- Base asserts its prominence in Ethereum’s Layer 2 (L2) landscape through strategic partnerships and innovation, carving a niche for itself as a formidable player.
- Bitget Wallet’s integration with Base’s mainnet expands user access to its diverse ecosystem of DApps, spanning DeFi, NFTs, and unique social dynamics.
- Base’s ecosystem boasts influential DApps like BaseSwap, Granary Finance, Manifold.xyz, and friend.tech that will be sure to provide users with a comprehensive on-chain experience.
With strategic partnerships, a diverse range of projects, and a commitment to innovation, Base is carving its niche as a formidable player in the Ethereum Layer 2 (L2) space. Bitget Wallet now supports the Base mainnet, allowing users to explore the various DApps available in this dynamic ecosystem.
Click here to learn how you can add Base to your Bitget Wallet!
Not sure where to start on Base? Not to worry. In this article, we will be taking a closer look at the various prominent DApps on Base for you to choose from, sorted by category for your convenience.
The journey of decentralized exchanges (DEXs) within the Base network has seen significant shifts. Leet Swap was once the largest DEX, but its liquidity pool fell prey to a price manipulation attack, resulting in loss of funds and token value collapse. BaseSwap then emerged as a pivotal player, forking Uniswap V2. It introduced fresh token frameworks, mining, and more, drawing users to it and establishing a TVL of $34.5 million.
Furthermore, the Base ecosystem’s influence extends with support from industry giants. Both Uniswap and Sushi have pledged their backing to the Base network, affirming its significance in the crypto landscape. As BaseSwap thrives and strategic partnerships deepen, vigilance and engagement remain crucial for crafting a resilient DEX ecosystem.
Related reading:Learn about the 5 risk vectors of DeFi
With a TVl of $16.33 million, Alienbase is one of the more prominent DEXs available on Base. The Alienbase Token ($ALB) functions as the governing asset of the ecosystem, serving to initiate a decentralized autonomous organization (DAO) within the Alienbase platform. This token has a total supply capped at 510,000,000 tokens, which will primarily be distributed through farming in conjunction with LP tokens on the Alienbase DEX.
A focal point of the Alienbase ecosystem is its fee structure. In its forthcoming DAO setup, 50% of trading fees generated on the base layer will be claimable, bolstering the community’s engagement and governance. As the platform evolves, a similar fee-sharing model is expected to be established with upcoming automated market makers (AMMs) like StableSwap and Concentrated Liquidity.
Manifold.xyz is an innovative NFT minting platform designed to empower Web3 creators with the ability to mint their own NFTs while retaining full creative ownership and seamless integration with popular NFT marketplaces. Founded by Web3 developers Eric Diep, Richerd Chan, and Wilkins Chung, Manifold.xyz provides artists with unprecedented control over their creations, ensuring their work is preserved on-chain and their ownership remains intact. This platform aims to bridge the gap between creators and the NFT space by offering a user-friendly experience that doesn’t require coding expertise.
Related reading:Safeguard your NFTs: Tips to Avoid Theft and Scams
Backed by a $7.9 million seed funding round in August 2021, Manifold.xyz has attracted well-known artists like Jay Z and Steve Aoki, who have utilized the platform to create their own NFTs. The platform’s compatibility with major NFT marketplaces such as OpenSea, Rarible, Foundation, SuperRare, Nifty Gateway, and Zora further enhances its appeal and accessibility. By offering a creative space that prioritizes artists and creators, Manifold.xyz envisions a future where the NFT landscape is enriched by unique and diverse creations, backed by a platform that empowers creators every step of the way.
Mint.fun is an innovative NFT discovery and minting platform that caters to both NFT projects and collectors. For those new to the concept, mint.fun serves as a hub for exploring and creating NFTs. It offers NFT projects the opportunity to offer their communities a user-friendly interface for free minting. This democratizes the minting process and makes it accessible to a wider audience.
Moreover, mint.fun doesn’t stop at minting. It also provides an array of invaluable tools for NFT collectors. This includes real-time updates on trending and currently free NFT mints, comprehensive minting and trading statistics, a wallet follower system, and a centralized allowlist center. These unique features streamline the process of discovering and participating in ongoing NFT launches that collectors have been pre-approved for.
An exceptional addition to mint.fun’s repertoire is the introduction of the Offers resource. Driven by the Reservoir NFT API system, this feature consolidates bids on users’ NFTs from various active NFT marketplaces. Unlike the previous practice of needing to navigate multiple platforms to view specific offers, mint.fun centralizes all outstanding offers across different marketplaces. This innovation significantly enhances user experience by condensing NFT bids into one cohesive hub.
friend.tech, a fan-driven platform akin to bitclout, has made a significant entrance onto the Base network. Its unique approach, transforming personal influence into tradable shares, ignited a sudden surge in popularity on August 11th. Such rapid uptake led to a server crash, amplified by the intriguing social dynamics facilitated by its invitation code system, driving extensive discussions and dissemination.
The platform’s architecture can be conceptualized as a network of individual accounts functioning as tokens, available for buying and selling. Consequently, the currency’s value experiences fluctuations in tandem with these transactions. This model incentivizes creators, as account owners receive a portion of the transaction when their tokens are purchased. Conversely, purchasers gain access to private chat rooms, facilitating direct communication with token-holding bloggers, and participation in group discussions with other token buyers.
With a vibrant array of DApps and an ambitious roadmap, Base is poised to redefine Ethereum Layer 2 solutions. Its dedication to innovation, security, and collaboration lays the groundwork for a vibrant and pioneering future. Developers can already engage in the Base ecosystem, eagerly anticipating the impending mainnet launch and the limitless possibilities that await.
As with all investments, interaction with any of the DApps listed in this article come with degrees of risk, which may involve the possibility of complete loss. Users are advised to conduct thorough due diligence before committing to any investment. All information provided in this article is for informational purposes only and should not be considered financial advice.
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