Research Summary
The report discusses the launch of Base Chain, a significant development in the crypto ecosystem. Base has accumulated over $129M in total value bridged (TVB), more than twice the value of Mantle’s current TVB. The chain, live for the past three weeks, has 93k active addresses and 372k daily transactions as of August 8, 2023. The official launch is expected on August 9, with anticipation of increased interest and capital flow. Uniswap has also announced its expansion to the Base chain, and more applications are expected to go live.
Actionable Insights
- Investment Opportunity: With over $129M in TVB and the official launch imminent, Base Chain presents a potential investment opportunity.
- Expansion of Uniswap: Uniswap’s expansion to the Base chain may lead to increased market participation and liquidity.
- Monitoring Required: The upcoming public release and collaborative events may lead to further developments, requiring close monitoring by stakeholders.
