From 6714960a2668b77fdbdf88d36a7804a115180420 Mon Sep 17 00:00:00 2001 From: Afolami Anuoluwapo <161776085+aabxtract@users.noreply.github.com> Date: Sat, 17 Jan 2026 22:11:00 +0100 Subject: [PATCH] Create base.md with Base achievements and metrics Added comprehensive overview of Base's achievements, financial metrics, ecosystem growth, and future outlook in a new markdown document. --- base.md | 651 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 1 file changed, 651 insertions(+) create mode 100644 base.md diff --git a/base.md b/base.md new file mode 100644 index 00000000..b188f48f --- /dev/null +++ b/base.md @@ -0,0 +1,651 @@ +# ๐ŸŒ Base: Achievements as a Leading Layer 2 & Building the Future Onchain + +
+ +**The #1 Ethereum Layer 2 | Incubated by Coinbase | Built on the OP Stack** + +[![Base Website](https://img.shields.io/badge/๐ŸŒ-base.org-0052FF?style=for-the-badge)](https://base.org) +[![Documentation](https://img.shields.io/badge/๐Ÿ“š-docs.base.org-0052FF?style=for-the-badge)](https://docs.base.org) +[![Discord](https://img.shields.io/badge/๐Ÿ’ฌ-Discord-5865F2?style=for-the-badge)](https://discord.com/invite/buildonbase) +[![GitHub](https://img.shields.io/badge/โšก-GitHub-181717?style=for-the-badge)](https://github.com/base) + +*Bringing the world onchain, one transaction at a time* + +
+ +--- + +## ๐Ÿ“Š Base by the Numbers (2024-2025) + +### ๐Ÿ’ฐ Financial Leadership + +| Metric | Achievement | Market Share | Timeframe | +|--------|-------------|--------------|-----------| +| **L2 Revenue** | $75.4M+ | 62% of total L2 | YTD 2025 | +| **2024 Revenue** | $92M+ | 41% of total L2 | Full Year 2024 | +| **Revenue Growth** | 30x increase | From $2.5M to $75.4M | Dec 2023 โ†’ 2025 | +| **Profit Margin** | 84.35% | Highest in L2 | Since Inception | +| **App Revenue** | $369.9M | Generated by ecosystem | 2025 | + +### ๐Ÿ” Total Value Locked (TVL) + +| Milestone | Value | Achievement Date | Context | +|-----------|-------|------------------|---------| +| **Current DeFi TVL** | $4.63B | January 2025 | 46% of entire L2 market | +| **Peak TVL** | $5.6B+ | October 2025 | All-time high | +| **TVL Growth** | 3.1B โ†’ 5.6B+ | Jan โ†’ Oct 2025 | 80%+ increase | +| **Market Share Growth** | 33% โ†’ 46% | 2025 | Continuous expansion | +| **USDC Supply** | $3.6B | Current | Major stablecoin hub | + +### โšก Network Activity + +| Metric | Value | Status | Comparison | +|--------|-------|--------|------------| +| **Daily Transactions** | 8.8M+ | Record | Exceeds top 5 L2s combined | +| **Total Transactions** | 3.29B+ | 2025 | 3rd busiest blockchain globally | +| **Daily Active Users** | 2.9M+ | Peak | Industry-leading engagement | +| **USDC Daily Users** | 83.4K | November 2025 | 233% YoY growth | +| **Monthly Active Addresses** | 10M+ | Sustained | Stable user base | + +### ๐Ÿ—๏ธ Ecosystem Growth + +| Category | Achievement | Details | +|----------|-------------|---------| +| **Projects Launched** | 428+ | Fastest-growing L2 | +| **DeFi Protocols** | 50+ | Major platforms integrated | +| **Total Users Onboarded** | 110M+ | Via Coinbase distribution | +| **Creator Tokens** | 6.52M+ | Through Zora integration | +| **Mini Apps** | 100+ | Growing ecosystem | + +--- + +## ๐Ÿ† Historic Achievements & Milestones + +### 2023: The Launch Year + +**August 9, 2023** - ๐Ÿš€ **Base Mainnet Launch** +- Built on the OP Stack in partnership with Optimism +- Publicly launched with full Ethereum EVM compatibility +- Initial focus: Security, scalability, and developer experience + +**September 