The popularity of the Base chain ecosystem is rising, and its multifaceted development is worth following.

The Ethereum Layer 2 solution Base chain is迎来 a new wave of development. Transitioning from technical infrastructure to widely applicable scenarios, the Base chain ecosystem is experiencing significant progress in multiple areas.

Platform Integration Promotes Mainstreaming of On-Chain Assets

A well-known exchange is actively integrating the Base chain into its core product logic. In the future, users are expected to directly interact with Base chain projects using their account balances within the exchange's application, without the need for complex on-chain operations. This integration strategy brings two significant changes:

1. Lower the user threshold: A seamless trading interface similar to a centralized experience, making it easier for ordinary users to access decentralized applications.

2. Enhance liquidity potential: Once Base chain projects gain support, they can quickly reach tens of millions of users, providing important launch ground for early applications.

In addition, the exchange plans to integrate tens of thousands of on-chain assets into the main application, creating a more complete on-chain asset trading closed loop.

Breakthrough in Real-World Scenarios

Recently, a well-known e-commerce platform announced that it will allow merchants to accept USDC payments on the Base chain, covering consumers in more than 30 countries worldwide. This marks the first large-scale entry of the Base chain into mainstream payment systems, with its potential influence expanding from crypto-native users to a broader internet economy.

Financial Giants Test the Waters

The attitude of traditional financial institutions is also worth following. A major bank recently tested the issuance of its "deposit token" on the Base chain, to represent dollar deposits. This type of asset may have the ability to accrue interest in the future and comply with regulatory paths. It is seen as an alternative to traditional stablecoins, and if progress goes smoothly, it is likely to become an important touchpoint for traditional institutions such as banks, brokerages, and payment platforms to "go on-chain."

Potential Projects Worth Following

Against the backdrop of the flourishing Base chain ecosystem, the following projects are worth following:

1. Aerodrome (AERO)

   • The core DEX on the Base chain, using the ve(3,3) model
   • The current TVL has reached $990 million, making it the largest AMM protocol on the chain.
   • After integrating with a well-known exchange application, the number of users and trading volume further increased.

2. Spark Protocol

   • Lending protocol developed based on the Compound v3 engine
   • The interest rate mechanism is flexible and can be dynamically adjusted according to market changes.
   • Support for lending various mainstream stablecoins
   • The total locked amount on the Base chain currently reaches $410 million.

3. StarGate Finance

   • Cross-chain bridge hub on Base chain
   • Provide one-click asset transfer between Base and other main chains
   • Become an important channel for supporting cross-chain transfers and fund flows of multiple stablecoins.
   • The TVL on the Base chain remains stable at around $120 million.

4. Moonwell

   • A lending protocol focused on user experience and security
   • Integrate dual security mechanisms to reduce settlement risk
   • Provide detailed user guides to promote community participation in governance
   • Connected to a well-known exchange's smart wallet, lowering the usage threshold.
   • The current TVL on the Base chain is approximately $64 million, with a stable growth trend.

Conclusion

The Base chain is gradually evolving into a bridge connecting centralized trading platforms, payment scenarios, traditional financial institutions, and crypto users. Following its ecological development may provide investors with a forward-looking perspective on the next round of public chain narratives or user migration trends. Although the aforementioned projects are at different stages of development, they have shown certain progress in terms of community activity, technical design, or capital support. However, risks in the crypto market still exist, and it is recommended that investors make decisions after thorough research.