The Base ecosystem is recovering and the 2024 goal has been quietly achieved.
Recently, AI tokens in the Base ecosystem have generally risen, with VIRTUAL rising 37% in 24 hours; LUNA rising nearly 25% in 24 hours; AIXBT's market value reaching as high as $200 million; SEKOIA and GAME by Virtuals (GAME) rising more than 100% in 24 hours, with a strong wealth-creating effect. Net capital inflows continue to increase, developer activity is also steadily improving, and the ecosystem is performing quite well. This article will take a look at the situation and changing trends of developers, ecology, and capital markets in the Base network this year from a data perspective. Roadmap for early 2024 In January of this year, Base released its 2024 strategy and roadmap, which regards Base as an economy consisting of three parts: a developer platform, an application ecosystem, and a capital market, and builds around it. It aims to accelerate decentralization while improving network availability, reducing fees across the board, setting smart wallets as default settings, simplifying on-chain, and introducing Coinbase on-chain. As the end of the year approaches, Base has once again attracted attention from all parties with its AI agent. The 2024 annual roadmap seems to have been quietly completed. Developer activity is growing steadilyOn-chain developers are crucial to public chains. They are responsible for building and deploying smart contracts, decentralized applications (DApps), and other blockchain technology solutions. On-chain developers drive innovation in public chain technology and diversify applications, and are the source of value for public chains. Active developers can bring innovation to the ecosystem. And the prosperity of the ecosystem will attract capital inflows to achieve a positive flywheel. At the beginning of the year, Base listed on-chain developers as an important part of the three components of the economy. As of July 2024, according to Developer Report data, the average monthly number of active developers on the Base chain reached 3,991, and the number of full-time active developers was nearly 900, second only to Ethereum, an increase of 52%, the fastest growth among all block networks, and the second largest developer active network in the entire public chain market. Source: https://www.developerreport.com/In addition, Base has many incentives for developers. As a standardized EVM, developers can also deploy contracts more easily to increase on-chain activity. According to Dune (@sixdegree) data, the number of contracts created by the Base network each month is steadily increasing. Image source: https://dune.com/sixdegree/base-blockchain-overview The ecosystem is becoming increasingly rich. The Base ecosystem includes DeFi but is never limited to DeFi. 66% of its active on-chain applications are non-DeFi. Base network applications perform extremely well in the fields of NFT, social and AI. outstanding. Recently, various AI tokens in the Base ecosystem have generally risen, which has a good wealth creation effect. SEKOIA, GAME by Virtuals (GAME) increased by more than 100% in 24 hours. At the same time, the transaction volume on the Base chain has also experienced rapid growth. According to Dune data (@watermeloncrypto), transaction popularity reached a new peak of 11.44 million on November 26. Compared with the beginning of 2024, the number of transactions has increased 42 times, and its transaction activity undoubtedly demonstrates Base’s endless development potential. Image source: https://dune.com/watermeloncrypto/base In addition to the increase in the number of transactions, user activity has also increased significantly. According to Dune data (@watermeloncrypto), the weekly active addresses on the Base chain have surged from 300,000 in January to 6.57 million in November, and reached an all-time high of 7.19 million on October 7, an increase of more than 2000% so far. . Picture source: https://dune.com/watermeloncrypto/base Capital market funds continue to flow in. As the ecology becomes hot, the capital market also continues to see positive inflows. According to L2BEAT data, as of November 29, Base’s total locked value (TVL) has surpassed Optimism, ranking the second largest L2 network, second only to Arbitrum. Source: https://l2beat.com/scaling/summaryAccording to Token Terminal data, Base is also growing steadily in terms of revenue. From September to now, revenue has continued to increase. Figure source: https://tokenterminal.com/ In addition, it is worth noting that according to Artemis data, Base’s net capital inflows have surpassed Solana in November 2024, and the monthly inflow rate has also continued to increase. The continued inflow of funds into the Base chain reflects that the ecology on it is still on the eve of an explosion. Image source: https://app.artemis.xyz/home Conclusion At the beginning of 2024, Base made a mission: to build a global on-chain economy that promotes innovation, creativity, and freedom. Recently, Base has continued to grow in terms of developer activity and ecological richness, and the flow of funds has become faster and faster. Judging from various data, Base is moving forward steadily.

#AI