2023** - ๐Ÿ“ˆ **Rapid Initial Growth** +- $500M TVL locked in first month +- Early adopter programs attract major protocols +- Coinbase integration provides instant distribution advantage + +### 2024: Establishing Dominance + +**Q1 2024** - ๐Ÿ’ช **Market Position Secured** +- Became fastest-growing L2 by transaction volume +- Surpassed 1 billion total transactions +- Developer ecosystem expanded to 100+ projects + +**Q2 2024** - ๐ŸŽจ **Cultural Breakthrough** +- OpenSea "Only the Based Survive" NFT: 180K+ mints +- Memecoin culture emergence with Base God (TYBG) +- Friend.tech social app gains massive traction + +**June 2024** - ๐Ÿ“Š **DeFi Leadership** +- Aerodrome Finance processes $3.34B monthly volume +- 54% of Base's DEX volume +- Combined with Uniswap, pushed TVL to $9.1B + +**Q3 2024** - ๐ŸŒŸ **Revenue Leadership** +- Generated $92M in revenue for full year 2024 +- 41% of total L2 market revenue +- No native token - pure protocol revenue + +**Q4 2024** - โšก **Transaction Supremacy** +- 8.8M daily transactions (new record) +- Outpaced combined volume of top 5 other L2s +- Became 3rd busiest blockchain globally + +### 2025: Consolidating #1 Position + +**January 2025** - ๐Ÿ‘‘ **DeFi TVL Leader** +- Surpassed Arbitrum One in DeFi TVL +- Captured 46% of L2 DeFi market +- $4.63B TVL - largest in L2 space + +**Q1 2025** - ๐Ÿ’Ž **Revenue Explosion** +- $75.4M revenue YTD (62% of total L2) +- 30x revenue growth from December 2023 +- Maintained 84%+ profit margins + +**Mid-2025** - ๐ŸŽญ **Creator Economy Launch** +- Base App beta with integrated social features +- Zora integration: 6.52M+ creator tokens +- Creators earned $6.1M through tokenization + +**Q3 2025** - ๐Ÿ”ฅ **Peak Performance** +- Peak TVL of $5.6B+ reached +- 2.9M daily active addresses +- Ecosystem apps generated $369.9M revenue + +**October 2025** - ๐Ÿค **Major Partnerships** +- Farcaster acquired Clanker (AI token launcher) +- Aerodrome-Velodrome merger announced +- Base App integration with major protocols + +**December 2025** - ๐ŸŒ **Global Recognition** +- Named #1 L2 by multiple metrics +- 3rd busiest blockchain worldwide +- Dominant position across revenue, TVL, users + +--- + +## ๐Ÿš€ Why Base Won: Key Success Factors + +### 1. ๐ŸŽฏ **Distribution Advantage** + +**Coinbase Integration = 110M+ Users** +- Direct access to largest US crypto exchange +- Seamless onboarding from CEX to DEX +- Instant user base vs. competitors' cold start +- Natural user acquisition flywheel + +**The Moat:** +> "While other L2s must acquire users through incentives or third-party integrations, Base enjoys a natural distribution advantage thanks to its direct connection with the largest centralized exchange in the US." - Messari Research + +### 2. ๐Ÿ’ก **Real Value Creation** + +**$369.9M in Ecosystem App Revenue (2025)** + +Top Revenue Generators: +- **Aerodrome Finance**: $160.5M (43% of total) +- **Virtuals Protocol**: $43.2M (12% of total) +- **Football.Fun**: $4.7M (sports prediction) +- **Clanker**: $49.8M in fees (token launcher) +- **Limitless Exchange**: $550M+ volume (prediction market) + +**No Token Farming = Sustainable Growth** +- Revenue from actual usage, not incentives +- 84.35% profit margins prove model viability +- Attracts long-term builders vs. mercenaries + +### 3. ๐Ÿ—๏ธ **Technical Excellence** + +**Built on OP Stack** +- Inherits Ethereum security +- EVM compatibility - deploy existing contracts +- Modular architecture for future upgrades +- Part of Optimism Superchain vision + +**Performance