Introduction

Meme coins contribute to the growth of a blockchain by bringing in new users. When a meme coin starts trending on social media, it doesn’t just attract attention to itself; it brings visibility to the entire blockchain ecosystem, compelling new investors to explore other projects. Also, the high trading volumes associated with meme coins can be a profitable source of transaction fees for the blockchain.

Brett is a popular meme coin that brings fun to the Base network. Backed by an enthusiastic community, it has the potential to become one of the highest-ranking meme coins in the crypto world.

This article comprehensively analyzes Brett, including its strategic partnerships, and contributions to the Base Chain ecosystem.

What is Brett?

Source: Based Brett

Brett is a meme coin on Base, a Layer 2 chain on Ethereum. It is based on Brett The Toad, a character in Matt Furie’s “Boy’s Club” webcomic series. The Boy’s Club collection is also the origin of the viral Pepe meme. The other two characters, Andy and Landwolf, have also been adopted as meme coins.

Brett is portrayed as a blue frog-like animated character, often seen lounging and known for his love for dancing and video games. He has a casual appearance, and his facial expressions usually convey a sense of indifference or mild amusement.

Popularly acclaimed as the mascot of the Base chain. It is a leading meme-coin on Base by market capitalization and by the number of token holders (666,445 holders).

Note: The Brett meme coin is a fan tribute to the original character and it is not affiliated with the creator of the original comic series.

A Brief History of Brett

Brett debuted on the charts in February 2024, created by anonymous developers as a fair launch with no presale, providing equal opportunity for all investors. However, on-chain analysts speculate that insiders were holding over 81% of the supply at launch. It grew rapidly, crossing $1B market capitalization by June 2024. According to Blockworks, BRETT was the third-fastest growing memecoin to hit a $1.5 billion market cap.

Meme coins and the Base Ecosystem

The Base Chain has experienced a surge in on-chain activity since the end of March 2024. This is attributed to the Dencun Upgrade, which reduced gas fees, attracting more users including meme coin traders to explore the Base Chain.

Transaction Activity on Base Chain from October 2023 - August 2024

(Source: DefiLlama)

Base has seen a surge in transactions following the Dencun Upgrade and the launch of well-performing meme coins such as BRETT, BENJI, MFER, etc.

Total Value Locked (TVL) on Base from August 2023 - July 2024

(Source: DefiLlama)

The influx of users significantly increased the total value locked on-chain with the volume of transactions reaching a record-breaking $1.22 billion by March 30.

Following the Dencun Upgrade, Brett had a noticeable uptrend from around late March to mid-April, from where the price steadily increased

(Source: TradingView)

Meme coins like Brett quickly caught traders’ attention, peaking at a market cap of $1.8 billion by June, making it the first meme coin on Base to surpass the $1 billion market cap.

Brett Vs. Other Meme coins on the Base Network

A comparison of Brett with other meme coins, Toshi and Benji, using data as of August 2024.

Brett’s Impressive Marketing: Could Brett be the Next Pepe?

Source: Brett

Brett is a meme coin without utility, relying primarily on hype and virality to boost its value. The team behind Brett has achieved relative success with promoting the token and securing listings on multiple centralized exchanges (CEXs), including Gate.io.

Brett’s promotional efforts extend beyond the crypto world, with advertisements featured during the UEFA Euro 2024 football competition and sponsorship of the Monaco E1 Series, an electric race boat competition. Demonstrating a commitment to social impact, Brett has also supported a charity project that provided water to villages in Nigeria. These strategic initiatives have significantly increased the token’s visibility and liquidity.

The Brett community is also very active on X, as they consistently promote the token with engaging posts to encourage other investors to join the community.

Partnerships

Brett is also collaborating with other projects to improve the accessibility of BRETT token to holders and potential investors.

Zebec Network

Source: Zebec Network

Zebec is a Decentralized Physical Infrastructure and Real World Asset payment network. Brett partnered with Zebec Network to deliver real-world use of BRETT tokens through the Zebec Instant Payment Card. BRETT holders can use the Zebec Card to purchase real-world items.

BroccoliSwap

Source: BasedBrett

BroccoliSwap is a user-friendly multi-chain aggregator. The partnership aims to provide an easy way to bridge and swap directly for $BRETT from Ethereum, AVAX, Polygon, Fantom, Arbitrum, and BNB networks.

What is BRETT Token?

$BRETT is an ERC-20 token with zero tax—no additional fee deducted by BRETT when you buy, sell, or transfer the token.

Project Tokenomics

BRETT has a total supply of 10 billion tokens, with token allocation distributed as follows:

• Liquidity Pools (LP): 85%
• Treasury: 10%
• Centralized Exchange (CEX) Wallet: 5%

Source: Brett

The token contract is renounced so the creator loses the ability to mint new tokens, modify the token’s supply, access or withdraw funds from the contract. The Liquidity Pool is also locked for 365 days, this means the project’s team cannot withdraw funds from the liquidity pool during the period.

Is Brett (BRETT) a Good Investment?

Brett is a meme coin that has the potential to exceed its current value as the Base ecosystem evolves, with more projects and technological advancements attracting users to the Base chain. Additionally, the success of meme coins often depends on the strength and enthusiasm of their communities. These communities, driven by a shared sense of humor or identity, can drive the popularity and value of a meme coin.

Investors are encouraged to research and evaluate their risk tolerance before investing in the project or any other cryptocurrency because of the risks involved. In addition, they should consider the cryptocurrency market’s volatility and potential regulatory changes.

Note: Investing in BRETT or any other crypto project does not guarantee profit and could result in capital loss.

How to Own BRETT?

To own BRETT, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy BRETT.

News on Brett

Brazilian Football Star Endorses Brett

Brett has caught the attention of ex-Brazilian football star Ronaldinho. He commented via his X account, acknowledging their support for creators and teasing them to come to Brazil.

Brett Partners With Top Racing Driver

On August 1, 2024, Brett announced a strategic partnership with leading NASCAR Brazil driver Witold Ramasauskas on its X account. As part of the deal, Brett’s logo will be featured on Witold’s racing car and suit, further increasing the project’s visibility and mainstream adoption.

Useful References

For the latest updates about BRETT, you can visit:

• Official website
• X
• Telegram
• Reddit
• Instagram
• TikTok

Take Action on BRETT

Check out BRETT price today and start trading your favorite currency pairs:

• BRETT/USDT