Last updated
Last updated
Base Chain, also known as Coinbase's L2 Network, is a Layer-2 blockchain designed to enhance the Ethereum mainnet by reducing fees, improving transaction speed, and expanding functionality. We chose Base for its numerous advantages:
Low fees: Base offers full EVM compatibility at a fraction of the cost, making transactions more affordable for users.
Developer-friendly: Base provides a safe and developer-friendly environment for building on-chain applications.
Scalability: With scalability being crucial in the Web3 ecosystem, Base offers solutions to accommodate growing demands.
Performance improvements: Base Chain significantly enhances performance, especially for high-transaction environments like DeFi applications.
Gas-less transactions: Base introduces gas-less transactions, eliminating the need for users to pay transaction fees in cryptocurrency.
Advanced governance mechanisms: Incorporating advanced governance mechanisms ensures transparency and decentralization in decision-making processes.
EVM-compatible: Base offers the same utility and use cases as Ethereum's mainnet, with lower fees and faster transactions.
While Solana has been dominant, Base Chain is emerging as a formidable competitor. On-chain metrics, upcoming ecosystem developments, and analyst insights suggest a promising future for Base:
Growing network usage: Base's 24-hour trading volume exceeds $250 million, with a significant increase from $25 million at the end of January.
Surging total value locked (TVL): TVL is nearing its all-time high at $1.5 billion, a substantial leap from $391 million in January.
Anticipated adoption boost: The launch of the Base Chain Smart Wallet is expected to drive adoption further. With four million Base chain users and access to Coinbase's 70 million users, widespread adoption is on the horizon.
WeeWee Pad's integration with Base Chain positions us at the forefront of innovation in the crypto space.
As Base continues to evolve and expand its user base, we look forward to leveraging its capabilities to drive growth and success for our projects and community.
