meme coins has increased by 70% over the past week and are currently trading at $0.08,108.

The value of the basic meme coin Brett (Brett) has increased by 70% over the past week, and as of the time of this writing, it has traded at $0.08,108. Its market capitalization also exceeded US$803 million.

While the meme coin is still below its all-time high (ATH) of $0.235 (August 2022), its momentum is growing as capital continues to flow into the basic chain. According to DeBank's on-chain metrics data, Base's current total lock-in value is $3.788 billion, showing nearly 1% growth in the past 24 hours.

The ecosystem is contributing $275,428 with $411.6 million in stablecoins and 1.27 million active users daily network revenue. Meanwhile, decentralized applications built on the basis of infrastructure earn more than $1.17 million per day.

Often referred to as the "face" of the basic memes, Brett has become a cultural symbol in this extended network. As capital flows into the foundation, investors increasingly view Brett as an important asset to the entire underlying ecosystem. With the increase in developer activity and the daily usage metrics climbing, Brett became the meme coin on the basis.

The timing couldn't be better. Amid the symbolic and structural victory of the ecosystem, the company that created the foundation, Coinbase (NASDAQ:COIN), is about to join the S&P 500. This will happen on May 19, replacing Discover Financial Services. The announcement has already caused a shock wave in traditional and crypto markets, with Coinbase stock rising more than 16% in early New York trading.

As the saying goes… “First they ignore you. Then they laugh at you. Then they fight you.”

The move will tie with elite indices such as Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), and may allow its shares in the S&P 500 ETF to passively flow billions of dollars. State Street 500 Index ETF alone manages more than $572 billion, and Goldman Sachs estimates that nearly $3 trillion has flowed into passive capital over the past decade.

Brett will benefit the most from it. As Coinbase becomes more visibility in institutional investors and traditional finance, so does its basic network and the thriving tokens in it. Brett’s role as the flagship of the basic culture makes its narrative advantage unique, with few meme coins being able to replicate.

Furthermore, technology is consistent with the macro story. Looking at Brett's chart, you can see that there has been a clear bullish breakout over the past week, with strong trading volume pushing the price higher from $0.05 to $0.08. The parabolic movement on May 9 coincides with the rise in Coinbase's extended trading session.

But it's not just speculation. The basis proves its economic viability. The on-chain fees incurred daily exceed $277,000 and the total locked value reaches $18.793 billion, these figures indicate continued user engagement.

Brett's expansion became not only a meme, but also an indicator of tracking the vitality of the underlying chain.

As the market digests the news that Coinbase joins the S&P 500, the foundation continues to approach the use of Ethereum (Crypto:ETH) levels, Brett may enter a new phase of its life cycle. One is no longer defined by jokes, but more through data. If the foundation is a new star in the second layer of Ethereum expansion solution, then Brett is the meme that can fly to the moon.

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