Base Chain Rises: TVL Tops Layer 2 Ecosystem Projects Fully Blooming

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Comprehensive Analysis of the Base Chain Ecosystem: From TVL Breakthrough to Star Projects

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

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

Overview of Base Chain

Base Chain is a Layer 2 solution built on the OP Stack development toolkit. It utilizes Optimistic Rollups technology, offering high Ethereum compatibility and low computational complexity. As the second core development team to join the OP Stack and Superchain development, Base is dedicated to enhancing the activity of the Superchain and advancing the growth of the developer ecosystem.

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

Key Data Analysis

TVL

The TVL of Base chain surged significantly after September, increasing from $1.419 billion to $2.388 billion, a growth of 68.28%.

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

Number of on-chain addresses

The number of on-chain addresses significantly increased after August, rising from 24.55 million to 74.88 million, with a growth rate of 205.01%.

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

On-chain income

The revenue of the Base chain has increased from 19.78 million USD in March to 76.55 million USD now, a total increase of 287%, with 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 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

The per second transaction volume of Base ( TPS ) is 66.28, performing the best in the Ethereum ecosystem.

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

The Importance of USDC in the Base Ecosystem

Circle officially announced support for the Base chain, natively issuing USDC on the chain. The DEX trading volume of USDC on the Base chain has exceeded $20 billion, making a significant contribution to the prosperity of the ecosystem.

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

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

Base Ecosystem Project Analysis

The Base chain ecosystem encompasses multiple fields including wallets, bridging, DeFi, gaming, DAO, etc., with a total of 323 Dapps.

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

DeFi project

  • Aerodrome: A DEX that uses the Ve(3,3) model, with TVL accounting for more than half of the Base chain.
  • Morpho Blue: A decentralized lending protocol that offers permissionless risk management and market creation mechanisms.
  • Extra Finance: Provides leveraged lending and automatic compound leverage yield aggregation services.

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

Meme coin project

Meme coin projects like TYBG, Degen, and Brett frequently appear on the Base chain, attracting a large amount of market traffic in a short period.

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

SocialFi project

  • friend.tech: Allows users to monetize social value by purchasing keys of Twitter users.
  • Farcaster: A decentralized social networking protocol that uses Frames plugins to enhance user experience.

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

Coinbase's AI Innovations

Coinbase has launched the Based Agents service, allowing users to quickly create AI agents on the Base chain. Virtuals Protocol is currently one of the most popular AI agent products.

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

Summary

Base chain, supported by Coinbase, innovative technology applications, and a diverse range of ecological projects, has become one of the most promising Layer 2 solutions in the Ethereum ecosystem. It has performed excellently in key metrics such as TVL, user growth, and trading volume, providing strong infrastructure support for the development of decentralized finance and Web3.

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

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Rekt_Recoveryvip
· 08-10 19:20
lost my house in may crash... but hey, base might save my portfolio ngl
Reply0
token_therapistvip
· 08-09 07:13
Wow, base is really To da moon!
View OriginalReply0
LadderToolGuyvip
· 08-09 07:13
Wow, this is really amazing!
View OriginalReply0
PhantomMinervip
· 08-09 07:08
Place hope on layer2.
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GateUser-74b10196vip
· 08-09 07:05
Another one that is making money under the guise of ecology.
View OriginalReply0
PerpetualLongervip
· 08-09 07:02
Full Position buy the dip no regrets, tvl clearly rise to the sky. bearish traders are going bankrupt next.
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RektRecordervip
· 08-09 06:53
Is base that powerful?
View OriginalReply0
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