📝 Hello everyone, I’m 𝟏𝟎, welcome back to the #区块链开发史 project investment research series. Today I’ll take you into the world of Base chain.

As an emerging Layer2 blockchain, Base Chain is known as a star born with a golden key. Not only is it supported by Coinbase, the top cryptocurrency exchange in the United States, but it also shines in SocialFi (social finance) and MEME culture, making it stand out.

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1. Introduction to Base

Base was launched in July 2023 and is powered by Optimism's OP Stack. This OP Stack is an open source public product that provides infrastructure support for Base. Base aims to be a secure, scalable EVM (Ethereum Virtual Machine) compatible Layer2 blockchain designed to provide faster transaction speeds and lower fees.

Since its launch, Base has developed very well and has a very active ecosystem, covering DeFi, NFT, and various user-friendly applications, always at the forefront of on-chain trends. Base also launched a stablecoin service in cooperation with Stripe and gradually became the center of Layer3 solutions. Base has attracted a large amount of funds and users and has become the core of liquidity rotation. It is worth mentioning that Base's on-chain TVL (total locked value) has exceeded Optimism!

2. Deep understanding of the Base ecosystem

Base’s deep integration with the Coinbase ecosystem enables it to reach a large number of Coinbase users. This integration not only brings a large user base to Base, but also makes it more convenient for users to trade and interact on the chain.

Base has been actively promoting various ecological activities, such as Onchain Summer. These activities encourage developers and creators to innovate and create on Base, which not only attracts a large number of users, but also provides rich content and interactive opportunities for the community on the Base chain. For example, users can trade AI-generated music on Crate, participate in private conversations on friend tech, and even compete in WorldPVP.

Coinbase provides Base with a series of tools that greatly simplify users’ on-chain life. One of the most notable innovations is the introduction of smart wallets. The wallet simplifies the login process, eliminating the need for lengthy recovery phrases, and allows dApps to pay gas fees on behalf of the user, improving the overall user experience.

Base has built a supportive ecosystem that rewards builders who are willing to try new things. This support and encouragement not only keeps users highly engaged, but also creates a casual, consumer-friendly atmosphere that is rare in the highly competitive DeFi space.

3. Core highlights of Base

Base is designed as a cross-chain bridge that connects Ethereum L1, other L2 solutions, and other major public chains, aiming to enhance the interoperability and user experience of the crypto economy. Coinbase emphasizes its open source principles and regards Base as the foundational software for the global crypto economy. Developed by Optimism under the MIT license, Base works with Optimism to ensure that its technology is open to all developers and provides free public infrastructure support.

In terms of decentralization, Base is committed to remaining open, global, and inclusive. Coinbase's resource injection will drive Base's upgrade from Phase 0 to Phase 1 rollup, with plans to complete Phase 2 rollup in 2024 to enhance security and scalability and support a wider range of blockchain applications and user groups.

Base's vision is to become an open ecosystem based on Coinbase's products, users, and assets. Through extensive collaboration with the community, Base promotes the adoption of blockchain technology and provides an inclusive and innovative environment for developers, enhancing the vitality and sustainability of the crypto economy.

4. Can Coinbase push Base to the top?

With the support of Coinbase, Base obviously has multiple advantages.

First of all, it is about trust. As one of the most well-known and trusted names in the industry, Coinbase's endorsement brings reliable credibility to Base. This is very important for attracting Coinbase's 110 million users. It also allows Base to establish in-depth cooperation with big partners like Stripe, which can be said to kill two birds with one stone!

Second, there are partnerships. Base’s partnership with this financial services giant is more than just one plus one equals two. It builds L2 into a payments superhighway, potentially competing with popular stablecoin exchanges like Solana, and shows other Web2 companies that Base is a credible place to scale on-chain businesses. With the financial backing of such a global enterprise, Base also has more room to innovate, providing services such as cloud access, institutional portals, and an integrated development platform to the community.

Finally, don’t forget marketing. With strong financial support, Base’s name and the entire industry are closer to the public. With Coinbase as a big backer, Base’s future is bright!

5. Tail

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