BASE Chain has a new contender—$BYTE just hit the network, and the tokenomics are worth examining. Grok and Cliza Systems launched this one, with a notable structural play: 40% of total supply sits under Grok's control, which typically signals aligned incentives with long-term holders. What's catching attention is the daily burn mechanism built into the contract. Deflationary tokens reduce circulating supply over time, creating natural scarcity pressure—assuming the burns scale meaningfully. Markets are already pricing in the meme factor here. Dog-themed tokens on Layer 2 chains have proven sticky, especially when the community engagement stays genuine. Conservative estimates float a $100m market cap as plausible upside, though that assumes sustained adoption and sustained burn velocity. Right now it's early—watch the daily burn rates and how closely Grok maintains its large holding. That'll tell you whether this is a structured play or a typical pump scenario.