Analysis of the Recent Development and Future Trends of the Base Ecosystem

1. Recent Changes in the Base Ecosystem

Recently, the Base ecosystem has shown significant characteristics of an "explosive period". The daily active addresses of ecological users, the total locked value ( TVL ), and the daily transaction volume are all on a rapid upward trend. This is mainly due to the successive hype of several popular topics within the ecosystem, attracting widespread market attention. From a macro perspective, the global stock market's optimism towards the concept of stablecoins is also spreading, especially against the backdrop of potential improvements in the regulatory environment, making Base a more favored choice among institutional investors.

Main Data Performance:

• The number of active users has grown exponentially, recently reaching a historic high of 3.6M.
• The total locked value climbed from 2.8 billion USD in May to nearly 4 billion USD, returning to the peak level of the bull market.
• Since May, the average daily trading volume has approached 9 million transactions, reaching the highest level of the bull market.

2. Analysis of Popular Projects in the Base Ecosystem

1. Virtual: Innovative new mechanism igniting the market

Virtual, as one of the most关注 projects in the recent Base ecosystem, has rapidly attracted a large amount of funds and user participation with its unique new issuance mechanism. Its core advantages include:

• Extremely low financing price: New projects raise funds with a market value of approximately $224,000, allowing users to participate at a very low price, with significant potential for profit.
• Token linear unlocking: Adopts a transparent token economic model similar to VC coins, unlocking in batches.
• Low-risk participation: Full refund for unsuccessful fundraising projects, and only a small number of high-quality projects are issued daily.
• Reduce malicious behavior from project parties: set a 1% fee, of which 70% is returned to the project parties, forming a positive ecological closed loop.

However, as the platform's popularity rises, early users frequently obtain short-term high returns through the "buy and sell immediately" strategy, leading to significant selling pressure on new projects. In response, Virtual has introduced a "green lock mechanism," which sets a mandatory lock-up period for new buyers. Although this mechanism helps to extend the project lifecycle, it also significantly alters the original speculative logic, resulting in a periodic decline in market enthusiasm.

2. Kaito: Leader in the Attention Economy

As a leading project in the "Information Finance ( InfoFi )" sector, Kaito has seen a price increase of over 200% since May. Its core highlight is the Yaps module, which incentivizes users to create high-quality content around popular projects by "tokenizing attention" on the content they publish on social platforms. This mechanism has greatly boosted community engagement and attracted a large number of content creators and opinion leaders.

Kaito has also launched the Yapper Launchpad system based on points ranking and the AI-driven information network Kaito Connect, achieving a collaborative closed loop of content contribution, points allocation, and project selection. Users can obtain airdrop eligibility and platform governance rights through Yaps, participate in project ranking votes and quality content incentives, forming a unique "create while investing" logic.

3. Future Development Trends of Base

With the gradual clarification of the regulatory environment, Base is gradually evolving into a well-structured on-chain financial and content infrastructure. Its future development may revolve around the following three directions:

1. Establish a compliance asset entry channel to the blockchain: Promote deep integration between centralized trading platforms and the Base chain, simplifying user interaction processes.

2. Build a compliant stablecoin system: Collaborate with traditional financial institutions to pilot the issuance of "compliant stablecoins" and "deposit tokens" on the Base chain, paving the way for the digital migration of traditional financial assets.

3. Build a diverse ecological scene: Covering on-chain US stock trading, global cryptocurrency payments, compliant DeFi, on-chain credit, and innovative applications such as AI Agent, activating the actual usage demand for on-chain US dollars.

High-Potential Project Outlook

• Aerodrome and Uniswap: As integrated DEX platforms, they are expected to receive continuous and stable institutional liquidity support.
• Keeta: A high-performance RWA public chain that may engage in deep cooperation with Base in the direction of RWA compliance in the future.
• Creator Bid: The new version introduces mechanisms such as staking for new bids, enhancing user participation and expanding the creative economy gameplay.
• Upside: The first social-oriented prediction market platform with the potential to become a new type of application that combines liquidity and content attributes.

Overall, the narrative continuity and institutional linkage capabilities demonstrated by the Base ecosystem make it a promising bridge for traditional capital to enter Web3. For investors, Base is not only a hot rotation track but also a key sample for observing the transformation path of the crypto industry towards "compliance, financialization, and practicality."