Original Title: "BASED Weekly Issue 009"
Original Author: goyabean
Original Translation: Wenlanbo, ChoeyGit, 183Aaros
Welcome to the ninth issue of "BASED Weekly," where we will delve into the transformative advancements that occurred on-chain this week. This issue focuses on how traditional sectors collide with decentralized technology, reshaping finance, culture, and community. From JPMorgan's groundbreaking initiative of launching JPMD on Base, to the surge of creativity in Base Batches globally, and Shibuya Film democratizing film production, we are witnessing a new era where the power of blockchain technology is unlocking unprecedented possibilities.
This week's stories showcase the rapid development of the Base ecosystem, including Etherfuse bringing Mexican government bonds on-chain, Coinbase's wallet.fund revolutionizing fiat deposit methods, and Aevo Degen adjusting to the needs of high-leverage traders. We can also envision new forms of social trading, AI feedback, and security implementations through the launch of Tako Wallet and the events joining the Base network with Runtime Verification.
JPMorgan Launches JPMD on Base: A New Era for Institutional Development
On June 17, 2025, @base announced that JPMorgan is bringing banking services on-chain by launching JPMD, a dollar deposit token exclusively for approved institutional clients. This initiative, detailed by @base, marks JPMD as the first of its kind on a public blockchain, enabling fast, secure, and around-the-clock fund transfers between trusted parties.
The near-real-time transactions, providing institutions with almost instant settlement and real-time liquidity, were key factors in JPMorgan's choice of Base. Kinexys, launched by @jpmorgan, has created conditions that reduce fund transfer times from days to seconds, representing a significant case of commercial banks transitioning to on-chain development.
This move aligns with JPMorgan's broader strategy and positions Base as a key player in institutional on-chain financial strategies. This could attract more institutional interest in Base, enhancing its ecosystem.
Base Batches Roadshow Day: Gathering 5,000 Builders and 900+ Projects
The Base Batches Roadshow Day is approaching, and you can participate by watching the live stream. A total of 5,000 builders and over 900 projects are involved in this event, with the top 75 projects competing on June 23-24, 2025.
As noted in the official announcement on June 15, 2025 (source: basebatches.xyz), this global event aimed at incubating new on-chain applications has seen significant participation. The top 75 teams will compete for up to $1 million in funding, judged by an outstanding panel including @jessepollak, @cbventures (Coinbase Ventures), @seedclubhq (Seed Club), @alliancedao (Alliance DAO), @ethereum (Ethereum Foundation), and @1kxnetwork (1kx).
On-Chain Social Trading: Tako Wallet Launches on Base
On June 19, 2025, @TakoProtocol announced the official launch of Tako Wallet on @base (source: @TakoProtocol, June 19, 2025).
This wallet is part of the Social by Circles initiative, now allowing users to manage assets and engage in social trading directly within the app, all supported by Base's infrastructure. From tipping and gifting to subscriptions, all microtransactions on Tako are now fully on-chain, enhancing transparency and efficiency.
Etherfuse Launches CETES on Base: A New Chapter in On-Chain Finance
On June 20, 2025, @etherfuse announced a groundbreaking development by bringing Mexican government bonds CETES to @base through its platform.
This initiative marks a significant step forward for on-chain finance. With the newly established bridge by Etherfuse, anyone on Base can freely deposit and withdraw their Mexican pesos (MXN) with any local Mexican bank account. CETES are short-term bonds issued by the Mexican government, trusted by millions of Mexicans, and are now accessible via app.etherfuse.com.
CETES are backed by the credit of the Mexican government, providing a low-risk investment option. This integration offers a cost-effective way to remit money to Mexico, with fees far lower than traditional remittance services like Xoom, which charge an average of 2-3%. This event could fundamentally change cross-border finance on Base. We can explore highly valuable collaboration opportunities here: @TandaOnchain X @etherfuse
Coinbase Developer Platform's wallet.fund: Revolutionizing Fiat Deposit Methods
On June 20, 2025, @CoinbaseDev announced a major update to the Coinbase Developer Platform (CDP), introducing wallet.fund, which simplifies the process for any wallet to call a new API for fiat deposits (source: @CoinbaseDev, June 20, 2025).
