One month has passed since the launch of Tama Meme, and we examine the key metrics, risks, and prospects of memecoins in the Ronin ecosystem.
Key Metrics After One Month
Since its launch, 20,066 Tama Meme tokens have been issued. Total Ronin spent amounted to 1,688,412. Tama Meme token holders number 111,743. Total protocol revenue reached 401,133 RON ($507,032). The total volume of bonded tokens is $66,429,464. RON earned by referrals amounts to 7,967.
Risks and Challenges of Memecoins
Memecoins continue to generate revenue, but risks such as the potential for 'rug pulls' remain. The community must stay united, supporting each other and investing only sums they are willing to lose. Recently, memecoins on Ronin have not been receiving as much attention, with liquidity concentrated in a few coins. Users raise concerns about sandwich bots, though this issue is common across many chains.
Future of Memecoins in the Ronin Ecosystem
Tama Meme is working on platform improvements, including a new UX, and may launch a validator on Ronin with rewards used to purchase Tama tokens. To grow the memecoin ecosystem on Ronin, initiatives such as liquidity incentives are being considered. Proper development of memecoins could bring significant long-term benefits.
Memecoins can have a positive impact on the ecosystem if developed wisely. The community must remain cautious while supporting innovative solutions.
