The basic ecosystem continues to grow despite a decline in the market and this year generates $ 193 million in trading costs.
Despite falling asset prices this year, Base (Base) continues to attract more users. On April 7, Tokminal unveiled the latest figures for the network in the first quarter of the year. In particular, the basic chain generated $ 193.4 million in trading costs during that period.
ICYMI: The applications on @Base have generated ~ $ 193.4 million in reimbursements during Q1 ’25.
Reported at the token terminal in real time.
Reported by @coinBase in approx. A month. pic.twitter.com/60GQXBQ3R7
– Token Terminal 📊 (@tokenterminal) April 6, 2025
The trading costs for the quarter decreased somewhat compared to Q4 2024, which saw more than $ 200 million in reimbursements. The last quarter of last year, however, coincided with a period of strong market activity that increased the volumes and reimbursements across the board.
Maybe you also like it: Coinbase’s basic smart contracts contain more than 34k vulnerabilities, shows data
This resilience suggests that Base continues the network its relative growth compared to other chains. In addition, cumulative income for basic $ 100 million on 28 February 2025, while daily transactions also remained relatively resilient.
Daily transactions count based Source: Duin
At the same time, the market share in NFTS and Defi is growing. Firstly, Base became the largest Layer-2 network for NFTs, with an increase in a weekly turnover from 45% to $ 8.3 million in January.
Base reveals daring plans for 2025
Although the growth of the chain has been strong in recent months, the team has even greater ambitions. In January, Base unveiled his plan to reach $ 100 billion in assets in the chain by October 2025. For comparison, the figure is now $ 2.78 billion, making the basic ecosystem the sixth of all other chains.
While the previous TVL of all time was high, Base Banks was at the low costs and coinbase integration for growth. Because it was launched by Coinbase, it benefits from integration with the largest American crypto exchange.
At the same time, this Layer-2 network uses the security and decentralization of Ethereum, while offering low trading costs and gasless transactions to improve the user experience.
Maybe you also like it: Echo.xyz and Coinbase Ventures to stimulate financing for basic projects