This feature, detailed in their X post, integrates the cumbersome multi-step process of transferring fiat from a bank to an exchange, converting it to cryptocurrency, and then transferring it to a wallet into a single programming flow, allowing fiat in your bank account to directly enter your wallet as cryptocurrency. The announcement included a demonstration by @lakshaywifhat showcasing two options: one for a quote-based process to preview transactions and another for a direct process for instant fund injection.
This innovation is based on CDP's mission to empower developers. This is mentioned in Coinbase's developer documentation, significantly reducing barriers compared to traditional methods that could take hours, by simplifying the deposit process and addressing key pain points. This update accelerates adoption among developers and users to some extent. For more information, visit: developers.coinbase.com
Base's 10x Growth Scalability Strategy
On June 18, 2025, the Base official blog elaborated on their ambitious network scalability plan, as described in the blog post "Scaling Base to Sustain 10x Growth," aimed at supporting 10x growth. This strategy is crucial, driven by DeFi, NFT, and developer activity (source: Coinbase Q2 2025 Ecosystem Report), with Base's transaction volume exceeding 75 million in Q2 2025, a 40% increase from Q1. The blog post emphasizes enhancing network capacity, optimizing transaction throughput, and reducing costs to support this growth.
Key initiatives include:
Infrastructure Upgrades: Base is implementing advanced sorting and data availability solutions to meet growing demand, aiming to increase transaction capacity by 10x by the end of the year.
Developer Tool Expansion: Launched in 2024, the Coinbase Developer Platform (CDP) currently supports over 500,000 developers globally and provides new tools like wallet.fund to simplify fiat deposits.
Community Engagement: Base is nurturing a vibrant ecosystem through projects like Base Batches, where 5,000 builders and over 900 projects are competing for up to $1 million in funding on June 23-24.
Read the full blog post here: https://blog.base.dev/scaling-base-sustain-10x-growth
Base Builder Quest 6
Base Builder Quest 6 was announced on June 19, 2025, through an X post, launching a 24-hour competition aimed at integrating Smart Wallet Profiles into on-chain applications. This task aims to achieve lightning-fast checkout speeds using only wallet addresses and delivery information, transforming the on-chain shopping experience.
Detailed information is provided in the guide, where the developers' task is to collect data such as email addresses, phone numbers, names, physical addresses, and wallet addresses, and validate it through a data callback API endpoint. A key requirement is to inform users about the use of their data through a privacy policy.
The 24-hour time limit adds to the challenge, prompting developers to innovate quickly. This task offers a total prize of 2 ETH: 1 ETH awarded to the winner, and an additional 1 ETH shared among up to 4 finalists.
Winner // 1 ETH:
· @ubinhash and their project "Where are the Basers Based?"
This project creates a map for the Base community to fill out, allowing users to mint NFTs using smart wallets and share their locations through profiles. This embodies the goal of seamless integration and user engagement.
Finalists // 0.25 ETH (each):
· @Story91_ and their project "Clicket"
Clicket provides a ticketing solution for event participants, featuring a clear privacy policy to ensure transparency in data usage, meeting the task's requirements.
· @techwithmide and their project "Wishlist Share"
Wishlist Share simplifies the creation and sharing of wish lists, with items delivered directly to users' homes. The integration of smart wallet profiles makes the registration process ten times easier, enhancing user experience.
· @TheCyberVerse1 and their project "Eventful"
Eventful streamlines the ticket booking process and allows payments in USDC, sending tickets to users' emails. The seamless registration and checkout process powered by smart wallet profiles showcases the impact of this task.
Earn Yupp Credits on Base: Evaluate AI Models and Earn USDC
On June 18, 2025, @base announced a new integration with @yupp_ai, allowing users to earn Yupp Credits by evaluating AI models and redeeming those Credits for USDC on Base. This initiative transforms AI feedback into on-chain income.
According to @yupp_ai, the Yupp platform operates on over 500 AI models, rewarding users with Credits for providing feedback, which can be exchanged for cash or stablecoins for instant rewards.
