Base ecosystem returning to market visibility
One, Background
Base is an Ethereum Layer 2 scaling solution launched by Coinbase. Despite Solana's recent impressive performance, Base, as the 'last hope' of the Ethereum ecosystem, backed by Coinbase, has always been the source of innovative narratives (such as social, RWA, Depin).
Current Situation: Driven by narratives of Meme, AI, and Desci, the Base ecosystem has begun to draw attention, with some projects experiencing rapid market cap growth.
Two, The Rise of AI Narratives
Numerous innovative projects have emerged in the AI ecosystem of Base, here are some representative projects:
2.1 Virtuals Protocol
Positioning: Decentralized production platform for AI Agents.
Core Products:
VIRTUAL: Platform token, market cap stabilized at $220 million.
Agentstarter: A Launchpad supporting AI Agent teams in financing and development.
Market Performance: The narrative of Virtuals has successfully attracted significant attention, making Base one of the centers of AI narratives.
2.2 Representative AI Projects
1. LUNA:
Features: Capable of self-reflection, 24/7 automatic live broadcasting, income used for token buybacks.
Market Cap: Once reached $50 million, but stabilized at a low level due to declining narrative heat.
2. AIXBT:
Function: Captures multi-source data and provides real-time information services, supporting cross-chain to Solana.
Market Cap: $34 million, attention increased after cross-chain.
3.SEKOIA:
Narrative: Supported by VC institution Canonical, an experimental project of AI investing in AI.
Market Cap: Surpassed $20 million, with an optimistic market attitude towards its narrative.
4. Clanker:
Positioning: Token issuance platform on Farcaster.
Derivative Projects: Such as LUM, ANON, some projects have seen significant market cap growth due to celebrity endorsements and community support.
Three. The Performance of Desci (Decentralized Science)
Desci is another narrative direction of the Base ecosystem, focusing on cutting-edge fields such as longevity research and synthetic biology:
1. VITA:
Background: Migrated from Ethereum to Base, focusing on funding longevity research.
Performance: Supported by celebrities like CZ, the market cap once surged to $100 million, but the hype could not be sustained long-term.
2. BABY:
Positioning: Desci DAO project launched by AthenaDAO, supporting cross-chain functionality.
Market Cap: Maintained at $2 million, with low market attention.
3. GROW:
Positioning: Launched by ValleyDAO, focusing on environmental protection and synthetic biology.
Risks: The narrative is relatively cold, with low market recognition and insufficient pool depth.
Four, The Dilemma and Hope of Base
Main Issue: Insufficient liquidity. Compared to Solana's pvp model, the meme market of Base has not yet been fully recognized by the market.
Potential: With the advancement of innovative narratives (AI, Desci), Base has the opportunity to become the last line of defense in the Ethereum ecosystem, especially in the context of overheating narratives in other public chains.
Base has demonstrated innovative vitality under the narratives of AI and Desci, but the overall ecosystem faces challenges from insufficient liquidity. As Ethereum's 'last hope', whether Base can rise based on narratives and technological innovation remains to be seen.
