Unstoppable Domains, a leading player in the blockchain industry, has partnered with Basenji to bring .benji to the Base Blockchain.
Basenji is a highly popular meme coin with a market cap of over $28 million while Unstoppable Domain is the biggest onchain domain name provider.
The partnership will let .benji domain owners enjoy native support across 865 applications, wallets, and games. These users will also join an exclusive group chat to provide community engagement and networking opportunities. In a statement, Sandy Carter, the Chief Operating Officer at Unstoppable Domains said:
“Who let the .Benji out? We’re thrilled to lead the way with the first memecoin top-level domain on Base. This launch stems from our vision of onboarding more users at the intersection of meme culture and practical blockchain utility.”
The partnership between Basenji and Unstoppable Domains came at a time when Base is seeing strong growth. Data by DeFi Llama shows that it has become the fourth-biggest player in the DEX industry.
DEX applications handled transactions worth over $3.72 billion in the last seven days, making it bigger than ThorChain, Sui, Polygon, Avalanche, and Solana.
Base, which was launched by Coinbase, has also become the fifth biggest network in terms of stablecoins. It has over $3.6 billion in stablecoins. Only Ethereum, Tron, BNB Chain, and Solana are bigger.
Stablecoin market cap is important because of their crucial role in the crypto industry. These coins have become the default medium of exchange in the crypto industry, with daily volume surpassing $50 billion.
Additional data shows that Base has become the sixth biggest player in the DeFi industry with over $2.2 billion in assets. It has become a bigger platform than popular networks like Cardano, Cronos, Avalanche, and Polygon. This is notable since Base has been in the industry for just a year.
Analysts believe that Basenji has more room to grow as it mirrors the performance of Brett, a meme coin that has a market cap of over $800 million.
