Over the weekend, the L2 public chain BASE suddenly became popular, dazzling the audience with a thousand times its value.
Base is a new Ethereum L2 incubated by Coinbase and built on the open source OP Stack; and Base has no plans to issue new tokens.
Without airdrops, it will not attract people who want to take advantage of them, but the wealth effect has already spread.
The first MEME token $BALD of the BASE ecosystem was launched on July 30, and its price subsequently soared rapidly, reaching a high of $0.07 at one point.
When Chuxiao Chain first saw the information push from the small group, the price was 0.0095, and it has risen 7 times. The current price is 0.05. At present, the BALD pool still has more than 32 million US dollars of liquidity, and people continue to buy and sell, with a total of more than 20,000 transaction hashes.
From dexscreener, we can also see that other memes in the base ecosystem are following suit, with varying increases, and some memes have increased by hundreds of times.
In the crypto market, funds are always on the lookout for opportunities and will flow to where there are opportunities.
Of course, some people have planned Pixiu projects, which can be bought but not sold. Some players mistakenly bought local dogs and their investment was reduced to zero.
A new track has more opportunities for overtaking, but it is also likely to be a trap; if you are not the first one to rush in, the imitations that follow may all be big pitfalls.
How to participate in BASE interaction?
BASE is a new L2 track and has issued NFTs before. Currently, the BASE mainnet has not been officially released, and the base network can be manually added to metamask.
One of the main projects in the current base ecosystem is the leetswap platform, and its native token LEET has also increased by more than 10 times.
LEETSWAP of BASE Ecosystem
BASE has been unstoppable and has surpassed Linea and Polygon zkEVM in terms of activity, reaching the top 10, with a TVL of 62M and an increase of 6361%.
Where there is a wealth effect, there are users. Users are fed up with Linea's one odyssey after another and have withdrawn their funds to BASE. Users vote with their feet, and funds will follow wherever there is a wealth effect.
What are the popular projects in BASE?
Base is a wealthy project born with a golden key, backed by the resources and financial support of Coinbase, and is expected to be officially released in August. Although BASE has publicly stated that it will not release new tokens, users continue to pay attention to the products in the ecosystem.
For example, popular projects such as BackedFi and MESprotocol are also built on other ecosystems.
This time, BASE struck back and broke out of the circle by pulling in a few MEMEs, accumulating a large number of users and liquidity; and in the later stage, in order to retain users, it must either have continuous hot-selling products or easy-to-use products, and finally become the new overlord of the L2 track.
Of course, whether the popular projects in the ecosystem will launch airdrops in the future and what opportunities there are are also the focus of users. You might as well try it out, just in case it is an opportunity?
Of course, the popularity of MEME is short-lived, and the final outcome is zero. Those who did not follow up during the weekend break may have missed the best time to get on board.
Some activists have already seen the base ecological opportunities and have laid out MEME. If it goes up, it goes up. If it doesn’t, it will go back to zero.
Just like the leading MEME $BALD cannot remain stable at $0.07, it has now fallen to $0.05. Those who hesitated to get on board, or those who got on board at a high point, can only wait for the next opportunity.
By the time most people see the project go viral, early players are already cleaning up the battlefield, waiting for the next opportunity; those who enter the market now are probably there to take over and clean up the mess, and there is a chance they will be trapped.
There is no shortage of opportunities in blockchain, but the window of opportunity is short.
Some people who don’t rest on weekends follow and rush BALD; those who rest and relax on weekends can only slap their thighs. Of course, those who see the news in time will not follow because of the cross-chain troubles, and finally end up with regrets.
Opportunities are given to those who are prepared. Congratulations to those who seize the opportunity, 100u becomes 1wu.
BASE is backed by Coinbase, has money, resources, and is very good at playing; and as a latecomer in the L2 track, it is believed that it will continue to exert its strength, and the competition for L2 users is becoming increasingly fierce.
Get your wallet ready, there may be new opportunities soon, or they may all be gone soon. Wait for opportunities, and they will wait for you.
The above is just my personal opinion, not investment advice. I am Chu Xiaolian, and I am paying attention to the Metaverse and web3.