The Base network ecosystem is thriving, with multiple projects worth following.

In February of this year, the Ethereum L2 network Base was officially launched, built on the OP Stack. Although its initial development was slow, a token named BALD quickly ignited the Base ecosystem by the end of July. BALD attracted the attention of users across the network with its astonishing short-term price increase, causing the total assets on the Base chain to grow rapidly from millions of dollars to 80 million dollars. It is worth noting that at that time, there was no cross-chain bridge supporting the Base network, and users could only bridge assets to Base through contract transfers.

Although BALD later faced capital withdrawal, the attention it brought has not dissipated. Data shows that the total asset amount of the Base network has reached 160 million USD, and the number of transactions has surpassed the once-popular L2 network Starknet. Let's explore the projects and potential investment opportunities worth following in the Base network ecosystem.

DeFi field

Base Swap

Base Swap is currently the largest decentralized exchange on the Base network (DEX). It is a fork of Uniswap V2 and has launched token, mining, and vault features. According to official data, Base Swap currently has a total locked value of about 34.5 million USD. However, users should be aware of the risks when using it, as audit information has not yet been disclosed.

It is worth mentioning that well-known DEXs such as Uniswap and Sushi have also announced support for the Base network.

GranaryFinance

GranaryFinance is a lending market similar to AAVE, currently supporting 8 networks including Ethereum and Optimism. Its total locked value on the Base network is approximately $380,000.

NFT Ecosystem

BakerySwap

BakerySwap launched the AI-based NFT series Punk X in August, with a total of 10,000 pieces. The project employs an innovative tokenized NFT model aimed at enhancing the liquidity of NFTs. As the first well-known development project on the Base network, it raised over 1600 ETH within half an hour of fundraising, demonstrating tremendous market enthusiasm.

Manifold and mintfun

Manifold is an NFT minting platform that now supports the Base network, offering functions such as NFT minting, claiming, burning, and airdropping. Mintfun, on the other hand, is an NFT minting aggregation platform that has also started to support Base. Users can view real-time information about the NFT projects being minted on the Base network and their popularity on mintfun.

Social Application

friend.tech

friend.tech is an innovative fan economy product that has quickly gained popularity after launching on the Base network. It converts personal influence into tradable "shares," which users can buy and sell. After purchasing someone's "shares," users can enter the private chat room of that account to communicate.

The project employs a 10% transaction tax mechanism, where 5% goes to the account being traded and 5% is retained by the project team. It has been reported that the "shares" prices of some well-known Twitter users have become quite substantial.

Summary

As more and more projects build products on the Base network, early investors may find more opportunities. However, the current market is still in the stage of stock user competition, and participants need to act cautiously and exit at the right time. At the same time, it is also crucial to conduct thorough due diligence before participating in any project to mitigate risks.

With the continuous development of the Base ecosystem, we can expect to see more innovative projects and application scenarios emerge. Whether in DeFi, NFTs, or social fields, Base has shown great potential. However, investors still need to remain vigilant, closely follow market trends, and reasonably assess risks and returns.