The Ethereum-based network Base, affiliated with Coinbase, celebrates its second anniversary with outstanding achievements in core metrics.
Key Achievements and Metrics
The total value locked (TVL) in the network reached nearly $4.5 billion over the past year, while transaction fees decreased by 97.7% compared to the previous year.
The number of active users grew by 1,280.6%, reaching 1.256 million, and the total number of transactions surged by 2,049.6%, hitting 9.869 million.
Key Events and Controversies
Throughout the year, Base attracted attention for significant events. In April 2025, the memecoin 'Base is for everyone' was launched, described as a 'public experiment.' However, it was later revealed that three wallets collectively earned $666,000 on the token, raising suspicions of insider trading within the crypto community.
Base founder Jesse Pollack entered a public debate with blockchain detective ZachXBT. The discussion centered on the 'viral' tokens of the Zora platform, which Pollack supported. ZachXBT criticized the assets, stating that none had achieved 'capitalization over $5 million,' and questioned their value for creators. Pollack responded by arguing that most digital content is worth little; only a small percentage accrues substantial value, likening the model to TikTok and Instagram, where only rare posts reach high valuations.
New Developments and Platform Growth
Another notable milestone occurred on July 17, 2025, when Coinbase released the new Base App, replacing Coinbase Wallet. The revamped app focuses on not just asset storage but also broad participation in the Web3 economy, integrating social features, trading, payments, and mini-apps.
This launch catalyzed growth in the SocialFi niche; the ZORA token price nearly increased by 800%, and user activity surged dramatically.
The Base network has demonstrated significant achievements in user growth and the introduction of new features, indicating its enduring impact on the crypto industry.
