基础：以太坊 Layer 2 蓄势待发

Base 是以太坊第 2 层 (L2) 区块链，已成为加密货币领域的重要参与者，在总锁定价值 (TVL) 方面迅速升至第三位。尽管缺乏原生代币，Base 仍然经历了显着的增长，在活跃地址方面超越了 Arbitrum，并在每日交易量、DEX 交易量和稳定币市值方面跻身 L2 前列。这一增长归因于最近以太坊上的 EIP 4844 升级，这降低了 L2 的数据可用性成本。

Base: An Ethereum Layer 2 Poised for Dominance

基础：以太坊第 2 层蓄势待发

Introduction

介绍

In the burgeoning realm of blockchain technology, Ethereum Layer 2 (L2) solutions have emerged as a transformative force, offering increased scalability and reduced transaction costs compared to the base Ethereum network. Among these L2s, Base has garnered significant attention in recent weeks due to its remarkable growth and competitive position. This report delves into the current landscape of Base, its rapid adoption, and explores potential investment opportunities for investors seeking to capitalize on its potential.

在区块链技术的新兴领域，以太坊第 2 层 (L2) 解决方案已成为一股变革力量，与基础以太坊网络相比，它提供了更高的可扩展性并降低了交易成本。在这些 L2 中，Base 由于其显着的增长和竞争地位，在最近几周引起了极大的关注。本报告深入探讨了 Base 的当前状况及其快速采用，并为寻求利用其潜力的投资者探索了潜在的投资机会。

Base's Ascendance in the L2 Ecosystem

Base在L2生态系统中的优势

Base, launched by Coinbase, has swiftly risen to prominence within the L2 ecosystem. Despite having a limited operating history compared to established competitors like Arbitrum and Optimism, Base has rapidly ascended the ranks, capturing a significant market share.

由 Coinbase 推出的 Base 已在 L2 生态系统中迅速崛起。尽管与 Arbitrum 和 Optimism 等老牌竞争对手相比，Base 的运营历史有限，但它的排名迅速上升，占据了重要的市场份额。

Key Performance Indicators

关键绩效指标

Various key performance indicators (KPIs) attest to Base's rapid growth and robust adoption.

各种关键绩效指标 (KPI) 证明了 Base 的快速增长和强劲采用。

• Total Value Locked (TVL): Base currently ranks third in TVL among L2s, trailing only Arbitrum and Optimism, despite being a relative newcomer in the space.
• Active Addresses: Base has surpassed Arbitrum to become the L2 with the highest number of active addresses. Over 360,000 daily active addresses attest to Base's widespread usage, demonstrating the growing user base.
• New Users: Notably, over 50% of the active addresses on Base in March were from first-time users, indicating a continuous influx of new participants.
• Daily Transactions: Base recently ascended to the top spot in terms of daily transactions, processing over 3 million transactions per day, reflecting the significant volume of activity on the network.
• DEX Trading Volume: Base has surged into second place in decentralized exchange (DEX) trading volume and is poised to overtake the leading DEX within April.
• Stablecoin Market Cap: Base has witnessed a remarkable 548% increase in stablecoin market cap over the last 30 days, signifying its growing significance as a hub for stablecoin activity.

Factors Contributing to Base's Success

锁定总价值 (TVL)：Base 目前在 L2 中 TVL 排名第三，仅次于 Arbitrum 和 Optimism，尽管它是该领域相对较新的成员。 活跃地址：Base 已超越 Arbitrum，成为活跃地址数量最多的 L2。超过36万的日活跃地址证明了Base的广泛使用，显示了不断增长的用户基础。 新用户：值得注意的是，3月份Base的活跃地址超过50%来自首次用户，表明新参与者不断涌入。 每日交易：Base 最近在每日交易量方面跃居榜首，每天处理超过 300 万笔交易，反映出网络上的活跃量。 DEX 交易量：Base 在去中心化交易所（DEX）交易量中飙升至第二位并有望在 4 月份超越领先的 DEX。 稳定币市值：过去 30 天内，Base 的稳定币市值增长了 548%，这表明其作为稳定币活动中心的重要性日益增强。 Base 成功的因素

