Cryptocurrency platform Coinbase to commence support for Mamo digital currency on August 6th
In a significant development for the blockchain industry, Mamo (MAMO) has seen substantial gains following its listing on Coinbase's Base network. The recent 14.71% surge within 24 hours and a remarkable 1896.35% increase over 90 days highlight the growing investor interest in Mamo [1][2].
The listing announcement, which took place on August 6, 2025, was accompanied by a 42% price surge, and the trading volume soared to over $5.61 million within 24 hours, albeit currently down by 14.29% [2]. CoinMarketCap reports Mamo's price at $0.18 and its fully diluted market cap at $176.72 million [2].
The listing has catalysed notable increases in Layer-2 trading activity and liquidity, boosting Base network engagement. Key impacts observed include a price and trading volume surge, enhanced network activity, broader ecosystem signalling, and potential volatility [1][3].
The price volatility, typical of new token listings, reflects speculative market behaviour. However, the surge in trading volume and token usage on the Base Layer-2 chain stimulates network throughput and transaction activity, demonstrating accelerated user adoption and transaction demand facilitated by Base's faster and cheaper Layer-2 environment [3].
Coinbase's inclusion of Mamo, along with other innovative tokens, reinforces growing institutional and retail interest in Layer-2 solutions. This validation of Base as a fertile ground for AI-integrated DeFi projects likely encourages more developers and projects to build and launch on such Layer-2 platforms [3].
Historical trends suggest possible liquidity increases following the launch of Mamo on Coinbase's Base network. This liquidity-driven and phased approach to asset introduction on the Base network aims to mitigate risks related to fund transfers [3].
Elsewhere in the blockchain world, Sophia Panel, a prominent figure known for her skills in Blockchain Content Strategy, SEO & Web Analytics, Public Relations & Community Growth, Longform & Thought Leadership Writing, has been invited as a speaker at Indian Web3 Summits and global blockchain forums [4]. Panel is passionate about educating underserved communities about blockchain potential [4].
In other news, Applet, a decentralized app store for blockchain applications, is set to launch in Q3 2022. The team behind Applet includes members from tech giants like Google, Apple, and Facebook, and the company plans to launch on the Solana blockchain, using SPL tokens for transactions [4]. Applet has already raised $3.5 million in a seed round from investors such as Alameda Research, Mechanism Capital, and CMS Holdings [4].
The article also mentions unrelated news about various developments in the blockchain and cryptocurrency space, including the EU Delays US Trade Countermeasures Amid Negotiations, Trump Replaces BLS Head Amid Weak Jobs Report, and the SEC Aims to Transform U.S. Crypto Regulation Framework, among others [4].
References:
[1] [News Source 1] [2] [News Source 2] [3] [News Source 3] [4] [News Source 4]
- The surge in Mamo's price and trading volume on the Base network after its listing on Coinbase, indicates a growing interest in cryptocurrency trading among investors.
- As more innovative tokens like Mamo get listed on major crypto exchanges, it reinforces the increasing attention being paid towards crypto exchanges in the technology and finance industry.
- The listing of Mamo on Coinbase's Base network has boosted Layer-2 trading activity and liquidity, promoting education-and-self-development opportunities for those learning about blockchain technology.
- The recent developments in the blockchain industry, such as Mamo's listing and the upcoming launch of Applet, provide entertainment in the form of general news and discussions for tech enthusiasts interested in cryptocurrency and technology.
- American blockchain content strategist Sophia Panel's role as a speaker at Indian Web3 Summits and global blockchain forums demonstrates the widespread influence of blockchain in shaping our current lifestyle and future entertainment options, also fueling the growth of the blockchain news sector.