The platform focuses on results rather than brand promotion, offering a straightforward experience where users can compare responses from multiple models side by side, without dropdown menus or lengthy discussions. Recent user trials highlighted the platform's intuitiveness, providing free access to over 500 AI models, enabling users to easily identify the model that best fits their specific needs. https://yupp.ai
xmtp and bankr Integrate with Coinbase Wallet
On June 21, 2025, following Coinbase's recent push to expand its self-custody products, @0xDeployer shared exciting news highlighting the integration of xmtp and bankr into Coinbase Wallet.
xmtp recently secured $20 million in funding on May 15, 2025, and this integration introduces a decentralized messaging layer via xmtp, aimed at enhancing interoperability with wallets like Coinbase (source: TechCrunch, May 15, 2025). Additionally, it introduces bankr's AI-driven cryptocurrency assistant, aligning with the $1 billion growth trend in AI crypto projects.
Bankr Initiative: Combining Social Mindshare with On-Chain Metrics
On June 18, 2025, @bankrbot announced the launch of Bankr score, a new metric that automatically calculates your "day 1 score" based on social mindshare and on-chain activity. Sentiment tracking is now live, giving the most vocal participants a first-mover advantage.
Their X post detailed that this initiative is part of a broader Bankr ecosystem, where your score will influence your share of 450,000,000 $BNKR Tokens.
Key components affecting your Bankr score include:
· $BNKR Holdings: The amount of BankrCoin you hold.
· Profit and Loss (PnL) from trading via Bankr: The profits and losses from your trading activities through Bankr.
· Booster Coin Holdings: Additional tokens that can enhance your score.
Note: Only Bankr club members are eligible, and you can join through a private terminal.
Coinbase Payments: Plug-and-Play Stablecoin Infrastructure
On June 18, 2025, Coinbase's product lead @Gainsleyjustin announced the launch of Coinbase Payments, introducing a plug-and-play stablecoin payment infrastructure for e-commerce platforms.
This release builds on the previous excitement surrounding the integration with Shopify, providing an instant, around-the-clock, borderless payment experience while avoiding the complexities of cryptocurrency. Gainsley's post emphasized that Coinbase Payments is a solution leveraging stablecoins like USDC to simplify transactions for global merchants.
Coinbase Payments abstracts the technical details of blockchain, enabling platforms to offer native crypto payment services without requiring crypto expertise. This could position Coinbase Payments as a disruptor in the e-commerce space and potentially attract more platforms to adopt on-chain solutions.
You can visit coinbase.com/payments for more information.
XRP Army "Unlocks" on Base: Borrow cbXRP on Moonwell
For the XRP Army, a significant development has been announced: it is now possible to utilize $XRP in a new way on @coinbase, withdrawing it as $cbXRP on @base and borrowing $USDC against it on @MoonwellDeFi.
This "unlock" represents the first scalable, fully on-chain, permissionless method for lending against XRP. @MoonwellDeFi has activated a new market for cbXRP, a tokenized version of XRP, supported and custodied 1:1 by @Coinbase, making Moonwell the first lending application on Base to support this asset.
This integration enables the Moonwell community to lend and borrow cbXRP, enhancing XRP's utility in the DeFi ecosystem. As of June 22, 2025, this could position cbXRP as a key asset in on-chain finance, attracting more users and developers to Base and Moonwell.
You can visit https://moonwell.fi/markets/supply/base/cbxrp to explore this opportunity.
BTCFi on Base: Decentralized Bitcoin Liquidity Unleashed
On June 17, 2025, @BifrostNetwork announced that BTCFi is now live on @base, bringing decentralized Bitcoin liquidity on-chain. This advancement facilitates Bitcoin collateralization and trading through @GainsNetworkio, with deep liquidity pools routed by @AerodromeFi, and seamless connectivity facilitated by @CoinbaseWallet.
Developers (Builders), users, and B2B partners focused on the Japanese market are invited to actively participate in driving the next wave of Bitcoin activity on Base.
