According to (The Defiant), with the spread of AI agents and the AI meme coin craze, the assets and trading activity on the Ethereum Layer 2 network Base have recently continued to hit historical highs.
According to data from DefiLlama, the Total Value Locked (TVL) on the Base chain has now reached $3.5 billion, surpassing the previously leading Arbitrum, becoming the Ethereum Layer 2 with the highest TVL. The trading activity in the Base ecosystem has also continued to increase, with data from TokenTerminal showing that the total number of transactions on the chain reached nearly 54 million last week, compared to just 29 million in the first week of September.
One of the recent factors driving the growth of the Base chain is the explosive growth of AI and metaverse protocol Virtuals Protocol within its ecosystem, which allows users to deploy self-operating AI agents that unlock new development features when their token's market cap reaches specific milestones.
Currently, the highest market cap AI agent launched through the Virtuals platform is aixbt, whose token AIXBT has reached a market cap of $153 million. According to information from the Virtuals Protocol official website, aixbt is a self-operating agent that pushes key insights and 'alpha' collected from the cryptocurrency market, and token holders can gain access to its analysis platform.
aixbt attracted the attention of 'Crypto Twitter' (the cryptocurrency community on X) due to its efficient information filtering capabilities, and since its launch earlier this month, its X account has gained over 30,000 followers.
Source: Virtuals Protocol
Due to the increase in platform activity, the price of the native token VIRTUAL for Virtuals has also soared, as the proxy tokens must be purchased using VIRTUAL tokens. According to data from CoinMarketCap, the price of the VIRTUAL token has risen by 75% over the past week, with a market capitalization reaching $960 million at the time of writing, trading at $0.96.
AI Meme Coin Craze
Another factor driving the growth of the Base chain is AI meme coins, particularly those launched by the AI agent account Clanker. Clanker issues tokens on the Base chain based on text commands provided by users, who can interact with the Clanker account on the decentralized social protocol Farcaster.
According to Dune's data, the fees generated by Clanker on November 26 reached a record $1.2 million. Since its launch on November 8, Clanker has accumulated a fee revenue of $7.1 million. In the past 24 hours, nearly 23,000 users interacted with Clanker, accounting for 30% of its total user base, driving transactions worth $77.7 million.
Reports indicate that Clanker was co-created by Jack Dishman, a full-stack engineer at Farcaster, and Proxy, a venture studio based on Farcaster. On November 26, Proxy announced that Clanker's smart contract would soon be updated, allowing users to receive 40% of the fees generated by tokens issued by Clanker to further drive protocol adoption.
According to Dune's data, the tokens created through Clanker have exceeded 4,700 types, including three tokens with market caps reaching eight digits: Luminous (LUM), Anoncast (ANON), and Tokenbot (CLANKER).
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