The Rise of Base Chain: TVL at the Top, Ecosystem in Full Bloom

Comprehensive Analysis of Base Chain Ecosystem Development

Base chain is a project incubated by Coinbase, aiming to become part of the Optimism superchain. The development of Base chain is rapid, and according to the data, its TVL has surpassed several established Layer 2 projects, making it the current number one Layer 2 project in terms of TVL ranking.

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

Introduction to Base Chain

Base Chain is a Layer 2 solution built on the OP Stack development toolkit supported by Optimism. It utilizes Optimistic Rollups technology, offering advantages such as easy compatibility with Ethereum and low computational complexity. Base has joined as the second core development team in the development of OP Stack and Superchain, aiming to enhance the activity of the superchain and promote the growth of the developer ecosystem.

On-Chain Data Analysis for Base

TVL

The TVL of the Base chain saw a significant increase after September, growing from $1.419 billion to $2.388 billion, an increase of 68.28%. Among all ETH-Layer2s, Base ranks first in TVL growth.

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 saw a significant increase after August, rising from 24.55 million to 74.88 million, a growth rate of 205.01%. This indicates that the number of on-chain users has more than doubled in the past three months.

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

Base chain income

Base chain revenue increased from 19.78 million dollars in March to 76.55 million dollars now, with a total increase of 287%, and an average monthly increase of 41%.

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

weekly trading volume

The weekly trading volume on the Base chain has increased from 13.45 million in May to 47.06 million now, with a total increase of 249% and an average monthly increase of 49%.

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

On-chain performance

Base's TPS reached 66.28, surpassing the performance of other chains, making it the best performer in the entire Ethereum ecosystem.

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

Circle's Support for Base

Circle officially announced support for the Base chain, issuing USDC on the Base chain. USDC is natively available on the Base chain, greatly simplifying operations and improving efficiency. Circle has also developed CCTP to enable the secure transfer of USDC across different blockchains.

Coinbase has partnered with Stripe to bring USDC to the Base platform, enabling faster and cheaper cross-border transfers and quick conversion from dollars to cryptocurrency.

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

The ecological situation of the Base chain

The Base chain ecosystem is comprehensive, including multiple tracks such as Wallet, Bridge, Defi, Gaming, Onramp, Dao, Infra, Social, Security, and NFT, with a total of 323 Dapps.

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

DeFi track

Major projects include Aerodrome, Uniswap, and Morpho Blue.

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

Meme Coin Track

Meme coin projects with very high popularity frequently appear on the Base chain, attracting a large amount of market traffic.

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

SocialFi track

The main projects include friend.tech and Farcaster, bringing a large number of new users and funds to the Base chain.

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 is one of the most popular AI agent products on the Base chain.

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

Summary

Base Chain, launched by Coinbase as an Ethereum Layer 2 network, has developed rapidly since its inception. It has performed excellently in key metrics such as TVL, user growth, and trading volume, surpassing many established Layer 2 projects. The Base Chain ecosystem covers several popular sectors including DeFi, Meme coins, and SocialFi, and actively explores the combination of AI and blockchain. With the support of Coinbase, innovative technological applications, and a rich variety of ecosystem projects, Base has become one of the most promising Layer 2 solutions in the Ethereum ecosystem.

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

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

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BagHolderTillRetirevip
· 8h ago
Is being first in TVL necessarily the best? Hehe
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BlockchainRetirementHomevip
· 8h ago
The development speed is indeed outrageous.
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0xSherlockvip
· 8h ago
Base is really awesome!
View OriginalReply0
SatoshiSherpavip
· 8h ago
The big Base is about to soar!
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MetaMiseryvip
· 8h ago
I originally didn't have high hopes for base, but it's great!
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NFTArchaeologistvip
· 8h ago
base has already laid flat
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LightningLadyvip
· 8h ago
bullish base, my intuition is sharp
View OriginalReply0
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