Pump Up The Base
Base has drawn in a ton of capital as it establishes itself as the leading Ethereum L2. Will this trend continue? What’s happening on Base to attract all this capital? We have a closer look
Preview
TLDR
- Built on Optimism’s OP stack and launched in August 2023, Base has managed to prove itself as the top Ethereum Layer 2.
- Coinbase’s trusted brand and established infrastructure have propelled Base to become not only the top Layer 2 by TVL, but a top 5 blockchain by TVL.
- Base has experienced significant capital inflows, partly driven by seamless onboarding via Coinbase’s smart wallet.
- Capital has flowed into Base from other Layer 2s and separate ecosystems such as Solana, with products like Phantom wallet and Azura integrating Base compatibility.
- Base’s success is fueled by familiar trends like memecoins and AI-related tokens.
- Speculation exists around the possibility of a BASE token airdrop, despite Coinbase executives denying immediate plans. The changing regulatory environment in the U.S. could influence future decisions about a token launch.
