Author: Nancy, PANews
With a surge of TGE projects emerging, yield farmers are accelerating their bets on a new wave of airdrop frenzy. Among this wave of token issuance, Base is undoubtedly one of the most watched leading ecosystems, with its network activity and capital heat continuing to rise.
Since the official announcement of its native token issuance in September this year, Base co-founder Jesse Pollak recently revealed that the Base token is about to launch, and he cryptically wrote in a tweet, "Build, create, trade, participate, and you will ultimately be rewarded." Meanwhile, according to a recent report from JPMorgan, since its launch in August 2023, Base's TVL has exceeded $5 billion, and the protocol processes over 9 billion transactions daily on average. Based on the current activity on the Base network and the high token economy, its token could release up to $34 billion in value, with most tokens expected to be allocated to developers, validators, and the Base community.
As the countdown to Base's token issuance approaches, this article from PANews will review 13 popular applications in the Base ecosystem worth keeping an eye on, covering various sectors such as social, DeFi, prediction, and AI. Some projects have been frequently mentioned by Base officials, and many have received investment and support from Coinbase Ventures.
Base App
Base App is a one-stop Web3 platform that integrates social, content creation, asset trading, instant messaging, and daily payment functions, serving as the main entry point for users into the Base ecosystem. Currently, Base App is still in the internal testing phase and has integrated numerous applications such as Farcaster, Zora, noice, Morpho, Virtuals, DIMO, Paragraph, and Giza.
Farcaster
Farcaster is a decentralized social media protocol aimed at building a sufficiently decentralized social network that gives users and developers greater control. The protocol has expanded to Ethereum, Solana, and HyperEVM, as well as Layer 2 solutions like Base and Arbitrum. Recently, Farcaster announced that the AI-driven MEME coin issuance platform Clanker has joined its ecosystem, automatically deploying tokens when users tag the project in Farcaster posts.
It is worth mentioning that all posts on Base App will be simultaneously published on Farcaster, and vice versa. On-chain data shows that Farcaster gained approximately 30,000 Pro subscribers in October.
Related: "Farcaster Acquires Clanker to Fill Financial Gaps, Is the Social Track Gaining Momentum?"
Zora
Zora is an on-chain social network that allows creators to convert posts into tokens or NFTs, turning content into assets. Recently, Zora hinted at the upcoming launch of a live streaming feature and announced the Believe Fund, which will deploy 20 million ZORA tokens in the coming months to support potential creators. Additionally, Base App recently announced the launch of a creator token feature based on the Zora protocol, allowing users to tokenize their posts with one click.
Notably, Coinbase Ventures has participated in two rounds of financing for Zora.
Virtuals Protocol
Virtuals Protocol is a platform focused on the issuance and launch of AI Agents, allowing users to create, co-own, and monetize their own AI agents.
This month, Virtuals launched a new generation of launch mode called Unicorn Launch, aimed at enabling community members to truly co-own future AI agents while attracting high-quality founding teams for long-term ecosystem development. Additionally, due to the recent popularity of the x402 protocol, Virtuals Protocol has once again become a market focus.
Limitless
Limitless is the largest decentralized prediction market on Base, and within just three months, Coinbase Ventures announced two rounds of investment in it. Dune data shows that Limitless has exceeded $520 million in total trading volume on Base.
Morpho
Morpho is a decentralized lending protocol that launched on Base in June last year. The official website shows that Morpho's deposit funds exceed $12.6 billion, making it the second largest after Aave and Sky. Morpho has received two consecutive rounds of investment from Coinbase Ventures.
Aerodrome
Aerodrome is the leading DEX in the Base ecosystem. According to Artemis data, as of October 28, Aerodrome's daily spot trading volume exceeded $560 million.
Bankr
Bankr is an AI agent platform and one of the representative projects of the x402 protocol on Base. As one of the integrated agent platforms in Base App, Coinbase Ventures announced at the end of July this year that it would support Bankr through the Base ecosystem fund.
Football.Fun
Football.Fun is a sports prediction application on the Base chain, receiving multiple endorsements from Base officials. Recently, Football.Fun's parent company, Sport.Fun, announced that it will launch the FUN token in Q4, which will enjoy revenue sharing from the company's prediction market. Additionally, the platform plans to expand its products to basketball, rugby markets, and revenue-sharing plans.
Related: "What is Football.Fun, the Web3 Sports Platform with a Total Player Value Exceeding $150 Million?"
SynFutures
SynFutures is a Perps DEX aimed at competing with HyperLiquid and Aster, with its tokens recently listed on exchanges such as Upbit and Binance. The official website shows that as of October 28, SynFutures V3 has accumulated a trading volume of $307.8 billion, with over 320,000 users and total revenue exceeding $72.7 million.
Avantis
Avantis is a Perps DEX that supports leveraged trading of synthetic cryptocurrencies, foreign exchange, and commodities, while allowing users to provide liquidity for these markets. According to Artemis data, as of October 28, Avantis's daily trading volume exceeded $150 million.
Glider
Glider is a crypto trading platform driven by chain abstraction and intent, allowing users to build, test, and execute investment strategies without programming. Glider announced in April this year that it had raised $4 million in funding from Coinbase Ventures, a16z, and others.
Basenames
Base launched Basenames in August last year, allowing users to claim a unique base.eth username, making it easier to connect, collaborate, and contribute on-chain.
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