The Prosperous Development and Future Trends of the Base Ecosystem

Since the end of May 2025, the Base ecosystem has entered a significant growth period. User activity, total locked value ( TVL ), and daily trading volume in the ecosystem have all shown a rapid upward trend. This explosive growth is mainly due to the successive hype of several popular projects within the ecosystem, attracting widespread attention from the market. From a macro perspective, the optimistic sentiment around the global stablecoin concept is spreading among investors, especially against the backdrop of potential improvements in the regulatory environment, making Base a more favored choice for traditional institutions.

Significant Improvement in Ecological Indicators

• The number of active users has grown exponentially, recently reaching an all-time high of 3.6 million.
• The total locked value rose from $2.8 billion in May to nearly $4 billion, returning to the peak levels of the 2024 bull market.
• Since May, the average daily trading volume has approached 9 million transactions, once again reaching the peak of the 2024 bull market.

Popular Project Analysis

1. Virtual: The innovative new mechanism ignites the market

Virtual has quickly become one of the most notable projects in the Base ecosystem due to its unique new token issuance mechanism. Its token price rose from $0.5 in mid-April to a peak of $2.5 in early June, an increase of 400%. The core advantages of Virtual include:

• Extremely low financing price
• Token Linear Unlocking Mechanism
• Low-risk participation model for new investments
• Incentive design to reduce the possibility of short-term cashing out by project parties.

However, as the platform's popularity increases, early users frequently obtain short-term high returns through the "buying new and selling immediately" strategy, leading to significant selling pressure on new projects. To address this issue, Virtual has launched the "Green Lock Mechanism," which imposes a mandatory lock-up period for new buyers. Although this measure helps extend the project's lifecycle, it also significantly alters the original speculative logic, resulting in a temporary decline in market enthusiasm.

2. Kaito: Pioneer of Attention Economy

As a leading project in the "Information Finance (InfoFi)" sector, Kaito's token price has risen from $0.79 to a peak of $2.41 since May, an increase of nearly 205%. The core highlight of Kaito lies in its Yaps module, which incentivizes users to create high-quality content around popular projects by "tokenizing attention" on the content they publish on social media platforms.

Kaito has also launched the Yapper Launchpad system based on points ranking and the AI-driven information network Kaito Connect, achieving a collaborative closed loop of content contribution, point distribution, and project selection. This model, which anchors value in content, brings a new narrative to Base that differs from traditional DeFi, opening up new imaginative space in the intersection of social and financial sectors.

Future Development Trends

Against the backdrop of the U.S. Senate passing the GENIUS stablecoin bill, a legislative framework has been established for dollar-pegged stablecoins. This change in the regulatory environment presents new opportunities for the development of Base. Future development strategies for Base may include:

1. Establish a compliant asset onboarding channel: Simplify the process for users to interact with DApps on Base through deep integration with centralized trading platforms.

2. Collaborate with traditional financial institutions to issue compliant stablecoins: Partner with large financial institutions to pilot the issuance of "compliant stablecoins" and "deposit tokens" on Base that have traditional financial attributes.

3. Build a diversified ecological scenario:

   • Promote on-chain US stock trading
   • Collaborate with payment giants to expand global crypto payment applications
   • Develop compliant DeFi and on-chain lending services
   • Explore innovative applications such as AI Agent and InfoFi

Through these measures, Base not only built a "fast track" for compliant asset entry but also established a complete value closed loop for US dollar stablecoins, from fiat currency on-chain to on-chain access and circulation, and finally to the implementation of actual use cases.

Prospects of High-Potential Projects

• Aerodrome and Uniswap: As DEXs selected for integration by a certain trading platform, they are expected to receive ongoing institutional liquidity support.
• Keeta: A high-performance RWA public chain that may engage in deep cooperation with Base in the direction of RWA compliance in the future.
• Creator Bid: Launched version 2.0 in collaboration with Kaito, introducing new mechanisms to enhance user participation.
• Upside: The first social-oriented prediction market platform on Base, with the potential to become a new type of application that combines liquidity and content attributes.

Base is gradually evolving from a transaction-active L2 network into a well-structured on-chain financial and content infrastructure. Although certain hot projects face the challenge of declining popularity in the short term, in the long run, the narrative continuity and institutional connectivity exhibited by the Base ecosystem make it a promising bridge for traditional capital to enter Web3. For investors, Base is not only a hot rotation track but also an important sample for observing the transformation of the crypto industry towards compliance, financialization, and practicality.