Are you still interested in Solana?
Sorry, the smart guys have switched to other chains.
Today, tokens on Base chain 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 Base chain has become more and more popular recently.
First, its TVL is growing rapidly.
Second, its top projects have appeared.
Third, the golden degen projects and rug&pull projects were born one after another.
Especially since today, many overseas practitioners have begun to collectively recommend Base, as if they have colluded.
At present, Base has some characteristics compared with other chains, probably two points.
First, it is backed by Coinbase, with Coinbase "gangsters", funds, and users, especially with a compliance narrative.
Second, on-chain applications are original, for example, they tend to be social. Its applications are not like Blast. Most of them are DeFi Folk projects. Base project team focuses on slow construction and has a Building culture.
However, it is true that 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 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 one of the top layer2s on Ethereum.
Layer2 projects 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 a 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 protocols, but its activity has slowed down since then. This is likely related to the popularity of the social application Facarter, and the fact that Base immediately followed the Ethereum mainnet Cancun upgrade, accepted its Blob transactions, and reduced the transaction fee.
List of Base chain top 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 Coinbase'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 degen projects on Base chain...
Market speculation is that Base may not issue its own token and cannot interact for airdrops, but Coinbase can list coins from projects on Base. This is also a core reason why players are currently flocking to 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 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 Base chain’s users, TVN, 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 have token, 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 project token is issued, it is likely to continue to detonate Base under the wealth effect.
2. farcaster, a popular social application
Currently the most popular social application on Base chain, it has previously raised a US$30 million angel round led by A16Z, and crypto core figures such as Vitalik often express their opinions.
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.
Farcaster is already the core social gathering area of Base chain. It is like Twitter based on 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.
Farcaster 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 Farcaster, 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. Its 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 it.
Drakula has an independent web page and can also forward video links to farcaster.
Drakula is sought after 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 Farcaster'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 Base chain. Brett, like Pepe, originated from "Boys Club" in 2005.
Data shows that its market value is already 300 million, and its LP pool on Base chain is close to 2 million US dollars.
BRETT: 0x532f27101965dd16442E59d40670FaF5eBB142E4
other:
1. It must be noted that the amount of funds in Base chain is much lower than that of Solana, and the pool depth of the tokens is insufficient.
2. To surf Base chain, you can follow the KOL on Twitter @cutepandaweb3, or perhaps the founder of Base @jessepollak.
3. Derivative reading:
"Farcaster Frame Current Progress and Next Step Analysis"
https:// Followin.io/zh-Hans/search?q=farcaster
"A hundred times in 8 days, will Brett regain Pepe's glory?" 》