With the support of a group of VCs and Coinbase, Base will undoubtedly become the most Alpha-intensive place in the Ethereum ecosystem. Because of Coinbase's compliance attributes, Base has the innate attribute of not issuing Tokens. This reason also means that if users want to speculate on Base's targets, they can only focus on Base's ecological projects.
1) Moonwell (WELL)
Moonwell is an open borrowing protocol deployed on Base and launched simultaneously with the Base mainnet. On February 15, Moonwell launched a tool called “USDC Anywhere” that enables individuals to lend Circle’s USDC stablecoin to Moonwell through various Ethereum networks.
The tool supports detection of USDC in user wallets on networks such as Arbitrum, Avalanche, Base, Ethereum, Optimism, and Polygon, and leverages Circle's cross-chain protocol to transfer stablecoins onto the platform without the need to manually bridge assets, allowing users to leverage Digital assets on Moonwell send USDC within the Ethereum ecosystem.
As the Base ecosystem heats up, Moonwell's users are also gradually growing. Its native Token WELL is currently priced at US$0.032, with an increase of 333% on the 30th.
2)Avantis
On February 4, the oracle-based synthetic derivatives protocol Avantis completed its mainnet launch on the Base chain. Its protocol allows users to trade crypto assets and real-world assets using leverage.
In September 2023, Avantis Labs completed a US$4 million seed round of financing, led by Pantera Capital, with participation from Founders Fund, Coinbase's Base Ecosystem Fund and Modular Capital.
Currently, Avantis has not issued tokens, but will launch transaction volume rewards on March 12.
3)Infusion
Infusion is a new AMM protocol on Base. It was launched on Base on March 15 and is the new star of the Base liquidity protocol. Infusion Protocol solidifies on-chain liquidity with a new timelock component called Timefuse. When liquidity is "time-fused," the pool allocates the majority of fees to liquidity providers and locks the liquidity for a period of time, thus incentivizing the long-term stability required for DeFi.
Infusion Protocol is a community-driven project comprised of contributors and advisors from various DeFi and infrastructure projects.Core contributors and advisors come from 1inch, Pendle Finance, Harmony, LI.FI and Thorchain.
Infusion has not issued Token yet.
4)BSX
BSX is an emerging DEX on Base, one of the six crypto projects invested in the first round by Coinbase Ventures’ Base Ecological Fund. A non-custodial system that adopts "off-chain execution and on-chain settlement" will also support commodity and foreign exchange transactions in the future. BSX’s core members come from institutions such as Coinbase, Kraken, FalconX and Jump.
BSX is currently in the public testnet stage and will launch its mainnet at the end of the month.
5) Drakula
On March 14, the social application http://Drakula.app stated on the social platform that it has launched the on-chain short video social application Drakula. Users can get 250 BLOOD points by logging in with Farcaster, and can also publish and watch short videos. Earn points through other methods, and creators can also receive commission income from each Token transaction. In addition, Drakula also cooperated with Degen to use DEGEN as the main transaction token. Degen also provided 10 million DEGEN to Drakula.
In the official introduction of Drakula, the project team stated that it is a social project invested by Paradigm and DragonFly. Reminiscent of the past craze of Friend Tech, we may be able to look forward to Drakula’s performance in the future.