BALD has doubled overnight, what else is worth paying attention to in the Base ecology besides Meme?

On July 13, the Layer 2 network Base launched by Coinbase opened its main network to developers. Some tools for developers are now live on the Base mainnet. At present, although the main network has begun to operate, it has not been officially released to users. The Base mainnet is expected to be officially released to the public in early August.

At present, relatively basic ecological projects and assets have appeared on Base. Today, bald, the meme leader on Base, has aroused heated discussions in the community a thousand times a day.

Base has not been officially released, how to participate in the transaction?

According to L2BEAT data, the total TVL of Base has exceeded 10 million US dollars, and currently reaches 10.44 million US dollars, an increase of 1024.81% on the 7th.

Currently, the Base mainnet has not been officially released to the public. People may wonder, how does a project that has not been released on the mainnet get capital inflow?

The official Base document shows that the Base official bridge is currently only connected to the test network, and cannot use the official bridge to connect to the Base main network. However, users can still deposit funds into L2 by manually transferring funds to the contract. (The Base network can be quickly added to the wallet from the chainlist.)

Users can transfer ETH to the following contract address to bridge ETH from the Ethereum mainnet to Base:

0x49048044D57e1C92A77f79988d21Fa8fAF74E97e

It should be noted that this contract can only receive ETH at present, please do not send any other assets to this address. Currently this address is only available on the Ethereum mainnet and cannot send assets from other chains.

Which projects in the Base ecosystem are worthy of attention?

The Base project that has received the most attention at present is naturally BALD, the leader of meme, which is multiplying by a thousand times a day. The project was born less than 24 hours ago. DEXScreener data shows that the current FDV of this asset has exceeded 40 million US dollars, which is currently about 40.9 million US dollars. Liquidity has also reached $15.6 million.

And when we searched for BALD on Twitter, we also found some interesting phenomena. Some suspected robot accounts are publishing the same copy quickly and frequently. And most of these accounts never posted other tweets.

Apart from BALD, there is a lack of other assets on top of Base.

Currently, Base only has one active Swap transaction, namely LeetSwap. Data on the chain shows that LeetSwap has executed more than 40,000 transactions, making it the contract with the second largest number of transactions on the Base chain. In addition, the contract with the most interactions is Base's commemorative NFT, with over 90,000 transactions.

The assets on LeetSwap are relatively single. In addition to the meme leader BALD, it also includes LeetSwap’s native token LEET, with an FDV of about 23 million US dollars. BRIAN of the burningbrian project, the FDV is about $710,000. The rest of the currencies are all too small in market capitalization (less than 500,000 USD) or too low in liquidity (less than 100,000 USD).

Not yet officially released, still to be on the right track

According to the previously announced release plan, Base will be officially released in early August.

Checking its official Twitter, we can find that Base is already conducting intensive publicity activities. Recently, a number of ecological partners who will "do things" in Base have also been announced. In the past half a month, projects including Blast API Blast, QuickNode, Blockdaemon, The Graph, etc. have announced that they have been launched on the Base mainnet.

But a little observation shows that these projects are all infrastructure projects, providing developers with more comprehensive tools and support. But such infrastructure projects are more like "reinventing the wheel". The current Base lacks products that are directly oriented to C-end users, and there is a dilemma that there are more "wheels" than "cars".

In the market environment of scarcity of projects and shortage of assets, it is not surprising that Base, a wealthy project with a golden spoon in it, has a situation where Memes are flying together.

When Base is officially released in August, will there be truly "heavyweight" projects in the Base ecosystem, or will it become the next target with little value after a short period of hype?