Exploring the Base Network Ecosystem: Investment Opportunities in Emerging L2 Platforms

In February of this year, an Ethereum L2 network called Base was launched, built on the OP Stack. Its initial development was slow until the end of July when a meme token named BALD caused a sensation, experiencing an astonishing short-term increase that attracted a lot of user attention to the Base ecosystem. Although BALD later faced setbacks, the funding and attention it brought to Base still exist. Currently, the total asset amount of the Base network has reached $160 million, and the number of transactions has surpassed the once-popular Starknet.

DeFi platform

In the DEX space, Base Swap is currently a major player. It replicated the Uniswap V2 model and launched token, mining, and vault functions. According to reports, its total locked value is approximately $34.5 million, but audit information has not yet been disclosed, so users should exercise caution. Additionally, some well-known DEXs have also announced support for the Base network.

In the lending market, GranaryFinance is a project worth paying attention to. It is similar to a well-known lending protocol, and currently, the total locked value on Base is approximately $380,000.

NFT field

BakerySwap has launched an AI-driven NFT series called Punk X on Base, with a total of 10,000 pieces. It adopts an innovative token binding model aimed at enhancing NFT liquidity. As the first well-known project on Base, its fundraising was quickly oversubscribed.

In addition, some NFT platforms like Manifold and mintfun have announced support for the Base network, providing users with services such as NFT minting and trading.

social application

friend.tech is a highly regarded social product on Base, similar to a well-known Web3 social platform. It converts personal influence into tradable "shares", sparking a surge of user interest. The product allows users to purchase "shares" of other accounts, thereby gaining permission to communicate with the account holders.

According to reports, the "shares" of certain well-known individuals have reached a purchase price of several ETH at one time. The project charges a 10% fee on each transaction, which is divided equally between account holders and the platform.

Conclusion

Emerging blockchain platforms often contain rich investment opportunities. For developers and project parties, new platforms represent new development space. For users, early participation may bring advantages in terms of time and chips. As more projects are built on Base, it is likely that more early investment opportunities will arise. However, in the current market environment, participants need to remain cautious, manage risks effectively, and exit at the right time. Adequate due diligence is necessary before participating in any project.