Aevo Degen on Base: Extreme Leverage, Minimal Fees
On June 17, 2025, @aevoxyz announced the launch of Aevo Degen on @base, a platform designed for "degen traders." Aevo Degen is now live, offering the following features:
· 1000x Leverage: Trade large positions with minimal initial capital.
· Zero Trading Fees: Only a portion of profits is taken; no fees if there are no profits.
· Instant Execution: Trades are executed exactly at the displayed price, eliminating slippage.
Currently available trading pairs include BTC, ETH, SOL, HYPE, FART, PEPE, and DOGE.
You can click here to start trading, or click here to learn more details.
Upcoming features include limit orders, take profit & stop loss, and more trading pairs.
Runtime Verification on Base: Join as a Security Provider
On June 17, 2025, @rv_inc announced that they have integrated as an official security service provider within the @base ecosystem. This advancement provides developers (builders) on Base with a higher level of security assurance through formal methods auditing and protocol verification.
Runtime Verification enhances Base's security landscape with expertise in applying formal methods to improve the security, reliability, and correctness of computing systems, particularly in the blockchain space.
Next Generation Coinbase One: Small Investment, Big Returns
On June 16, 2025, @coinbase announced the launch of the next generation of Coinbase One, introducing a new Basic plan with a monthly fee of just $4.99 and an annual fee of $49.99. This plan offers zero trading fees, enhanced rewards, and more benefits, allowing users to easily start with a small investment and reap substantial returns. Annual Basic plan members can also earn up to 4% Bitcoin cashback on ramp through the Coinbase One card, further enhancing the value.
This update aims to attract a broader user base by lowering the entry barrier while maintaining its premium features. This could drive more adoption of Coinbase's services among ecosystem participants, potentially increasing activity on platforms like Base.
You can visit coinbase.com/one to explore the new Coinbase One.
Wilde Pioneers: Early Access to Yield-Earning Crypto Cards
On June 16, 2025, @wildefinance announced the launch of the exclusive Wilde Pioneers program, which will carefully select early users to trial their upcoming crypto card. This initiative has limited spots, and applications will close on June 30, 2025. The Wilde card promises to earn yield until you spend, offering early adopters a unique value proposition.
We Are Now Hollywood: On-Chain Crowdfunding by Shibuya Film
On June 16, 2025, @shibuyafilm, founded by @pplpleasr1, announced the launch of their on-chain crowdfunding platform and made a bold statement: "Hollywood is no longer the trendsetter. We are." This platform empowers creators to raise funds by minting a frame to directly support five filmmakers, aiming to collaboratively complete a full movie and bring their stories to life. This initiative democratizes filmmaking through blockchain technology, allowing the community to shape the future of cinema.
This could attract creators seeking innovative ways to fund their projects and investors interested in film production, potentially enhancing the cultural and financial ecosystem of Base.
To mint a frame and support the project, please visit mint.shibuya.film.
This Week's Based Highlights (Proposal)
We have an idea to highlight a selected quote based on the Base ecosystem in this week's Newsletter.
This issue's selected quote comes from that legendary poet.
By the way, do you think this section should continue?
Review: The On-Chain Revolution Continues
As we look back at Issue 009 of the BASED Weekly, it is clear that the on-chain revolution is not just a technological transformation but a cultural and financial shift.
This week, we saw JPMorgan's JPMD pioneering institutional-grade on-chain banking, Base Batches igniting a global wave of innovation with over 900 project points, and Shibuya Film redefining the way creative projects are funded through on-chain crowdfunding. Etherfuse's CETES integration, Coinbase's wallet.fund, and Aevo Degen's high-leverage trading collectively push the boundaries of finance; meanwhile, Tako Wallet, Yupp Credits, and Runtime Verification redefine social interaction, AI feedback, and cybersecurity on-chain.
These developments collectively herald a future where decentralized technology is no longer just an option but a necessity, driving efficiency, accessibility, and community empowerment. As of June 22, 2025, this momentum is strong, with each initiative contributing to a vibrant ecosystem that is reshaping how we interact with money, art, and each other.
If you enjoyed this review and wish to continue receiving these insights, please subscribe to the BASED Weekly. Your support helps us bring you the latest on-chain stories. Stay tuned for more content, and thank you for your company.
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