Base Chain’s Big Boom: Who Needs Ethereum When You’ve Got Style?

by

Darling, it appears that Base Chain, Coinbase’s charming layer-2 darling launched in 2023, is waltzing quite splendidly. Its metrics are skyrocketing, and market share is behaving like a true diva—always in the spotlight.

Nansen’s latest gossip reveals that Base has firmly established itself as the big cheese in the layer-2 soirée. Weekly transactions have strutted up by 27% to a dazzling 65.9 million, leaving Ethereum’s modest 9.4 million in the dust with a well-placed sneer. 🎩✨

Active addresses are frolicking about—up 42% over the past week to an impressive 9.7 million—making Ethereum’s 2.14 million look positively gauche. It’s overtaken Arbitrum, Polygon, and Optimism, darling, as if to say, “Move over, peasants.”

And if that weren’t enough excitement for one soirée, DeFi Llama informs us that protocols within the Base Chain are approaching a staggering $400 billion milestone. Over $363 billion already managed, and a mere $25 billion in the last month—hungry for a reputation, I suppose. With such vigor, it’s poised to cross that glittering line come June or July, mark my words.

The reigning DEX star is Aerodrome, which has processed a heady $183 billion since its debut, while Unicorn (Uniswap) trails with $130 billion—such a charming rivalry. Oh, and let’s not forget PancakeSwap, Woofi, Javsphere, and Sushi—delectable players on this digital banquet.

Most audaciously, Base Chain now claims the sixth spot in DeFi’s grand hierarchy, with total value locked soaring to $4.7 billion—becoming a formidable titan rivaling Sui, Avalanche, Cardano, and Cronos. A dazzling performance, if I do say so myself.

Lower fees and sprightly speed—what’s not to adore? Base has become quite the magnet, darling, even stirring up the meme coin scene with tokens like Brett, Toshi, Degen, and Ponke boasting a collective market cap of over $1.7 billion. Who said chains can’t have a sense of humor? 😂

Base Chain Holds Its Nose at the Airdrop Affair

In a move most proper, Coinbase has resisted the siren call for a Base airdrop—no doubt saving the drama for another day. Polymarket’s odds of such a spectacle are a mere 2%, so don’t hold your breath, my dear traders. 🥱

A big fat airdrop—worth billions—would be the pièce de résistance. Arbitrum, the modest sibling, is valued at $3.9 billion, while Optimism and Polygon follow with $3.07 billion and $2.46 billion respectively. But darling, Base would surely steal the show with a higher valuation if it ever decided to grace us with such a spectacle.

Read More

2025-05-18 16:42