Token skyrocketing, KOLs recommending,will Base be the next birthplace of new gold mine?

This article is machine translated
Show original

Are you still interested in Solana?

Sorry, the smart guy has switched tracks.

Today, Base chain tokens have skyrocketed. Among them, DEGEN rose 80% in 24 hours. BRETT rose 35%. NORMIE rose 185%.

If you dive deep enough, you will find that the Base chain has become more and more popular recently.

First, TVL is growing rapidly.

Second, the head project appears.

Third, the golden dog and the running disk were born one after another.

Especially since today, many overseas practitioners have begun to collectively call for orders for Base, as if they have colluded.

At present, the Base chain has some characteristics compared with other chains, probably two points.

First, it is backed by Coinbase, with the Coinbase "gangster" platform, funds, and users, especially with a compliance narrative.

Second, on-chain applications are original, for example, they tend to be social. The above applications are not like Blast. Most of them are DeFi-type Fork projects. The Base project team focuses on slow construction and has a Build culture.

However, it is true that the Base chain currently has insufficient influence in the Chinese community. Many people have not yet understood that it is mainly social applications with higher thresholds, rather than the DeFi applications that everyone is familiar with.

The editor makes a quick guess and believes that the Base chain may be the next place where wealth gathers. Why do you say that? See below for details.

1. Coinbase fully supports it, and Base is already the head layer 2 of Ethereum.

Layer2 project TVL ranking, from: https://l2beat.com/scaling/summary

According to L2BEAT, Base TVL is approximately US$1.4 billion, ranking fifth, beating out the two most popular projects, starknet and zhSync. In addition, the market is under pressure, and Base TVL is the only growing public chain project in the top 10.

In addition, on March 16, the number of Base active addresses exceeded 1 million (1190849), ranking first in the Ethereum L2 protocol, but activity has slowed down since then. This is likely related to the popularity of the social application Warpcast and the fact that Base immediately followed the Ethereum mainnet Cancun upgrade and accepted its Blob transactions, reducing the handling fee.

List of base chain head TVL projects, from https://defillama.com/chain/Base

The development of Base is obviously inseparable from Coinbase, the helmsman behind it. Currently, Base is being deeply integrated into Coinbase's products, whether it is supporting bridging from CEX or using Coinbase wallet to transfer USDC for free on L2. Cooperation is tacit.

In addition, the team provides extensive developer support, focusing on projects building on the network and distributing grants to developers.

For example, with Coinbased's AA wallet, users do not need to withdraw coins from the exchange or cross-chain. They can directly use the money in Coinbase to play with the idiots on the Base chain...

Market speculation is that Base may not issue coins and cannot interact with airdrops, but Coinbase can list coins for projects on Base. This is also a core reason why players are currently flocking to the Base chain.

2. What are the popular applications on Base?

1. friend.tech, the leading social application

This is a social media decentralized application built on the Base chain. It was launched on August 10, 2023, and quickly ignited the entire social track. The KEY of the leading KOL was raised to dozens of ETH. This is the first time that the Base chain’s users, TVL, and transaction volume have exploded.

However, after the heat was over, the KEY was rotten in the hands of players.

The friend.tech team has been hinting that it will issue coins, but there has been no action. There is no doubt about the operational ability of the friend.tech team. The current silence is likely to be brewing. If the currency is issued, it is likely to continue to detonate Base under the wealth effect.

2. farcaster, a popular social protocol

Farcaster is currently the most popular social application protocol on the Base chain. Many ecological products are currently built based on it. The official product is called Warpcast. It has previously completed a US$30 million angel round of financing led by A16Z, and crypto core figures such as Vitalik often Comment in it.

Its new Frame function can turn any tweet or post into an interactive application, which gives the project team a lot of room to play.

Warpcast is already the core social gathering area of ​​the Base chain. It is like Twitter based on the Base chain, with project marketing and currency issuance all on it. The project team established a community on Farcaster and airdropped tokens to participants. The huge wealth effect was further spread, and more users joined because of the early airdrop profits.

Warpcast is currently the core gathering place for the entire Base gameplay. It can be said that all the Alpha information is here and must be sneaked in.

An invitation code is required to join Warpcast, which can be entered through the invitation link below.

Website: https://warpcast.com/~/invite-page/6518?id=b0edb792

3. Drakula, decentralized TikTok

Just a few days after its launch, the official announced that it was a decentralized TikTok, a swipe up video app. The gameplay is very simple, upload videos and earn BLOOD tokens. Maybe buy KOL’s KEY and wait for it to rise when more people buy.

Drakula has a separate web page and can also forward video links to Warpcast .

Drakula is popular first because of the surge in users, secondly because of top investors, Paradigm and Dragonfly Capital, and thirdly, because TikTok was conquered by the United States and hit, Drakula has a narrative advantage.

Website: https://drakula.app/

3. What are the leading tokens in the Base chain?

Degen: Base chain MEME faucet

This is the current token leader in the Farcaster ecosystem, and may also be the Base chain leader. Previously, users may receive Degen token rewards as long as they make comments and other active actions in Warpcast's degen channel.

Degen was born as a MEME coin. But now, it has become the "functional" token of the entire ecosystem, and many projects are built around it, such as using it for rewards or using it as a transaction target.

To follow KOLs on friend.tech, you need to use ETH to buy KEY. On drakula, you can also use Degen.

Degen: 0x4ed4E862860beD51a9570b96d89aF5E1B0Efefed

Brett: MEME concept coin

This is a Meme deployed on the Base chain. Brett, like Pepe, originated from "Boys Club" in 2005.

Data shows that its market value is already 300 million, and its pool in the Base chain is close to 2 million US dollars.

BRETT: 0x532f27101965dd16442E59d40670FaF5eBB142E4

What else? KOL tips are as follows:

Large market capitalization: $DEGEN $TOSHI $NORMIE $BRETT

Small market cap: $SENDIT $TYBG $CIRCLE $MOCHI $FRAME

other:

1. It must be noted that the amount of funds in the Base chain is much lower than that of Solana, and the depth of the tokens is insufficient.

2. To surf the Base chain, you can follow the KOL on Twitter @cutepandaweb3, or perhaps the founder of Base @jessepollak.

3. Derivative reading:

" It skyrocketed nearly 30 times in 24 hours, and then plummeted 50%. What are the most vicious BACK and OVER of the Base chain?

https:// Followin.io/zh-Hans/feed/8840875

"Understand the Layer 2 expansion solution Base launched by Coinbase in one article"

https:// Followin.io/zh-Hans/feed/8838795

"Farcaster Frame Current Progress and Next Step Analysis"

https:// Followin.io/zh-Hans/search?q=farcaster

"100 times in 8 days, will Brett regain Pepe's glory?" 》

https:// Followin.io/zh-Hans/feed/8552557

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
12
Add to Favorites
22
Comments