jakiro
Jessy, bitchain vision
According to Artemis data, the net capital inflow of the Base chain of the Ethereum Layer 2 project surpasses Solana.
Not only that, the number of TVLs on Base chains has now ranked first in Ethereum Layer2.According to L2BEAT data, Base Chain’s TVL has grown rapidly in the past three months, with its TVL growing nearly six times since March 2024, from $1.3 billion to $7.6 billion.According to DefiLlama data, as of December 3, 2024, TVL on the Base chain has exceeded US$3.653 billion.
According to Dune data (@watermeloncrypto), the weekly active addresses on the Base chain have surged from 300,000 in January to 6.57 million in November, an increase of more than 2,000% so far.
The total number of contracts created on the same Base chain has increased significantly in the past three months.At the end of September 2023, the total number of contracts exceeded 20 million, and at the beginning of October, it exceeded 30 million, and by November 29, 2024, the number of contracts created on the chain was 97.5 million, which means the total number of contracts increased in the past three months.More than 60%
There is no doubt that Base has become one of the best public chains to develop.
Technically speaking, as Ethereum’s layer2, it has the characteristics of faster speed and lower gas. In addition, it has the endorsement of the Coinbase brand, so a large number of users are willing to use the chain.
Previously, the base was famous for its Meme coin, and there were many Pixiu plates.And now, Base has become a source of innovation.
The Bitchain Vision summarizes the current major protocols and innovations of Base Chain.The continuous inflow of funds and the vigorous development of the on-chain ecosystem also indicate that the Big Golden Dog will be generated on this chain, and paying attention to the Base ecosystem may also grasp the next wealth code.
The most prominent applications on the Base chain are SocialFi and Meme coin.It can be seen from this that Base is a very friendly public chain.The reason why this kind of public chain temperament has a lot to do with its backing to Coinbase.And it is precisely because of the social networking and Meme Coin that there are very active real users on Base.
social contact
Base has a wide range of socialfi products, such as Friend.Tech, Fren Pet, Builder Fi, Aerodrome Finance and other projects, all have their own development priorities. Some focus on the combination of social finance, while others create social tools for developers.wait.Farcaster is the hottest social protocol on Base at present.
Farcaster
This is a decentralized social protocol installed on Base. Based on this protocol, some Dapps have been generated, and the more well-known one is Warpcast.
At present, in addition to the general decentralized social functions in the protocol, there are also some new innovations that are emerging, such as the one-click coin issuance function that can send coins by sending messages.
Users simply tag Clanker, an AI-powered “Token Bot” on Farcaster clients such as Warpcast or Supercast, and tell them the token idea, and it will launch the token on Base.It is this innovation that has brought about a new explosion in the Base ecosystem this month.
Currently, the situation of Meme launched through this launch platform is as follows:
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Number of Issues: As of November 27, 2024, the number of meme coins released in the Clanker system has exceeded 4,258.
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Top three tokens and market value: (Data source Coingecko)
Fren Pet
It is a decentralized social platform where users can earn economic rewards through social activities. It uses tokens to incentivize participation and promote community development. A strong community governance model allows users to contribute ideas and participate in key decisions, building a multi-dimensional and capableContinuous social ecosystem.
Builder Fi
Focusing on supporting developers and creators to build de-DApps, providing a comprehensive toolkit for developing and deploying DApps, while creating profit opportunities for developers and content creators, encouraging collaboration and innovation, and driving the blockchain ecosystem and usersCommunity growth.
Aerodrome Finance
Combining social networks with financial services provides a decentralized market for social tokens and investments. Users can trade tokens, invest in social projects, and earn rewards based on their social influence, promoting finance and socialThe integrated development of interaction.
AI
At present, there are many types of AI-related products on Base, which can be divided into infrastructure and development tools (such as the AI computing resource network Atoma Network), finance and payment (such as AI Wallets launched by Coinbase), creation and entertainment, and gaming.etc.
The most popular AI protocol on base is Virtuals Protocol, which is focused on introducing the social protocol.
Virtuals Protocol
It is a Base-based AI protocol.Virtuals Protocol has two main product features: 1) As a shared ownership layer of AI agents, representing a long-term roadmap of the protocol; 2) As an AI agent launchpad, anyone can easily deploy AI agents, similar to Pump.Fun acts as a memecoin launch pad.
A key factor in the rise of Virtuals Protocol is their AI agent Luna (LUNA).Luna is an AI character based on LLM technology. Luna, a virtual idol IP with more than 500,000 fans of TikTok, plays visual virtual characters 24 hours a day, communicates with users in real time, and brings a new experience beyond pure text communication through audio-visual stimulation.
Related token introduction
2In 24, AI projects on the Base chain ushered in rapid development.Virtuals Protocol tokensVIRTUALThe market value was around US$1.4 billion on December 3; its AI proxy token LUNA also performed well, with a market value of over US$60 million on December 3.The popularity of Virtuals Protocol has driven the AI craze in the Base ecosystem, and has attracted more developers and project parties to pay attention and enter Base’s AI field.
Atoma Network
The decentralized, scalable, license-free AI computing resource network provides powerful computing power support for AI projects, helping to solve the problem of the need for a large number of computing resources during AI training and operation.
