Overview of Base Network Ecosystem Development and Investment Opportunity Analysis

In February of this year, a well-known trading platform announced the launch of the Ethereum L2 network Base, built on the OP Stack. Development was initially slow until the end of July when a meme token called BALD sparked a frenzy, attracting the attention of users across the network towards the Base ecosystem. Although the BALD project faced setbacks later on, the attention it generated did not dissipate. Currently, the total asset volume of the Base network has reached $160 million, with the number of transactions exceeding that of the once-popular L2 network Starknet.

DeFi Ecosystem

Base Swap

As one of the main DEXs on the Base network, Base Swap is a fork of Uniswap V2. The project has issued tokens and activated mining and vault functions. Currently, the total locked value is approximately $34.5 million. Users should be aware of potential risks when using it, as the project has not yet disclosed audit information.

It is worth mentioning that some well-known DEXs have also announced support for the Base network.

GranaryFinance

GranaryFinance is a lending market similar to AAVE, currently supporting multiple chains including Ethereum and OP. On the Base network, its total locked value is approximately $380,000.

NFT Ecosystem

BakerySwap

BakerySwap launched the AI-based NFT series Punk X on the Base network in August, with a total of 10,000 pieces. The project adopts an innovative model of token-binding NFTs, aiming to enhance the liquidity of NFTs. As the first openly developed project on the Base network, it completed its fundraising within half an hour, exceeding the goal.

Manifold/mintfun

Manifold is an NFT minting platform that supports NFT minting, claiming, and other functions on the Base network. Mintfun, as an NFT minting aggregation platform, also announces support for the Base network. Users can use these platforms to stay updated on the latest NFT developments on the Base network.

Social Application

friend.tech

friend.tech is a fan economy product based on the Base network that converts personal influence into tradable shares. This product allows users to buy and sell other users' "account tokens," and holders can enter specific chat rooms to communicate with the account owners. Currently, the share prices of some well-known bloggers' accounts have reached quite high levels.

The project charges a 10% transaction tax, of which 5% goes to the account owner and 5% goes to the project party. Some users develop scripts to monitor the entry of influencers to obtain early investment opportunities.

Investment Outlook

As more projects are built on the Base chain, early investment opportunities will continue to emerge. For developers and project parties, the new chain represents new opportunities and attention. For users, early participation may bring timing and chip advantages.

However, the current market is still in the stage of existing user competition, and participants should act cautiously and take profits in a timely manner. Before investing, it is recommended to conduct thorough due diligence to minimize potential risks.