cWBTC (cwbtc) 
Base Layer-2 Blockchain Network Achieves Significant Growth in DeFi and NFT Industries
Base, the layer-2 blockchain network launched by Coinbase, has experienced substantial growth in the decentralized finance (DeFi) and non-fungible token (NFT) industries. As the largest layer-2 network in crypto, Base has established itself as a key player in the market.
DeFi Ecosystem Growth
With over 410 decentralized applications (dApps) in the DeFi industry, Base has become a hub for innovative financial solutions. Some of its biggest DeFi ecosystem players include Aerodrome, Uniswap, Morpho Blue, and Moonwell. Morpho, a rival to AAVE, is expected to experience continued growth following Coinbase’s announcement of Bitcoin-backed loans on its platform.
DEX Network Dominance
Base’s decentralized exchange (DEX) networks have dominated the layer-2 industry in terms of volume, with protocols in its ecosystem handling transactions worth $264 billion since its inception. In the last seven days, this volume rose to $12.2 billion, showcasing the network’s significant growth potential.
Base Meme Coin Ecosystem Growth
The growing Base meme coin ecosystem, now valued at over $2.6 billion, has contributed to the network’s success. The biggest meme coins in its network include Brett, Akuma Inu, Toshi, and Degen.
NFT Sales and Growth
Base has become the largest layer-2 network in the NFT space, with NFT sales jumping by 45% in the last seven days to $8.3 million. The number of buyers increased by 128% to over 15,000, while cumulative NFT sales rose to over $62 million.
Transaction Volume and Unique Active Wallets
According to recent data, Base handled almost 40 million transactions in the last 30 days, surpassing other prominent layer-2 networks such as Arbitrum and Polygon. Base had 15 million unique active wallets, significantly higher than the other two networks.
Potential Airdrop and Valuation
Given its impressive growth metrics, Base is likely to receive a significant valuation if Coinbase decides to launch an airdrop. Its valuation could potentially exceed that of Arbitrum, which has a market cap of $3.2 billion and a fully diluted valuation of $7.5 billion. A possible airdrop could result in a fully diluted valuation of at least $7 billion for Base.
2025 Roadmap and Decentralization
Coinbase’s 2025 roadmap, which includes a section on decentralization, may indicate plans to launch the Base airdrop. This could be a sign that Coinbase is considering allowing community members to participate in its decision-making process.
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