There's a new player in the crypto world: Toshi, a memecoin turned full-fledged DeFi platform on the Base L2 Network, starting as a tribute to Brian Armstrong's cat.
From Meme to DeFi Platform
When Toshi launched in 2023 on Base, Coinbase's Layer-2 Ethereum network, it was written off by many as just another memecoin. Fast forward to February 2025, and Toshi has become one of the most actively traded tokens on Base, garnering significant attention and support. The name Toshi cleverly nods to both Brian Armstrong's cat and Bitcoin creator Satoshi Nakamoto.
Token Distribution and Supply
Toshi launched with a total supply of 420.69 billion tokens. Out of 542,569 holders, 21 addresses hold more than 1% of the supply, indicating a relatively concentrated distribution among large holders, although the base of smaller holders is also steadily growing. The Coinbase listing in January 2025 provided a boost to the project.
Toshi's Real-World Tools and Growth
Toshi stands out among typical memecoins with its comprehensive suite of DeFi tools. The platform's cornerstone is Toshi Mart, a memecoin launchpad on the Base network. Additionally, the ToshiTools collection includes features such as the Locker system for secure token storage and the Multisender for efficient large-scale transactions. The platform is moving toward a decentralized autonomous organization structure via MEOW DAO, enabling community participation in governance.
Toshi has promising prospects due to its functional DeFi infrastructure and active community engagement. However, future success will depend on continued technical development and user adoption in a competitive market environment.