Metrics** +- Sub-second transaction finality +- <$0.01 average transaction cost +- 99.9%+ uptime since launch +- Scales to handle 8.8M+ daily transactions + +### 4. ๐ŸŽจ **Culture-First Approach** + +**"Based" Became a Movement** +- Community-driven identity +- Memecoin culture embraced, not resisted +- NFT drops that went viral (180K+ mints) +- Social-first features via Farcaster, Zora + +**Creator Economy Focus** +- 6.52M+ creator tokens launched +- $6.1M paid to creators +- Content monetization built-in +- Empowering digital creators onchain + +### 5. ๐Ÿ› ๏ธ **Developer Experience** + +**World-Class Tooling** +- OnchainKit: React components for web3 +- Base SDK: Complete development suite +- Comprehensive documentation +- Active grants & mentorship programs + +**Builder Support** +- Base Grants Program +- Builder Rewards via BuildersScore +- Mentorship Program +- $200M+ in ecosystem funding available + +--- + +## ๐Ÿ’ผ Major Ecosystem Projects & Success Stories + +### ๐Ÿ”„ DeFi Powerhouses + +#### **Aerodrome Finance** +*Leading DEX & Liquidity Hub* +- **$160.5M revenue** in 2025 (43% of ecosystem total) +- **54% of Base DEX volume** +- **$600M+ TVL** (45% of Base total) +- Merging with Velodrome to create unified "Aero" platform + +#### **Uniswap V3 on Base** +- Supports **400+ projects** +- Peak monthly volume records +- Daily filtered users grew despite market changes +- Core liquidity infrastructure + +#### **Morpho** +- **1,906% TVL growth** YTD +- From $48.2M to $966.4M +- Advanced lending protocol +- Institutional-grade infrastructure + +#### **Seamless Protocol** +- Leverage Tokens (ERC-20 wrapped strategies) +- Altcoin-specific lending markets +- Community-driven governance via SEAM +- Pioneer in innovative DeFi products + +### ๐Ÿค– AI Agent Revolution + +#### **Virtuals Protocol** +- **$43.2M revenue** (12% of ecosystem) +- AI agent launchpad on Base +- Notable agents: Luna (AI artist), aixbt (market intelligence) +- Infrastructure for agentic economy + +#### **Clanker** +- **$49.8M in fees** since November 2024 +- **500K+ tokens launched** +- Farcaster-native AI token launcher +- Acquired by Farcaster in October 2025 + +### ๐ŸŽฎ Gaming & Social + +#### **Football.Fun** +- Sports prediction platform +- **$4.7M revenue** (recently launched) +- Onchain gaming pioneer +- Real utility in predictions + +#### **Limitless Exchange** +- Decentralized prediction markets +- **$550M+ trading volume** +- Alternative to traditional betting +- Growing rapidly + +### ๐ŸŽจ Creator & Social Economy + +#### **Zora** +- **6.52M+ creator tokens** minted +- **$6.1M paid to creators** +- Auto-tokenization of content +- Integrated into Base App + +#### **Farcaster** +- Decentralized social network +- Native Base integration +- Base App's social layer +- Growing creator community + +### ๐Ÿ’Ž Memecoins & Culture + +#### **BRETT** +- **$2B+ peak market cap** (December 2024) +- Largest memecoin on Base +- "Pepe's best friend" character +- Cultural phenomenon + +#### **Base God (TYBG)** +- **$69M market cap** +- **2.9M daily active addresses** at peak +- Viral cultural symbol +- Community-driven movement + +--- + +## ๐ŸŽฏ Building on Base: Why Developers Choose Base + +### ๐ŸŒŸ **Unmatched Advantages** + +#### 1. **Instant User Base** +``` +Day 1: Access to 110M+ Coinbase users +Week 1: Potential viral distribution via Base App +Month 1: Listed in ecosystem directory with visibility +``` + +#### 2. **Lowest Barriers to Entry** +- **No seed phrases**: Smart account abstraction +- **Credit card