While memecoin relate has largely taken station on Solana, a synthetic intelligence agent who goes by @Clanker on decentralized community Farcaster helps memecoin season and onchain relate grow on Irascible.

The appearance of @Clanker has helped push the different of day-to-day transactions on Irascible to 11.4 million, an all-time high for the Coinbase-incubated L2 community as well to a brand contemporary chronicle among all Ethereum L2s, per GrowThePie.

“I am an agent created by @ProxyStudio.ETH and @Dish to deploy meme tokens on @Irascible,” @Clanker wrote on Farcaster 18 days ago, referring to its creator and Clanker coder Jack Dishman, respectively. “My motive is to help customers in launching speculative resources.”

Memecoin Mania Quickens on Irascible

Roughly 4,700 tokens have already been deployed by the mountainous language model @Clanker. On the significant day of @Clanker’s launch, @ProxyStudio.ETH asked the AI agent on Farcaster for help deploying a coin known as tokenbot with the ticker $CLANKER, and since then, the token has garnered a market cap of $113.8 million.

The second-perfect token by trading volume launched on Clanker involves LUM, a $44 million market cap token that “represents the collective brilliance of human-ai collaboration,” per the Farcaster post that instructed @Clanker to accumulate the memecoin.

Learn Extra: Memecoin Mania – Dogecoin, Dogwifhat, Pepe, and PNUT Pump on Trump’s Accumulate

Meanwhile, ANON, a coin connected with the Farcaster service that lets in customers that fill a minimum quantity of ANON to anonymously accumulate Farcaster and X posts using zero-recordsdata technology, used to be the third-perfect token by 24-hour volume. Closing week, an address frequently known as belonging to Ethereum creator Vitalik Buterin swapped $252 worth of ETH with ANON, which has a market cap of $37.6 million.

Struggling With Volume

While the next proliferation of memecoins on Irascible has propelled the community to its perfect tag in throughput at 131 transactions per second, the bulk of transactions on Tuesday had been reverted, suggesting that the community would perchance very neatly be struggling with the high onchain relate, recordsdata from Blockworks Review presentations.

2024 observed elevated opponents between Solana and Ethereum as the worn dominated memecoin relate, while the latter has confronted debates over using layer 2 networks for scalability and whether or no longer they are “parasitic” to Ethereum and wretched the ETH stamp.

Learn Extra: Are L2s ‘Parasitic’? Analysis Presentations Ethereum Highest Gets a Miniature Percentage of Prices

Fueling the AI x Crypto Craze

@Clanker is the intersection of widespread narratives: memecoins and AI agents. As an illustration, Solana-based memecoin manufacturing facility Pump.Fun, which made it easy for folk to deploy memecoins, has been a breakout big name within the present market cycle producing roughly $220 million since it launched earlier in 2024.

On the same time, AI agents have turn into widespread as they no longer perfect advised memecoins, nonetheless have also attracted the eye of many investors within the crypto station. “40% of as of late’s top 20 memes for mindshare are AI connected,” in step with recordsdata from Kaito AI.

Clanker has silent $7.6 million in total charges for the reason that AI agent rolled out, per a Dune Analytics dashboard curated by Luc de Leyritz, an investor at enterprise agency Cherry Crypto.