Base is growing its underlying app activity, even after the delay of memes and AI agents. The growth of Morpho -lending and the overall Defi value locked is the expansion of the basis.
Base continues to grow on the basis of Defi -Loingen, because the app activity The app activity has risen by 129%. The chain wears more than 500 Decentralized appsAlthough Top Defi Hubs are trending at the beginning of 2025. Activity on the token -free chain expanded to more than 2m daily active users in January, because the chain increased liveliness in the past three months.
Basic app-based volumes reached a peak of all time after a boost from Morpho Labs and Defi loans. | Source: D -appadar
The activity of the Synfutures Dex and Morpho Defi Lending stimulates adoption. Base started as a chain for fun NFT and meme experiments, but is now moving forward with Defi, with a growing turnover of CBBTC trade. Morpho expanded after he was promoted by Coinbase as a source of loans supported by Crypto. The app offers access to Coinbase users to borrow against a collateral Bitcoin (BTC).
The other factor that stimulated the basis was the addition to Phantom Wallet, which was used to border more new users on board in the last quarter of 2024.
Base app Volumes reached a record high in January, after months of collecting users. Initially, the base mainly produced traffic with low value, with accessible transactions and meme -based activities. Currently Base also has $ 2.27 billion in CBBTC, which further stimulates liquidity for Defi activities.
In the course of time, the base locked $ 3.47 billion in total value, although other reports count a higher value to lock in smart contracts. Morpho Blue, the basic version of the credit protocol, locks in total in total $ 3.56 billion On all chains it forms a considerable part of the basic inflow. The credit protocol recently expanded its assets and loans to a new of all time.
Decentralized app -activity and complex interactions with Defi protocols are increasing transit For basic or gas spent on every transaction. Base is ahead of other L2 in transit statistics, with constant growth since the launch of the chain.
Top Defi apps increase the basic income
Base Base $ 2.44 billion in the top, based on D -reports of D reports Defi Apps, or $ 1.59 billion in adapted value. The best apps from the chain include Uniswap V2 and V3, Aerodrome, Morpho and Moonwell. The path chosen by the basic is able to compete with Solana, although the chain is still lagging behind in most statistics.
The increased app activity also translated into higher costs for the chain. Base reached more than $ 12 million reimbursements For December, and more than $ 11.48 million for January to date. The basis is one of the few chains with a relatively low income costs and manages to retain the majority of the profit on the chain. In the past three months, Base has achieved more than $ 8 million in withheld profit after paying incentives.
The base income increased as the range of CBBTC grew over the past three months. | Source: Token Terminal
The basic income grew again in the last quarter of 2024, although they did not reach the peak levels from April. The activity of the chain is now more sustainable and coincides with the expansion of CBBTC. The recent basic expansion follows a period of intentional marketing, which, however, produced much lower traffic.
Base only pays a few thousand dollars to verify his transactions on Ethereum, so that hardly cuts in the income of the chain. Basic remains one of the cheapest L2 to handle. TThe current app activity can be more organic because the basis has not indicated on the airdroping of a token. The chain has a number of low value or nulkost transactions, but there is no immediate expectation of the Air drop.
Base picks up the activity of Ethereum
After the first success of Arbitrum, the basis for the chain that takes on the activity and liquidity of Ethereum. Arbitrum retained its status as the chain for DEX swaps and risky trade, while retaining its relatively high inflow of the L1 chain. Arbitrum is still the leader of $ 5.6 million in stablecoin liquidity, while the basis slowly catches up $ 3.6 billion in Stablecoins.
Liquidity movements from Ethereum to base reached $ 3.44 billion, with a share of 5% Stablecoins and the absorption of ETH and bridged tokens. A total of 612,691 ETH bridged Based on liquidity and DEX trade.
Basic is still one of the leading chains for Defi and Cefi activity, but with the efforts of Coinbase to offer consumer crypto products. Base is still based on the regulated status of Coinbase and the reputation of USDC, the most used Stablecoin. The basis is one of the leading chains for token transfers and general on-chain utility.