Several factors have fueled Base's meteoric rise:

有几个因素推动了 Base 的迅速崛起：

• EIP 4844 Upgrade: The recent EIP 4844 upgrade to Ethereum significantly reduced data availability costs for Ethereum L2s, benefiting Base and other L2 solutions.
• Native Token Absence: Unlike many L2s, Base currently does not have a native token, eliminating the need for token incentives to attract users. This unique approach has allowed Base to focus on adoption and utility.
• Coinbase Integration: As a product of Coinbase, Base enjoys seamless integration with one of the world's largest cryptocurrency exchanges, facilitating user on-boarding and accessibility.

Investment Opportunities

EIP 4844 升级：最近对以太坊的 EIP 4844 升级显着降低了以太坊 L2 的数据可用性成本，使 Base 和其他 L2 解决方案受益。 原生代币缺失：与许多 L2 不同，Base 目前没有原生代币，消除了代币激励的需要来吸引用户。这种独特的方法使 Base 能够专注于采用和实用性。Coinbase 集成：作为 Coinbase 的产品，Base 与世界上最大的加密货币交易所之一无缝集成，方便用户入门和访问。投资机会

While Base does not offer a native token for investment, there are still avenues to capitalize on its growth and adoption:

虽然 Base 不提供原生代币用于投资，但仍有多种途径可以利用其增长和采用：

1. L2 Ecosystem Development: Investing in projects and protocols building on Base can leverage its growing user base and transaction volume.
2. Base-Specific Projects: Exploring investment opportunities in projects tailored to the Base ecosystem, such as those offering infrastructure, tools, and applications, can benefit from Base's growing prominence.
3. ETH Staking on Base: Coinbase has indicated that it will allow ETH staking on Base, providing investors with potential yield-generating opportunities through ETH staking.
4. DEX Trading on Base: As Base's DEX trading volume continues to grow, investors can capitalize on trading opportunities presented by the active DEX ecosystem.
5. Stablecoin Investment: The significant stablecoin market cap on Base presents opportunities for investment in stablecoins, which are increasingly used as a medium of exchange and store of value.

Conclusion

L2 生态系统开发：投资于 Base 上构建的项目和协议可以利用其不断增长的用户群和交易量。 Base 特定项目：探索针对 Base 生态系统量身定制的项目的投资机会，例如提供基础设施、工具和应用程序的项目，可以Base 的 ETH 质押：Coinbase 已表示将允许在 Base 上进行 ETH 质押，通过 ETH 质押为投资者提供潜在的收益机会。 Base 的 DEX 交易：随着 Base 的 DEX 交易量不断增长，投资者可以通过 ETH 质押获得潜在的收益机会。可以利用活跃的 DEX 生态系统提供的交易机会。 稳定币投资：Base 上巨大的稳定币市值提供了投资稳定币的机会，稳定币越来越多地被用作交换媒介和价值储存手段。 结论

Base has emerged as a formidable force in the Ethereum L2 landscape, capturing a substantial market share and demonstrating remarkable growth across key metrics. Its unique approach, combined with the growing adoption of L2 solutions, positions Base for continued dominance and innovation. By exploring the investment opportunities outlined in this report, investors can capitalize on Base's potential and the broader growth of the Ethereum ecosystem.

Base 已成为以太坊 L2 领域的一支强大力量，占据了巨大的市场份额，并在关键指标上展现了显着的增长。其独特的方法，加上 L2 解决方案的日益普及，使 Base 能够持续占据主导地位并不断创新。通过探索本报告中概述的投资机会，投资者可以利用 Base 的潜力和以太坊生态系统的更广泛增长。