Base Season Is Coming, Ethereum Layer 2 Network Base Has Been Attracting Market Attention

Recently, Base, the Ethereum Layer 2 network incubated by Coinbase, has been attracting market attention with rapid momentum.

Recently, there has been a surge of interest in Base, the Ethereum Layer 2 network incubated by Coinbase, with market attention quickly heating up. As funds and users continue to pour into the network, we observe a substantial increase in its ecosystemic activity. Transaction volume and total locked value (TVL) are steadily rising, vaguely hinting at the coming of a "big event". Industry insiders call it "Base Season", and this wave of enthusiasm may become the highlight of the crypto market in 2025.

This article will begin with the latest data to analyze the logic behind Base's growth, exploring why funds are flocking into it and recommending several investment directions worthy of attention, providing investors with forward-looking insights.

The picture of growth painted by the latest data

In the past month, Base's TVL has surged to 2 billion US dollars, a staggering increase from 200 million US dollars at the beginning of the year. This astronomical rise in locked-up value is mainly driven by the influx of institutional and traditional funds seeking new investment opportunities. In comparison, Solana's TVL remains at 6 billion US dollars, and Bitcoin's market value is about 650 billion US dollars.

If we consider that Base's transaction volume has reached 1.5 million in a single day, and the average transaction fee is about 1 cent, then the daily transaction fee is roughly 15,000 US dollars. This contrasts sharply with Solana's high cost and Ethereum's congestion, which may be unable to process more than 1,008 transactions per second.

Moreover, with cooperation from Stripe to support USDC, there are no difficulties for foreign traders in entering the market. However, the rapid growth of TVL may be mixed with speculative elements, and occasional network rollbacks under high transaction volume also remind people that Base's infrastructure still needs to be polished. Despite this, these signals together outline a picture that Base may usher in a major turning point, perhaps officially opening the curtain of Base Season in the second quarter of 2025.

Why does capital favor Base?

Base can attract so much funds, which is inseparable from the strategic support of Coinbase. As the first listed cryptocurrency exchange in the United States, Coinbase has given Base a strong brand effect and user base. Its cooperation with Stripe to introduce USDC support makes Base an ideal choice for low-cost cross-border payments, so traditional funds can easily enter the market. There are even market rumors that Base may be separated from Coinbase and issue independent tokens. This expectation has further ignited the enthusiasm of early users.

On the technical level, Base is built on Optimism's OP Stack. The recently launched Flashblocks technology shortens the block time to 200 milliseconds, and the transaction speed even exceeds Solana. The transaction fee as low as 1 cent compared with Solana's high cost and Ethereum's congestion has become the key to capital favor.

In addition, the Base ecosystem covers popular fields such as DeFi, meme coins and SocialFi. Behind the surge in trading volume is the frenzy of speculative capital. Someone on X joked that the dealer may think Solana's cost is too high, and turn his attention to Base's low threshold and high return.

The macro environment also plays a role in fueling the trend. 2025 is the early stage of Trump's new term, and the uncertainty of his policies may prompt funds to flow into the crypto market for risk aversion. As Layer 2 led by Coinbase, Base has become the first choice due to its compliance and stability.

Several investment opportunities worth noting

In the wave of Base ecology, several projects stand out and are worthy of investors' attention. The first is $B3, which represents Base's Layer 3 ambitions and mainly serves the gaming field. After launching on Coinbase and Bybit in February 2025, the price of $B3 soared by 50%. Although the subsequent price fell due to the influence of the market, the number of coin holding addresses continued to grow steadily, showing the market's recognition of its prospects. The support of Flashblocks technology and the expansion of Layer 3 application chains may bring new growth space for gaming projects, although their success still depends on user acquisition and ecological integration.

Another highlight is CLANKER. This token launched by the AI-driven @Clanker tool has deployed about 4,700 tokens and its own market value has reached $113.8 million. Discussions on X believe that CLANKER is undervalued, especially in the rebound, and may usher in opportunities due to the expectation of Coinbase listing.

In addition, Aerodrome in the DeFi field should not be missed. As the largest decentralized exchange in Base, its TVL exceeds 1 billion US dollars, accounting for half of the value of ecological lock-up. Yield farming and liquidity incentive