The cryptocurrency platform, Base, is experiencing growth in its app activity despite a slowdown in meme and AI agent usage. The increase in Morpho lending and overall DeFi value locked is driving the expansion of Base. The platform has seen a 129% increase in app activity and now has over 2 million daily active users. Base has transitioned from being a chain for NFT and meme experiments to focusing on DeFi, with its Morpho DeFi lending and SynFutures DEX driving adoption. The addition of Phantom Wallet has also helped onboard new users. Base now carries $2.27 billion in cbBTC and has locked in a total value of $3.47 billion. The platform's increased activity has led to higher fees, with Base earning over $12 million in fees in December and over $11.48 million in January. Despite its growth, Base still maintains low transaction costs and remains one of the leading chains for DeFi and CeFi activity, relying on Coinbase's regulated status and the use of USDC stablecoin.



Other News from Today