Base chain TVL tops Layer 2. See how Coinbase's incubation project leads the Web3 ecosystem.

Base Chain: Comprehensive Analysis of the Top Layer 2 Star Projects and Their Ecosystems with Breakthrough TVL

Base chain, as a project incubated by Coinbase, aims to become an important part of the Optimism superchain. According to the latest data, the TVL of Base chain has surpassed established Layer 2 projects such as Arbitrum and Optimism, making it the current number one Layer 2 solution in TVL rankings.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

Introduction to Base Chain

Base chain is built on the Optimism OP Stack development toolkit and adopts Optimistic Rollups technology. This technology is highly compatible with Ethereum, facilitating dApp migration, while having low computational complexity, making it suitable for executing general smart contracts and complex computation tasks. Base, as the second core development team to join the OP Stack and Superchain development, is committed to enhancing the activity, value, and growth of the developer ecosystem of the Superchain.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

Base Chain Data Analysis

TVL

The TVL of the Base chain surged significantly after September, increasing from $1.419 billion to $2.388 billion, a growth of 68.28%. This increase ranks Base first in TVL growth among all ETH-Layer 2s, indicating its rapid development.

Base Chain: The Layer 2 Star Project with the Highest TVL, Comprehensive Analysis of Ecological Development

On-chain address count

The number of addresses on the Base chain surged from 24.55 million after August to 74.88 million, an increase of 205.01%. This indicates that users are optimistic about the development prospects of Base, and there may be a certain wealth creation effect on the chain.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

on-chain income

Base chain revenue increased from 19.78 million dollars in March to 76.55 million dollars in October, a total increase of 287%, with an average monthly increase of 41%. This reflects the rapid growth of Base revenue as the number of users and activities increases.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

weekly trading volume

The weekly trading volume of the Base chain increased from 13.45 million in May to 47.06 million in October, a total increase of 249%, with an average monthly increase of 49%. The trading volume continues to grow rapidly.

Base Chain: The Layer 2 Star Project with the Highest TVL, Comprehensive Analysis of Ecological Development

On-chain performance

The TPS of Base reached 66.28, surpassing other chains, making it the best-performing in the Ethereum ecosystem.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

Circle(USDC)'s support for Base

Circle fully supports the Base chain, including:

  • Native issuance of USDC on Base
  • Implement the CCTP cross-chain transfer protocol
  • Collaborating with Stripe to bring USDC to the Base platform
  • Supports cross-border payments in over 150 countries
  • Provide convenient fiat entry and diversified payment methods

These measures have driven the DEX trading volume of USDC on the Base chain to surpass $20 billion, making an important contribution to the prosperity of the Base ecosystem.

Base Chain: The Layer 2 star project with the highest TVL, comprehensive analysis of ecological development

Overview of Base Chain Ecosystem

The Base chain ecosystem covers multiple fields including Wallet, Bridge, DeFi, Gaming, DAO, Infrastructure, Social, Security, NFT, etc., with a total of 323 Dapps. The main tracks include:

Base Chain: The Layer 2 star project with the highest TVL, comprehensive analysis of ecological development

DeFi track

Main Projects:

  • Aerodrome: The first DEX on the Base chain, using the Ve(3,3) model.
  • Morpho Blue: Decentralized Lending Protocol
  • Extra Finance: Leverage lending and automatic compounding leverage yield aggregation protocol

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

Meme Coin track

Meme coin projects such as TYBG, Degen, and Brett frequently appear on the Base chain, attracting a large amount of market traffic.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

SocialFi track

  • friend.tech: a decentralized social platform that allows users to monetize social value by purchasing Twitter user keys.
  • Farcaster: Decentralized social network protocol that uses hybrid storage technology and Frames plugins.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

Coinbase's Innovations on the Base Chain

Coinbase has launched the Based Agents service, allowing users to quickly create AI agents on the Base chain. The Virtuals Protocol, as the most popular AI agent product on the Base chain, focuses on the creation, deployment, and monetization of AI agents.

Base Chain: The Layer 2 star project with the highest TVL, a comprehensive analysis of ecological development

Summary

Base chain, with the support of Coinbase, innovative technology applications, and a rich variety of ecological projects, has become one of the most promising Layer 2 solutions in the Ethereum ecosystem, providing strong infrastructure support for the development of decentralized finance and Web3.

Base Chain: The Layer 2 Star Project with the Highest TVL, Comprehensive Analysis of Ecological Development

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
CryptoSourGrapevip
· 08-13 19:46
If I had bought the dip on base earlier, I wouldn't have to eat grass every day. Sigh, I really gain more experience the more I lose.
View OriginalReply0
LayerHoppervip
· 08-13 19:46
Another bull comes to L2
View OriginalReply0
retroactive_airdropvip
· 08-13 19:45
Give me an Airdrop.
View OriginalReply0
MoonBoi42vip
· 08-13 19:35
This newcomer Base actually defeated the seniors.
View OriginalReply0
WhaleStalkervip
· 08-13 19:26
If you haven't made money, you don't deserve to be called a star!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)