onramp**: 30 seconds to first transaction +- **Gasless transactions**: Paymasters for sponsored UX +- **Social login**: Via Base Account + +#### 3. **Best-in-Class Infrastructure** +- **RPC endpoints**: Alchemy, Quicknode (99.9% uptime) +- **Block explorers**: BaseScan, Blockscout +- **Oracles**: Chainlink integration +- **Bridges**: Native & Superbridge + +#### 4. **Comprehensive Developer Support** +- **OnchainKit**: Pre-built React components +- **Base SDK**: Complete toolkit +- **Documentation**: Extensive guides +- **Community**: Active Discord with 50K+ members + +### ๐Ÿ’ฐ **Funding Opportunities** + +| Program | Type | Potential Funding | Focus Area | +|---------|------|------------------|------------| +| **Base Grants** | Grant | $50K-$500K+ | Infrastructure, apps | +| **Builder Rewards** | Retroactive | Points โ†’ Rewards | On-chain activity | +| **Base Batches** | Accelerator | Funding + Support | Early-stage startups | +| **Retroactive Funding** | OP Stack | $10M+ rounds | Ecosystem contributors | +| **Mentorship Program** | Guidance | Free mentorship | All builders | + +### ๐Ÿ› ๏ธ **Technical Stack** + +```javascript +// Example: Deploy on Base with OnchainKit + +import { OnchainKitProvider } from '@coinbase/onchainkit'; +import { base } from 'wagmi/chains'; + +function App() { + return ( + + + + ); +} +``` + +**Available Libraries:** +- ethers.js / viem for blockchain interaction +- wagmi for React hooks +- OnchainKit for Base-specific components +- Privy/Dynamic for authentication +- The Graph for indexing + +### ๐Ÿ“ฑ **Base App Integration** + +**Super App Features:** +- Social feed (Farcaster + Zora) +- Direct messaging (XMTP) +- Asset custody & trading +- Mini-app discovery +- Group chat functions + +**Why It Matters:** +> Your app can be discovered by millions of users inside Base App, creating a distribution channel competitors don't have. + +--- + +## ๐ŸŽ“ How to Start Building on Base + +### ๐Ÿš€ **Quick Start (5 minutes)** + +```bash +# 1. Install dependencies +npm install --save-dev hardhat @nomicfoundation/hardhat-toolbox + +# 2. Initialize Hardhat project +npx hardhat init + +# 3. Configure for Base in hardhat.config.js +module.exports = { + solidity: "0.8.19", + networks: { + base: { + url: "https://mainnet.base.org", + accounts: [process.env.PRIVATE_KEY], + chainId: 8453 + }, + "base-sepolia": { + url: "https://sepolia.base.org", + accounts: [process.env.PRIVATE_KEY], + chainId: 84532 + } + } +}; + +# 4. Deploy your contract +npx hardhat run scripts/deploy.js --network base-sepolia +``` + +### ๐Ÿ“š **Learning Path** + +#### **Beginner** (0-3 months) +1. Complete [Base Developer Quickstart](https://docs.base.org) +2. Deploy your first smart contract +3. Build a simple frontend with OnchainKit +4. Join Base Discord community + +#### **Intermediate** (3-6 months) +1. Integrate Base Account for authentication +2. Implement gasless transactions (Paymasters) +3. Build a DeFi protocol or NFT project +4. Apply for Base Grants + +#### **Advanced** (6+ months) +1. Launch on Base mainnet +2. Optimize for high-volume usage +3. Integrate with Base App +4. Scale to millions of users + +### ๐ŸŽฏ **Recommended Project Ideas for 2026** + +#### **High Impact Verticals** + +1. **DeFi Innovation** + - Lending protocols with novel collateral + - Decentralized derivatives + - Yield optimization strategies + - Cross-chain liquidity solutions + +2. **Creator Economy** + - Content monetization platforms + - NFT ticketing systems + - Decentralized social media + - Creator