Jessy, Golden Finance

According to Artemis data, the net capital inflow of the Base chain of the Ethereum Layer 2 project surpassed Solana.

Not only that, the TVL volume of Base chain currently ranks first in Ethereum Layer 2. According to L2BEAT data, the TVL of the Base chain has grown rapidly in the past three months. Since March 2024, its TVL has increased nearly six times, from US$1.3 billion to US$7.6 billion. According to DefiLlama data, as of December 3, 2024, the TVL on the Base chain has exceeded US$3.653 billion.

According to Dune data (@watermeloncrypto), the weekly active addresses on the Base chain have surged from 300,000 in January to 6.57 million in November, an increase of more than 2,000 so far %.

The total number of contracts created on the same Base chain has achieved significant growth in the past three months. At the end of September 2023, the total number of contracts exceeded 20 million, and at the beginning of October it exceeded 30 million. By November 29, 2024, the number of contracts created on the chain was 97.5 million, which means that the total number of contracts has increased in the past three months. Over 60%

There is no doubt that Base has become one of the best-developed public chains.

Technically speaking, as the layer 2 of Ethereum, it has the characteristics of faster speed and lower gas. In addition, it has the endorsement of the Coinbase brand, so a large number of users are willing to use this chain.

Previously, base was famous for Meme coin, and there were many Pixiu coins. Now, Base has become a source of innovation.

Golden Finance summarizes the current main protocols and innovations of the Base chain. The continuous inflow of funds and the vigorous development of the ecology on the chain also indicate that a big golden dog will be born on this chain. Paying attention to the Base ecology may also seize the next wealth code.

The most prominent applications on the Base chain are SocialFi and Meme coin. It can be seen that Base is a very people-friendly public chain. The reason why it has achieved such a public chain temperament has a lot to do with its backing to Coinbase. And precisely because of seizing social networking and Meme Coin, Base has very active real users.

Social

There are many Socialfi products on Base, such as Friend.Tech, Fren Pet, Builder Fi, Aerodrome Finance and other projects all have their own development focuses. Some focus on the integration of social finance, while others create social tools for developers, etc. Farcaster is currently the hottest social protocol on Base.

Farcaster

This is a decentralized social protocol mounted on Base. Based on this protocol, some Dapps have been developed, the more famous one being Warpcast.

At present, in addition to the general decentralized social functions in the protocol, there are also some new innovations being produced, such as the one-click coin issuance function that can send coins by sending a message.

Users only need to tag Clanker, the AI-driven “Token Bot”, on a Farcaster client such as Warpcast or Supercast, tell it the token idea, and it will launch the token on Base. It is this innovation that has made the Base ecosystem usher in a new explosion this month.

Currently, the status of Meme launched through the launch platform is as follows:

Number of issuances: As of November 27, 2024, the number of meme coins issued in the Clanker system has exceeded 4258 indivual.

The top three tokens and their market value: (data source: Coingecko)

Fren Pet

is a decentralized It is a social platform where users can earn economic rewards through social activities. It uses tokens to incentivize participation and promote community development. The powerful community governance model allows users to contribute ideas and participate in key decisions, building a multi-dimensional and sustainable social ecosystem. .

Builder Fi

Focuses on supporting developers and creators to build de-DApps, providing a comprehensive toolkit for developing and deploying DApps, while creating profit opportunities for developers and content creators , encourages collaboration and innovation, and promotes the growth of the blockchain ecosystem and user community.

Aerodrome Finance

Combining social networks with financial services, it provides a decentralized market for social tokens and investments. Users can trade tokens and invest in social projects. And earn rewards based on your social influence, promoting the integrated development of finance and social interaction.

AI

Currently, there are various types of AI-related products on Base, which can be divided into infrastructure and development tools (such as AI computing resource network Atoma Network), finance and Payment categories (such as AI Wallets launched by Coinbase), creation and entertainment categories, games, etc.

Currently, the most popular AI protocol on base is Virtuals Protocol, and Golden Finance focuses on introducing this social protocol.

Virtuals Protocol

is a Base-based AI protocol. Virtuals Protocol has two main product functions: 1) as a common ownership layer for AI agents, representing the long-term roadmap of the protocol; 2) as an AI agent launchpad, where anyone can easily deploy AI agents, similar to Pump. fun acts as a memecoin launchpad.

A key factor in the rise of Virtuals Protocol is their AI agent Luna (LUNA). Luna is an AI character based on LLM technology. Luna, a virtual idol IP with more than 500,000 TikTok fans, plays a visual virtual character 24 hours a day, communicates with users in real time, and brings a new experience beyond pure text communication through audio-visual stimulation.

Introduction to related tokens

In 2024, AI projects on the Base chain will usher in rapid development. The market value of Virtuals Protocol's token VIRTUAL was around US$1.4 billion on December 3; its AI agent token LUNA also performed well, with a market value of over US$60 million on December 3. The popularity of Virtuals Protocol has driven the AI ​​craze in the Base ecosystem and attracted more developers and project parties to pay attention and enter the AI ​​field of Base.

Atoma Network

A decentralized, scalable, and permissionless AI computing resource network that provides powerful computing support for AI projects and helps solve AI training and operation issues The process requires a large amount of computing resources.

