Exploration based on Base Chain: Opening a New Chapter in Blockchain

With the development of blockchain technology, the demand for cryptocurrencies and decentralized applications (DApps) is growing. However, challenges such as high transaction costs and low processing speeds remain. To address these issues, Coinbase has launched a Layer 2 solution called Base, built on the open-source OP Stack technology, aimed at providing more efficient scaling for Ethereum.

Key Features of Base Chain

Base’s design shines with its close integration with Ethereum. As a Layer 2 solution, Base leverages Ethereum’s security and decentralization. Through optimized Rollup technology, Base significantly reduces transaction costs and increases transaction speed, making it ideal for EVM-compatible applications to run more cost-effectively.

1. Shared Security with Ethereum
   As Base is built on Ethereum, it directly benefits from Ethereum's robust security and decentralization, ensuring a reliable environment for both users and developers.

2. Low Cost and High Performance
   Base lowers transaction fees significantly through Rollup technology, improving transaction speed, making it particularly useful in high-frequency trading and decentralized applications.

3. No Native Token
   Unlike many Layer 2 solutions, Base does not have its own native token and continues to use ETH for Gas fees, giving developers flexibility and simplifying token management.

4. Open Source and Community-Driven
   Base is built on an open-source ethos, encouraging innovation and collaboration. Anyone can contribute to Base's development. Additionally, Base's use of the OP Stack provides modular development tools, enabling developers to deploy applications quickly.

Notable Projects on Base

Since its launch, Base has attracted many developers and projects. Here are a few standout projects:

1. Brett
   Brett is a Meme token on Base, with a market cap reaching $331 million. It has become an integral part of Base’s ecosystem, serving both as an investment vehicle and a community hub.

2. Aerodrome
   Aerodrome is the first decentralized exchange (DEX) on Base, providing low-cost token trading and liquidity markets. It has attracted 34,000 active users and has a TVL (Total Value Locked) of $341 million.

3. Normie
   Normie is a Meme coin focused on attracting regular users to the crypto world, using educational and incentive mechanisms to drive broader participation.

4. WAGMI Games
   WAGMI Games combines blockchain with gaming, aiming to create an engaging decentralized gaming experience with NFTs and virtual item ownership.

Conclusion

As a Layer 2 solution, Base is revolutionizing Ethereum’s scalability with its powerful technical architecture and Coinbase’s support. With new projects constantly emerging, Base is injecting innovation and vitality into the cryptocurrency and blockchain ecosystem.