DAO tooling + +3. **AI Integration** + - AI agent marketplaces + - Automated trading bots + - Content generation tools + - Prediction & analytics platforms + +4. **Gaming & Entertainment** + - Onchain games with real economies + - Prediction markets + - Fantasy sports platforms + - Interactive NFT experiences + +5. **Real-World Assets (RWA)** + - Tokenized securities + - Real estate fractionalization + - Supply chain tracking + - Identity verification + +--- + +## ๐Ÿ“ˆ Market Opportunity: The Creator Economy + +### ๐Ÿ’ก **The $500B Vision** + +Base is targeting the **creator economy**, projected to approach: +- **$500 billion total addressable market** +- **50M+ creators globally** +- **Billions in annual platform fees** (going to creators instead) + +### ๐ŸŽญ **Base App: The Super App Strategy** + +**Current Features:** +- ๐Ÿ“ฑ Asset custody & trading +- ๐Ÿ’ฌ Social feed (Farcaster + Zora) +- ๐Ÿ’ฐ Direct monetization for creators +- ๐Ÿค– AI agent interactions (Bankr, etc.) +- ๐Ÿ” Mini-app discovery + +**Why It Works:** +> "Unlike most crypto wallets, Base App integrates social, financial, and wallet functions into one. This creates a sticky ecosystem where users don't just transactโ€”they engage, create, and earn." + +### ๐Ÿ“Š **Creator Revenue Model** + +**Content Tokenization (via Zora)** +1. Post content โ†’ Auto-minted as ERC-20 +2. Community trades your content tokens +3. You earn 50% of trading fees + 50% LP fees +4. Additional revenue from creator account tokens + +**Early Results:** +- $6.1M paid to creators +- $1.1M average monthly payouts (since July 2025) +- 17,800 tokens actively traded beyond 48 hours +- Sustainable creator income streams + +--- + +## ๐ŸŒ Why Base Matters: The Bigger Picture + +### ๐Ÿ”— **Bringing Billions Onchain** + +Base isn't just another L2. It's a mission to: +- **Make crypto accessible** to mainstream users +- **Empower creators** to own their work and income +- **Enable new business models** impossible in Web2 +- **Build a more open internet** where users control their data + +### ๐Ÿ“Š **Market Position & Future** + +**Current Standing:** +- ๐Ÿฅ‡ #1 L2 by revenue (62% market share) +- ๐Ÿฅ‡ #1 L2 by DeFi TVL (46% market share) +- ๐Ÿฅ‰ #3 blockchain globally by transactions +- ๐Ÿ” Top 10 blockchain by total users + +**2026 Outlook:** +- Continued dominance across all metrics +- Base App full public launch +- Expansion into new verticals (gaming, AI, RWAs) +- Deeper Coinbase product integration +- OP Stack superchain interoperability + +### ๐Ÿ’ช **Competitive Advantages Are Durable** + +| Advantage | Why It Lasts | Competitor Challenge | +|-----------|-------------|---------------------| +| Coinbase distribution | Exclusive partnership | Can't replicate easily | +| No token incentives | Sustainable economics | Others rely on emissions | +| Culture & community | Organic growth | Can't be bought | +| Technical excellence | OP Stack leadership | Open source = shared wins | +| Developer experience | Continuous investment | Resources at scale | + +--- + +## ๐Ÿค Join the Base Ecosystem + +### ๐ŸŒŸ **For Builders** + +**Get Started:** +1. ๐Ÿ“– Read the [docs](https://docs.base.org) +2. ๐Ÿ’ฌ Join [Discord](https://discord.com/invite/buildonbase) +3. ๐Ÿ—๏ธ Start building with [OnchainKit](https://docs.base.org/onchainkit) +4. ๐Ÿ’ฐ Apply for [grants](https://paragraph.com/@grants.base.eth/calling-based-builders) +5. ๐Ÿš€ Launch and scale + +**Resources:** +- [Base Documentation](https://docs.base.org) +- [Base GitHub](https://github.com/base) +- [Builder