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Is the base layer-2 ecosystem interesting?

Based on on-chain data via token terminal, the growth of the base layer-2 network has seen a significant increase in terms of revenue, development and deposits into its network over the past 180 days. Base operates as an Ethereum Layer 2 specifically designed for EVM-based networks. The project was incubated by Coinbase and formed as a secure, economical and friendly platform for decentralized application (dApps) developers.

This second layer ensures interoperability by allowing direct integration with Layer 1 (L1) networks such as Ethereum, Coinbase and other compatible chains. This interoperability can be realized by utilizing the MIT-licensed OP Stack, which was developed with Optimism.

Within the base network itself, there are many coins built on its network, such as velodrome, degen, brett, aerodrome and various other projects. Seeing the development of on-chain data within the base network which has increased significantly indicates the high demand for coins in the network. However, considering that there are more meme coin projects being built on this base network itself, this indicates that there is still high interest among meme coin investors in their speculation with projects without such utilities.

$OP $ETH $VELODROME

#layer1layer2 #CoinbaseFeature #BRETT #degentoken #Velodrome