Base ecosystem, an Ethereum Layer 2 blockchain built with the OPstack and backed by Coinbase, is gaining significant traction. BlackRock and Coinbase’s recent partnership positions Base as the primary chain, drawing liquidity from other networks such as Solana ($SOL).
In this article, we’ll explore the key factors driving Base’s growth and highlight promising projects within its ecosystem that have the potential to yield 10-100x returns, as shared by Rasgard.
What you'll learn 👉
What is Base?
Base is a secure, low-cost, and builder-friendly Ethereum Layer 2 blockchain solution. Leveraging the OPstack, Base offers a scalable and efficient platform for developers to build and deploy decentralized applications (dApps). The Base ecosystem has been steadily growing, with its total value locked (TVL) now reaching an impressive $1.5 billion.
Coinbase: More Than Just an Exchange
Coinbase, the company behind Base, is much more than a cryptocurrency exchange. With a comprehensive infrastructure that includes:
- A centralized exchange (CEX) with a 100 million user base
- Coinbase Wallet – a Web3 wallet
- Coinbase NFT – an NFT platform
- Coinbase Institutional – integrated solutions for sophisticated investors and institutions
- Coinbase Ventures – a venture fund
Coinbase is well-positioned to drive the adoption and growth of the Base ecosystem.
The BlackRock Partnership
One of the most significant partnerships for Coinbase is with BlackRock, the world’s largest asset manager. Through this collaboration, Coinbase will provide the infrastructure for BlackRock’s Tokenized Fund, further solidifying Base’s position as a primary chain in the cryptocurrency market.
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Show more +Top Base Ecosystem Projects
- Aerodrome ($AERO): Aerodrome is the central trading and liquidity marketplace on Base, accounting for approximately 44% of the network’s TVL, with over $355 million locked.
- Grand Base ($GB): Grand Base is a decentralized market for spot synthetic real-world assets (RWAs), designed to provide exposure to RWAs without holding the actual underlying asset.
- Frok ($FROK): Frok is an AI-powered platform designed to help users navigate the complex world of Web3 with ease.
- Moonwell ($WELL): Moonwell is an open lending and borrowing DeFi protocol built on Moonbeam, Moonriver, and Base.
- Aavegotchi ($GHST): Aavegotchi is a DeFi-enabled crypto collectibles game that allows users to stake NFT avatars with interest-generating tokens and engage with the Aavegotchi metaverse.
- GAMER ($GMR): GAMER is a community of gamers collaborating to create innovative Web3 tools, linked to the GMR Center, a hub for gaming and cryptocurrency, and the Battle Leet game, where players can collect and sell gaming NFTs.
- Backed Finance (No token): Backed Finance offers fully backed, tokenized real-world assets, with $45 million in assets under management. Users can buy real-world assets on-chain and put their stablecoins to work.
- Parallel (No token): Parallel is a Sci-Fi Franchise and Trading Card Game (TCG) empowering collectors to truly own their cards and other game items.
- VIRTUAL Protocol ($VIRTUAL): The VIRTUAL Protocol is a decentralized factory that creates AI characters for virtual worlds, promoting collaboration and quality.
As the Coinbase and BlackRock partnership unfolds, the Base ecosystem is poised for rapid growth, attracting liquidity and driving innovation in the cryptocurrency market. With a diverse range of promising projects spanning DeFi, NFTs, gaming, and AI, Base offers investors the opportunity to capitalize on the potential for 10-100x returns.
However, as with any investment, thorough research and risk management are essential to navigate the dynamic and often volatile cryptocurrency landscape.
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