According to a report by Nansen, Base, a Coinbase-backed Ethereum Layer-2 solution, is experiencing rapid growth and is poised to become a key infrastructure provider for mainstream consumer blockchain applications. Key developments in the second quarter include the launch of Flashblocks, which will make Base the fastest Ethereum Virtual Machine (EVM)-compatible blockchain, and the introduction of Base Appchains, which enable high-throughput apps to deploy dedicated Layer-3 networks. The report also highlights smart wallet enhancements and increasing on-chain metrics, positioning Base as a strong contender in the industry. Regulatory developments and the absence of an official base token are also seen as positive factors for Base's future success. Different base-native tokens, such as AERO, VIRTUAL, CLANKER, and WELL, are available for market participants seeking exposure to the ecosystem. Nansen recommends caution in investing in these tokens until there are clearer signals of a broader crypto market recovery. Overall, Nansen believes that Base's improvements, regulatory clarity, and strong ecosystem make it well-positioned to lead the next wave of consumer blockchain applications.



Other News from Today