Base Chain: The New Star Project of Layer 2 with a TVL Breakthrough

Base chain, launched by Coinbase, is an Ethereum Layer 2 network built on the Optimism OP Stack. Since its launch, it has developed rapidly. As of now, Base has performed outstandingly in key metrics such as TVL, user growth, and trading volume, surpassing several mature Layer 2 projects.

Overview of Base Chain

Base chain is a Layer 2 solution developed based on the Optimism technology stack. It utilizes Optimistic Rollups technology and features high compatibility and low computational complexity. Base aims to become an important part of the Optimism superchain and works with teams such as OP Labs to advance the developer ecosystem.

Key Data Performance

• TVL: Increased from 1.419 billion to 2.388 billion, an increase of 68.28%
• On-chain addresses: Increased from 24.55 million to 74.88 million, a growth of 205.01%
• On-chain revenue: Increased from $19.78 million to $76.55 million, an increase of 287%
• Weekly trading volume: Increased from 13.45 million to 47.06 million, a growth of 249%
• TPS: 66.28, performs best in the Ethereum ecosystem

These data show that the Base chain is in a booming development stage, with continuous increases in capital inflow and user activity.

Ecosystem Overview

The Base chain ecosystem covers multiple fields, including popular tracks such as DeFi, Meme coins, SocialFi, etc., with a total of 323 Dapps.

DeFi track

Main projects include:

• Aerodrome: The first DEX on the Base chain, using the Ve(3,3) model.
• Morpho Blue: Innovative Decentralized Lending Protocol
• Extra Finance: Provides leveraged lending and yield aggregation services

Meme Coin Track

Meme coin projects such as TYBG, Degen, etc. are emerging frequently on Base, attracting a large number of users to participate.

SocialFi track

• friend.tech: Monetizing social value through tokenization
• Farcaster: A decentralized social network protocol that introduces the DEGEN token to enhance ecological activity.

Coinbase's Innovations

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

Conclusion

With the support of Coinbase, innovative technology applications, and a diversified ecosystem, Base chain has become one of the most promising Layer 2 solutions in the Ethereum ecosystem. It provides strong infrastructure support for the development of decentralized finance and Web3, and its future development is worth looking forward to.