Covalent

Modular data infrastructure is used to solve the verifiability problem of AI. By providing reliable data sources and verification mechanisms, it ensures that AI model training and decision-making are based on Data accuracy and credibility 1.

Nani.ooo

An operating system designed specifically for on-chain AI agents and cryptographic automation, providing AI agents with the ability to perform on-chain operations and Automating the underlying infrastructure of cryptocurrency trading, enabling AI Agents are able to interact with the blockchain network and perform tasks more efficiently.

AI Wallets (Coinbase)

The AI ​​wallet launched by the Coinbase developer platform provides cryptocurrency wallet capabilities for AI-based autonomous agents, enabling AI agents to transfer values ​​and assets. Management to facilitate AI in financial transactionsYizhong application.

Aperture Finance

The intent-based DeFi protocol adopts an AI-driven intelligent liquidity management system. Users can express investment intentions in natural language and automatically complete complex DeFi operations, reducing the cost of ordinary The threshold for users to participate in DeFi investment.

Zotto.ai

The intent-driven intelligent agent center integrates the perpetual contract exchange. The AI ​​agent can automatically execute operations such as trading strategies, position management, governance voting, and reward collection. Supports up to 25x leverage and ensures security through account abstraction technology.

DeFi

At present, DeFi projects on Base are experiencing a big explosion, especially projects such as Aerodrome The rise has driven the activity and innovation capabilities of the entire ecosystem. The DeFi products on Base mainly include the lending protocol Moonwell and the income aggregator Beefy Finance.

Among them, the one with the strongest development momentum is DEX Aerodrome. DefiLlama data shows that currently, it is Aerodrome that ranks first, contributing about 43% of BaseTVL volume.

Aerodrome

It combines the advantages of Curve, Convex and Uniswap V2 into one AMM. It adopts the Ve(3,3) model, and its Ve(3,3) mechanism is based on Curve's veCRV model and OlympusDAO's 3v3 mechanism, and has been optimized and adjusted to adapt to ecological development. This mechanism provides a unique reward model to promote the stable development of the ecosystem by motivating long-term holders and active governance users. Aerodrome also helps users optimize asset management and participate in liquidity mining activities through efficient liquidity management tools.

Moonwell

is an open lending DeFi protocol built on Moonbeam, Moonriver and Base, allowing assets within the Polkadot ecosystem to be used as collateral in DeFi applications. The user base is growing rapidly and the TVL is also high, providing users with convenient lending services, making assets more productive and portfolioable with assets from other ecosystems.

Avantis

As a platform with CEFI on the front end and DEFI on the back end, it is a leading market maker covering a variety of assets, allowing traders to use complex financial derivatives, such as Perpetual contract and provides leverage up to 1:100, also innovativeWe have continuously launched loss protection services and cooperated with Chaos Labs to protect liquidity sources and ensure transaction security.

Beefy Finance

is a multi-chain income optimizer that can help users get the maximum return on their assets without worrying about daily harvesting costs and troubles. It automatically finds and Participate in high-yield opportunities in various DeFi protocols to optimize investment portfolios for users and improve capital utilization efficiency.

SeamlessFi

Focuses on the lending business, and its governance token SEAM can be used to pay protocol-related fees, etc. The protocol introduces innovative lending including over-collateralization and under-collateralization loans solutions and integrates the liquidity market to provide users with diverse lending and payment options.

Payment

In addition to product features such as social networking and Meme that are very close to users, Base Chain is also actively integrating Web2, which is reflected in its active payment layout.

In September 2023, Circle officially announced that it would support the Base chain and issue USDC on the Base chain. On June 27, 2024, Coinbase and payment company Stripe have reached a partnership. Stripewill integrateBaseinto its cryptocurrency payment products, whileCoinbase will treatStripeas its customers using credit cards orApple PayWay to buy cryptocurrency withinCoinbasewallet.

In addition, Coinbase customers will be able to use the stablecoin USDC through Base on Stripe to simplify the conversion of fiat to cryptocurrencies and facilitate fund transfers to more than 150 countries.

The cooperation between Coinbase and Stripe mainly revolves around integrating the USDC stablecoin into the Base chain. This cooperation will promote the global adoption of cryptocurrency. Adding support for USDC on the Base chain to Stripe’s crypto payment capabilities, enabling faster international fund transfers, Coinbase integrates Stripe’s fiat-to-cryptocurrency portal into the Coinbase wallet, further simplifying the purchase process for users, Coinbase and Stripe The cooperation will help expand the acceptance and use of USDC globally.

PortalPay

The payment service launched by the Web3 game platform Portal has been officially launched on the Base network on August 16, 2024. It aims to unify the Web3 gaming space by gradually integrating different ecosystems, allowing active users of the Base network to have uninterrupted access to Web3 games on various blockchains throughout the year.

Onboard Wallet

A crypto wallet launched by nestcoin that allows users to spend, trade, send and exchange crypto assets through bank accounts without relying on centralized exchanges or third-party OTC exchanges Transaction providers, and users can also provide liquidity to the Onboard network as merchants (via KYC) to earn transaction fees, and the wallet currently enables online and in-store payments in more than 160/regions.

Base God

Its native token TYBG can be used for payment within its ecosystem. The project has also launched a metaverse space called "temple" to hold various activities. Serving as a community hub for users to conduct live competitions, interviews, social interactions, and more, TYBG can also be used to reward community participation and serve as an investment tool.