Toshi, inspired by Coinbase co-founder Brian Armstrong's cat, has become a significant player on the Base L2 Network, thanks to its unique DeFi tool ecosystem.
Evolution from Memecoin to DeFi
Launched in 2023 on Coinbase's Ethereum Layer-2 network Base, Toshi was initially seen as just another memecoin. However, by February 2025, it emerged as one of the most actively traded tokens on the platform. Named after both a cat and Bitcoin creator Satoshi Nakamoto, Toshi has developed into a significant project within the Base ecosystem.
Toshi's 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 concentration among large holders, with a growing base of smaller investors. The total supply is 420.69 billion tokens, attracting interest with its Coinbase listing, though prices have since stabilized.
Innovative Toshi Tools
Toshi stands out for its multifunctional DeFi tools. These include Toshi Mart, a memecoin launchpad on the Base network, and the ToshiTools suite. The tools feature a Locker system for token locking, a Multisender tool for large transactions, and a Token Launcher for simplified token creation. Transitioning to MEOW DAO allows community governance involvement.
Toshi has successfully integrated into the Base Network while developing its DeFi tools, although it faces competitive and market challenges. Long-term success relies on further technical development and user adoption.
