The Rise of Base Chain: In-Depth Analysis of the Layer 2 Project with the Highest TVL Ranking

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Base Chain: Analysis of the Most Popular Layer 2 Projects

Base chain is an Ethereum Layer 2 network launched by Coinbase and built on the Optimism OP Stack. Since its launch, Base chain has developed rapidly, performing excellently on multiple key metrics, surpassing several established Layer 2 projects.

Base Chain Data Performance

According to Defilama data, the TVL of the Base chain has exceeded $2.3 billion, ranking first among ETH-Layer 2. The number of on-chain addresses has grown from 24.55 million to 74.88 million, an increase of 205%. On-chain revenue has increased from $19.78 million to $76.55 million, an increase of 287%. Weekly trading volume has grown from $13.45 million to $47.06 million, an increase of 249%.

In terms of performance, the Base chain TPS reaches 66.28, making it the best performer among all Ethereum ecosystems. The number of weekly active addresses is also showing steady growth. These data indicate that the Base ecosystem is in a flourishing development stage.

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, a comprehensive analysis of ecological development

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

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

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

The Application of USDC on the Base Chain

Circle has natively issued USDC on the Base chain and achieved cross-chain transfer through CCTP. Coinbase has partnered with Stripe to bring USDC to the Base platform, enabling faster and cheaper cross-border transfers. As of October 2024, the trading volume of USDC on the DEX of the Base chain has exceeded $20 billion, and the number of USDC holders continues to grow.

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

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

Overview of Base Chain Ecosystem

The Base chain ecosystem is already very complete, including multiple tracks such as Wallet, Bridge, DeFi, Gaming, etc., with a total of 323 Dapps. The main ecosystem projects include:

  • DeFi: Aerodrome, Uniswap, Morpho Blue, etc.
  • Meme coins: TYBG, Degen, Brett, etc.
  • SocialFi: Friend.tech, Farcaster, etc.

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

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

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

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, a comprehensive analysis of ecological development

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

Innovations of Coinbase

Coinbase has launched the Based Agents service, allowing users to quickly create AI agents on the Base chain. The Virtuals Protocol is currently the most popular AI agent product, providing a new economic model for AI agents through tokenization.

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

Summary

The Base chain, supported by Coinbase, innovative technology applications, and a wealth 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.

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PerpetualLongervip
· 3h ago
Full Position Base is all set. TVL has won big. Bearish traders and retail investors still haven't run.
View OriginalReply0
GlueGuyvip
· 3h ago
It's rare that CBDC has made something that can actually run.
View OriginalReply0
GweiTooHighvip
· 3h ago
This gas fee is outrageous.
View OriginalReply0
ImpermanentPhilosophervip
· 3h ago
The TVL is so high that it can't run, right?
View OriginalReply0
ShitcoinConnoisseurvip
· 3h ago
Is 2.3 billion even worthy of being called the first? If you don't have any strength, don't try to ride the wave.
View OriginalReply0
AirdropFreedomvip
· 3h ago
It's already 2.3 billion before the group has even started. Let's go!
View OriginalReply0
0xSunnyDayvip
· 3h ago
The boss is making a strong push, let's get it done.
View OriginalReply0
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