Original source: ODAILY Planet Daily

On July 13, Coinbase’s Layer 2 network Base opened its mainnet to developers. Several developer tools are now live on the Base mainnet. Currently, although the mainnet is up and running, it has not been officially released to users. The Base mainnet is expected to be officially released to the public in early August.

At present, there are relatively basic ecological projects and assets on Base. Today, the meme leader bald on Base has increased by 1,000 times in one day, triggering heated discussions in the community.

Base has not been officially released yet, how to participate in the transaction?

L2BEAT data shows that Base’s total TVL has exceeded 10 million US dollars and currently stands at 10.44 million US dollars, with a 7-day increase of 1024.81%.

Currently, the Base mainnet has not been officially released to the public. Perhaps people are wondering how a project that has not even released its mainnet can get funding?

Base official documents show that the Base official bridge is currently only connected to the test network, and it is not possible to use the official bridge to connect to the Base main network. However, users can still deposit funds into L 2 by manually transferring funds to the contract. (The Base network can be quickly added to the wallet from the chainlist.)

Users can transfer ETH to the following contract address to bridge ETH from the Ethereum mainnet to Base:

0x49048044D57e1C92A77f79988d21Fa8fAF74E97e

It should be noted that this contract can only receive ETH at present. Please do not send any other assets to this address. Currently, this address is only applicable to the Ethereum mainnet and assets cannot be sent from other chains.

Which projects in the Base ecosystem are worth paying attention to?

The most popular Base project at present is naturally the meme leader BALD, which has increased by 1,000 times a day. The project has been in existence for less than 24 hours, and DEXScreener data shows that the current FDV of this asset has exceeded 40 million US dollars, about 40.9 million US dollars. The liquidity has also reached 15.6 million US dollars.

When we searched for BALD on Twitter, we also found some interesting phenomena. Some suspected robot accounts were posting the same copy quickly and frequently. And most of these accounts have never posted other tweets.

Apart from BALD, there is a lack of other assets on Base.

Currently, Base has only one active Swap transaction, LeetSwap. On-chain data shows that LeetSwap has executed over 40,000 transactions, making it the second most traded contract on the Base chain. In addition, the contract with the most interactions is Base's commemorative NFT, with over 90,000 transactions.

(Data source: blockscout)

The assets on LeetSwap are also relatively single. In addition to the meme leader BALD, only two projects have begun to take shape. LeetSwap's native token LEET has an FDV of approximately 23 million US dollars. BRIAN of the burningbrian project has an FDV of approximately 710,000 US dollars. The remaining currencies have a market value that is too small (less than 500,000 US dollars) or a low liquidity pool (less than 100,000 US dollars).

Not officially released yet, still waiting to be put on track

According to the official release plan previously announced, Base will be officially released in early August.

Checking its official Twitter, we can find that Base has been carrying out intensive publicity and promotion activities. Recently, it has also announced a number of ecological partners who will "do things" in Base. In the past half month alone, projects including Blast API, QuickNode, Blockdaemon, thirdweb, Safe, The Graph, etc. have announced that they have been launched on the Base mainnet.

But a little observation will reveal that these projects are all infrastructure projects, providing developers with more comprehensive tools and support. However, such infrastructure projects are more like "reinventing the wheel". At present, Base lacks products directly targeting C-end users, resulting in a dilemma of more "wheels" than "cars".

(Most of the dApps listed officially have not been officially launched)

In a market environment with a lack of projects and assets, it is not surprising that Base, a wealthy project born with a silver spoon in its mouth, has encountered a situation where memes are flying everywhere.

When Base is officially released in August, will the Base ecosystem have truly "heavyweight" projects, or will it become the next target of short-term hype with little value accumulation?

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