Base made a strong entrance into the Ethereum Layer-2 space, quickly becoming a go-to option for new retail traders in 2024. Yet with the recent market dip, the ecosystem is under pressure. Only a handful of tokens now have a majority of holders in profit, which dampens retail interest. This shift is evident in transaction volumes: our basket of eight Base assets has seen a 78% decline in on-chain volume since December. Will this be a temporary setback, or does it signal a turning point for Base?