Base, the layer-2 blockchain network launched by Coinbase, is doing well in decentralized finance and the non-resolvable token businesses.
according to Call DeFiBase has become the largest layer-2 network in crypto. It has 410 dApps in the decentralized finance industry. Some of their biggest DeFi ecosystem players are Aerodrome, Uniswap, Morpho Blue. and Moonwell.
AAVE Competitor Morpho Looks Like It Will Continue to Grow After Coinbase Announces It Will Offer Bitcoin backed loans on his platform.
DEX Base networks have continued to dominate the layer-2 industry in terms of volume. Protocols in its ecosystem have handled $264 billion worth of transactions since its inception. This number rose to $12.2 billion in the last seven days.
This growth is likely due to the growing Base meme ecosystem, which is now valued at over $2.6 billion. The biggest meme coins in his network are Brett, Akuma Inu, Toshi, and Degen.
Base has also become the largest layer-2 network in the NFT place Its NFT sales jumped 45% in the last seven days to $8.3 million, and its customers rose 128% to more than 15,000. There is a Rounded NFT sales soared to over $62 million.
More data with DappRadar showing that Base handled nearly 40 million transactions in the past 30 days.
Conclusion (ARB) and Polygon (POL) treated 6.21 million and 29.3 million, respectively. Base had 15 million unique active wallets, while the other two had 1.12 million and 3.69 million, respectively. Base is also growing its presence in the artificial intelligence and gaming industries.
These metrics mean that Base would likely receive a significant valuation if Coinbase decided to launch an airdrop. It would likely be larger than Arbitrum, which has a market cap of $3.2 billion and a fully diluted valuation of $7.5 billion.
Optimism, another popular layer-2 network, has a market cap of $2.47 billion and a FDV of $7.85 billion. Therefore, Base would have a minimum FDV of $7 billion.
There are indications that Coinbase will launch Airdrop Base in 2025 Roadmap 2025 including a section on decentralization. That could be a sign that Coinbase is considering allowing community members to participate in their decisions.
