Yes, it is possible to share a single instance of Memcache between multiple projects. Memcache is a memory store space, and you can run memcache on one or more servers. You can also configure your client to speak to a particular set of instances. So, you can run two different Memcache processes on the same host and yet they are completely independent. Unless, if you have partitioned your data, then it becomes necessary to know from which instance to get the data from or to put into.