Forum](https://discord.com/invite/buildonbase) +- [Base Blog](https://blog.base.dev) + +### ๐Ÿ‘ฅ **For Users** + +**Experience Base:** +1. Get [Base App](https://base.app) (iOS/Android) +2. Bridge assets to Base +3. Explore DeFi, NFTs, social apps +4. Create and earn as a creator +5. Join the Based movement + +### ๐ŸŽ“ **For Learners** + +**Educational Resources:** +- [Base Developer Tutorials](https://docs.base.org/tutorials) +- [OnchainKit Getting Started](https://docs.base.org/onchainkit) +- [Base Mentorship Program](https://docs.base.org/get-started/base-mentorship-program) +- [Community Workshops](https://discord.com/invite/buildonbase) + +--- + +## ๐Ÿ“š Additional Resources + +### ๐Ÿ“Š **Analytics & Data** + +- [GrowThePie](https://growthepie.xyz/fundamentals/base) - L2 metrics +- [L2Beat](https://l2beat.com/scaling/projects/base) - Security analysis +- [DefiLlama](https://defillama.com/chain/Base) - TVL tracking +- [Dune Analytics](https://dune.com/base) - Custom dashboards +- [BaseScan](https://basescan.org) - Block explorer + +### ๐Ÿ”— **Official Links** + +- **Website**: [base.org](https://base.org) +- **Documentation**: [docs.base.org](https://docs.base.org) +- **Base App**: [base.app](https://base.app) +- **Developer Portal**: [base.dev](https://base.dev) +- **Blog**: [blog.base.dev](https://blog.base.dev) + +### ๐Ÿ—ฃ๏ธ **Community** + +- **Discord**: [discord.com/invite/buildonbase](https://discord.com/invite/buildonbase) +- **X (Twitter)**: [@base](https://x.com/base) +- **Farcaster**: [/base](https://warpcast.com/~/channel/base) +- **Reddit**: [r/BASE](https://reddit.com/r/BASE) +- **Telegram**: [t.me/BuildOnBase](https://t.me/BuildOnBase) + +### ๐Ÿ“ฐ **Research & Insights** + +- [Messari Base Reports](https://messari.io/project/base) +- [The Block L2 Outlook](https://www.theblock.co/data/scaling-solutions/layer-2) +- [Delphi Digital Research](https://members.delphidigital.io/) + +--- + +## ๐ŸŽฏ Conclusion: The Future is Based + +Base has proven that L2s can achieve: +- โœ… **Profitability without tokens** (84% margins) +- โœ… **Massive scale** (8.8M daily transactions) +- โœ… **Market dominance** (62% of L2 revenue) +- โœ… **Sustainable growth** (30x revenue in 1 year) +- โœ… **Real user value** ($369M ecosystem revenue) + +**The opportunity for builders has never been better:** +- 110M+ potential users from day one +- Proven product-market fit across multiple verticals +- World-class infrastructure and tooling +- Generous grants and funding programs +- A mission-driven community rallying around bringing the world onchain + +### ๐ŸŒŸ **Start Building Today** + +Whether you're: +- ๐Ÿ‘จโ€๐Ÿ’ป A developer with an idea +- ๐ŸŽจ A creator looking to monetize +- ๐Ÿ’ผ An entrepreneur seeing an opportunity +- ๐Ÿข An institution exploring blockchain + +**Base provides the platform, tools, and distribution to turn your vision into reality.** + +--- + +
+ +### ๐Ÿš€ Ready to Build on Base? + +[![Start Building](https://img.shields.io/badge/๐Ÿ› ๏ธ-Start_Building-0052FF?style=for-the-badge&logoColor=white)](https://docs.base.org/get-started/build-app) +[![Join Discord](https://img.shields.io/badge/๐Ÿ’ฌ-Join_Community-5865F2?style=for-the-badge&logoColor=white)](https://discord.com/invite/buildonbase) +[![Apply for Grant](https://img.shields.io/badge/๐Ÿ’ฐ-Apply_for_Grant-00D1B2?style=for-the-badge&logoColor=white)](https://paragraph.com/@grants.base.eth/calling-based-builders) + +--- + +**Built with ๐Ÿ’™ by the Base Community** + +*Last Updated: January 2026* + +