Top Projects Building on Base
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Top Projects Building on Base Chain in 2024
Layer-2 blockchains are revolutionizing crypto, improving the scalability and performance of L1s like Ethereum. Among L2 blockchains, Base leads the pack, growing rapidly due to its low cost and high speeds.
(Plus, being launched at Coinbase doesn't hurt.)
Base aims to boost Ethereum's scalability, cut transaction costs, and improve user and developer experiences across decentralized applications (dApps).
Coinbase's stated goal for Base is to bring the next billion users on-chain.
In our new guide, we've researched the top projects currently building on Base, looking for interesting investing opportunities. (Since no BASE token exists, the underlying investment opportunity is $COIN stock.)
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New Risk Scorecard: Fetch.ai (FET)
Fetch.ai is a decentralized network that enables autonomous agents to interact and transact, facilitating an economy powered
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If you want to know how much money a crypto project is making, just look at the fees it collects. It's similar to seeing the sales figures for traditional companies.
More fees can lead to greater profits, which can be used to grow and improve the project, compensate users, and reward investors.
The recent Dencun update on Ethereum hurt many of the Layer-2 solutions, reducing gas fees and thus reducing the fees collected by the L2s. However, there's one fairly notable exception, and that's Base.
Base has continued to grow its fees collected, even as it grows its daily active user base. (Translation: more customers and more revenue.) Since March, it's been the L2 with the greatest amount of fees collected by far.
Those fees and the growing number of users who generate them arguably make Base the most valuable L2 solution today. Remember: you can't invest in a BASE token, but you can invest in its parent company Coinbase ($COIN).
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