Toshi began its journey as a memecoin inspired by Coinbase co-founder Brian Armstrong's cat. However, it quickly grew into something more on the Base L2 network.
Journey from Meme Coin to DeFi Platform
When Toshi launched in 2023 on Base, some dismissed it as just another memecoin. But by February 2025, it became one of the most actively traded tokens on Base. Initially created as a tribute to Brian Armstrong's cat and Bitcoin creator Satoshi Nakamoto, Toshi quickly became a significant player in the Base ecosystem.
Token Distribution and Supply
Out of 542,569 token holders, 21 hold more than 1% of the supply, and 14 hold between 0.5 and 1%. This indicates a relatively concentrated distribution, though the number of holders continues to grow. The project launched with a total supply of 420.69 billion tokens and gained significant momentum after the Coinbase listing announcement last month.
Real-World Tools and Toshi's Future
What sets Toshi apart from many memecoins is its comprehensive suite of DeFi tools and services. The cornerstone is Toshi Mart, a unique memecoin launchpad on the Base network. The ToshiTools suite includes a Locker system for secure token locking, a Multisender tool for mass transactions, and a Token Launcher for simplified token creation and fundraising. The platform is also moving towards a decentralized autonomous organization structure through MEOW DAO, allowing participants to engage in project governance.
Toshi has successfully integrated into the Base Network and provides functional DeFi infrastructure. However, the project faces market challenges, including price volatility and competition. Future success will depend on continued technical development and maintaining a user base.