Covalent
Modular data infrastructure, used to solve the verifiability problem of AI, ensures the accuracy and credibility of the data on which AI models are trained and decided by providing reliable data sources and verification mechanisms1.
Nani.ooo
The operating system designed for on-chain AI agents and cryptographic automation provides AI agents with the underlying infrastructure to perform on-chain operations and automate cryptocurrency transactions, allowing AI agents to interact and perform tasks more efficiently with the blockchain network.
AI Wallets(Coinbase)
The AI wallet launched by the Coinbase developer platform provides cryptocurrency wallet capabilities for autonomous AI-based agents, allowing AI agents to transfer value and manage assets, making it easier for AI to apply it in financial transactions.
Aperture Finance
The DeFi protocol based on intent adopts an AI-driven intelligent liquidity management system. Users can express their investment intentions in natural language and automatically complete complex DeFi operations, lowering the threshold for ordinary users to participate in DeFi investment.
Zotto.ai
Intent-driven intelligent agent center, integrated with perpetual contract exchanges, AI agents can automate trading strategies, position management, governance voting and reward collection operations, support up to 25 times of leverage, and ensure security through account abstract technology.
DeFi
At present, the DeFi projects on Base have ushered in a big explosion, especially the rise of projects such as Aerodrome has driven the activity and innovation capabilities of the entire ecosystem.The DeFi products on Base mainly include the lending protocol Moonwell and the income aggregator Beefy Finance.
Among them, the strongest development trend is DEX Aerodrome. According to DefiLlama data, it currently ranks first, contributing about 43% of BaseTV L volume, and it is Aerodrome.
Aerodrome
It combines the advantages of Curve, Convex and Uniswap V2 into one AMM.It adopts the Ve(3,3) model, and its Ve(3,3) mechanism is based on Curve’s veCRV model and OlympusDAO’s 3v3 mechanism, and has been optimized and adjusted to adapt to ecological development.This mechanism provides a unique reward model that promotes the stable development of the ecosystem by incentivizing long-term holders and active governance users.Aerodrome also helps users optimize asset management and participate in liquidity mining activities through efficient liquidity management tools.
Moonwell
It is an open lending DeFi protocol built on Moonbeam, Moonriver and Base, allowing assets within the Polkadot ecosystem to be used as collateral in DeFi applications. Its user base grows rapidly and TVL is also high, providing users with convenience.lending services make assets more productive and can be combined with other ecosystems.
Avantis
As a platform with the front-end CEFI and the back-end DEFI, it is a leading market maker, covering a variety of assets, allowing traders to use complex financial derivatives, such as perpetual contracts, and providing leverage up to 1:100, and also innovativeSexually launch loss protection services, and cooperate with Chaos Labs to protect liquidity sources and ensure transaction security.
Beefy Finance
It is a multi-chain income optimizer that can help users obtain the maximum return on assets without worrying about daily harvesting costs and hassles. It automatically finds and participates in high-yield opportunities in various DeFi protocols through smart contracts, and optimizes the investment portfolio for users., improve the efficiency of capital utilization.
SeamlessFi
Focusing on lending business, its governance token SEAM can be used to pay for the fees related to the agreement, etc. The agreement introduces innovative lending solutions including over-collateral and under-collateralized loans, and integrates the liquidity market to provide users with a variety ofDevelop and payment options.
Pay
In addition to product features such as social networking and Meme that are very close to users, Base chain is also actively integrating Web2, which is reflected in its active payment layout.
In September 2023, Circle officially announced its support for Base Chain and issued USDC on the Base Chain.On June 27, 2024, Coinbase and payment company Stripe have reached a partnership.StripeWill putBaseIntegrate into its cryptocurrency payment products, andCoinbaseWill putStripeUse a credit card as its customer orApple PayexistCoinbaseHow to buy cryptocurrencies in your wallet.
Additionally, Coinbase customers will be able to use the stablecoin USDC through Base on Stripe to simplify fiat currency conversion to cryptocurrencies and facilitate transfer of funds to more than 150 countries.
Coinbase’s collaboration with Stripe is centered around integrating USDC stablecoins into the Base chain, a partnership that will drive global adoption of cryptocurrencies.Add support for USDC on the Base chain to Stripe’s crypto payment function, thereby enabling faster international fund transfers. Coinbase integrates Stripe’s fiat currency into the cryptocurrency portal into the Coinbase wallet, further simplifying the user’s purchase process. Coinbase and StripeThe cooperation will help expand the acceptance and use of USDC worldwide.
PortalPay
The payment service launched by Web3 gaming platform Portal was officially launched on the Base network on August 16, 2024.It aims to unify the Web3 gaming field by gradually integrating different ecosystems, allowing active users of the Base network to access Web3 games on various blockchains throughout the year.
Onboard Wallet
The crypto wallet launched by nestcoin allows users to spend, trade, send and exchange crypto assets through their bank accounts without relying on centralized exchanges or third-party OTC suppliers, and users can also serve as merchants (via KYC) to OnboardThe network provides liquidity to earn transaction fees, and the wallet is currently available for online and in-store payments in more than 160 countries.
Base God
Its native token TYBG can be used for payment within its ecosystem. The project also launched a meta-cosmic space called “temple” to host various events as a community hub for users to conduct live competitions, interviews and social interactions. TYBGIt can also be used to reward community participation and as an investment vehicle.
