Toshi, a memecoin that started as a tribute to the cat of Coinbase co-founder Brian Armstrong, has grown into a significant project on the Base L2 Network.
From Memecoin to DeFi Platform
Launched in 2023 on Base, Coinbase's Layer-2 Ethereum network, Toshi was initially seen as just another memecoin. By February 2025, it had become one of the most actively traded tokens. The name cleverly nods to both Armstrong's pet and Bitcoin creator Satoshi Nakamoto. Toshi has established itself as a serious player in the Base ecosystem.
Token Distribution
Out of 542,569 holders, 21 addresses hold more than 1% of the supply, and 14 addresses hold between 0.5-1%. This indicates a relatively concentrated distribution among large holders, while the project has a growing base of smaller investors. The project launched with a total supply of 420.69 billion tokens and saw significant momentum after its Coinbase listing announcement, though prices have since adjusted.
Real-World Tools and Opportunities of Toshi
What sets Toshi apart is its comprehensive suite of DeFi tools and services. The platform has developed several key components providing practical utility: Toshi Mart and DeFi Infrastructure, Advanced DeFi Tools Suite, and Governance and Community Participation through MEOW DAO.
Despite initial expectations, Toshi has turned into a significant project with real utility. Its future success depends on continued technical development and user base retention.
