Base, the layer-2 network of Coinbase, is facing challenges as its total value locked (TVL) and transaction volume have declined. The network's revenue, active addresses, and transactions have also fallen. Only a few tokens on the network are currently profitable, indicating weakening retail interest. Prior to the market downturn, Base experienced significant growth, but its current condition raises the question of whether this is a temporary setback or a turning point for the network. Analysts remain hopeful for Base's mid-term trajectory, especially with expectations of an altseason and the network's ambitious roadmap for 2025.



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