The Rise and Future Development of the Base Ecosystem

Since the end of May 2025, the Base ecosystem has shown a significant growth trend. User activity, Total Value Locked (TVL), and daily trading volume have all experienced rapid increases. This explosive growth mainly stems from the successive hype of several popular projects within the ecosystem, attracting widespread market attention. From a macro perspective, the popularity of stablecoins in global stock markets has risen, especially in the context of a potentially improving regulatory environment, making Base a preferred choice for traditional institutions.

Key Metrics of the Base Ecosystem

• The number of active users has grown exponentially, recently peaking at 3.6 million.
• The total locked value has risen from 2.8 billion dollars in May to nearly 4 billion dollars, returning to the bull market peak of 2024.
• Since May, the average daily trading volume has approached 9 million transactions, reaching the highest level of a bull market in 24 years.

Popular Projects in the Base Ecosystem

1. Virtual: Innovative new mechanism ignites the market

Virtual has quickly become one of the most关注的 projects in the Base ecosystem thanks to its unique new issuance mechanism. Its token price rose from $0.5 in mid-April to a peak of $2.5 in early June, an increase of 400%. The core advantages of Virtual include:

• Extremely low financing price
• Token linear unlocking mechanism
• Low-risk new investment participation model
• Innovative project party incentive mechanism

However, as the platform's popularity increased, early users frequently obtained short-term high returns through the "buy new and sell immediately" strategy, which caused significant selling pressure on new projects. In response to this issue, Virtual launched the "Green Lock Mechanism," which imposes a mandatory lock-up period for new buyers. While this measure helps extend the project's lifecycle, it also leads to a longer profit cycle for users, decreased capital efficiency, and a periodic decline in market enthusiasm.

2. Kaito: Pioneer of Attention Economy

Kaito, as a leading project in the "Information Finance (InfoFi)" sector, has seen its price rise from $0.79 to a peak of $2.41 since May, an increase of nearly 205%. The core highlight of Kaito lies in its Yaps module, which tokenizes the "attention" of users' content posted on social platforms, creating a content-driven influence mechanism for Web3 communication.

Kaito has also launched the Yapper Launchpad system based on point rankings and the AI-driven information network Kaito Connect, achieving a collaborative closed loop of content contribution, point distribution, and project selection. This model, anchored in content value, brings a new narrative to Base and opens up new imaginative spaces in the integration of social and financial tracks.

Future Development Trends of Base

Against the backdrop of the U.S. Senate passing the GENIUS stablecoin bill, Base, as a compliant on-chain trading entry, is implementing three major strategic layouts:

1. Open up the compliance asset access channel: bring exchange account balances onto 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, providing a channel for fiat funds to be on-chain.

3. Build a diverse ecological scenario: Promote innovative applications such as on-chain U.S. stock trading, global cryptocurrency payments, compliant DeFi, and on-chain credit to create a complete value loop for on-chain dollars.

High-Potential Projects in the Base Ecosystem

• Aerodrome and Uniswap: As DEXs integrated by certain trading 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: Launching version 2.0, introducing new mechanisms such as staking and new offerings to enhance user participation.
• Upside: The first social-oriented prediction market platform on Base, with the potential to become a new type of application that combines liquidity and content attributes.

Base is evolving from a transaction-active L2 network into a well-structured on-chain financial and content infrastructure. Although some hot projects face challenges of cooling interest in the short term, in the long run, the narrative sustainability and institutional connectivity demonstrated by the Base ecosystem give it the potential to become an important bridge for traditional capital entering Web3. For investors, Base is not only a sector of hot rotation but also an important sample for observing the "regulation, financialization, and practicality" transformation path of the cryptocurrency industry.