Is Base Only a Shitcoin Blockchain?

By Cryptofab | Cointune | 2 Aug 2023

Base, Coinbase's Ethereum layer-2 scaling solution, has been flooded with memecoins like BALD in recent days. But is that all there is to Base?

Not quite. While there are certainly plenty of memecoins on Base, there are also a number of legitimate projects worth paying attention to.

Here are a few of the most promising projects on Base:

Aerodrome: A Solidly DEX that offers low fees and fast transactions.
Pike: A multi-chain lending market that allows users to borrow and lend assets across Base, Ethereum, Arbitrum, and Optimism.
CAP: A perps DEX that offers perpetual contracts on a variety of assets.
Rebase: A bridge between Ethereum and Base that allows users to transfer assets between the two chains.
Sushi: The popular DEX has launched on Base, offering users a more affordable and efficient way to trade tokens.

Of course, Base is still in its early stages, and it remains to be seen whether these projects will be successful. However, the fact that there are legitimate projects on Base suggests that it is more than just a memecoin blockchain.

So, is Base only a shitcoin blockchain? Not necessarily. There are a number of promising projects on Base that could make it a viable alternative to Ethereum. Only time will tell whether these projects will be successful, but it's worth keeping an eye on Base in the meantime.

Here are some additional thoughts on the matter:

The recent influx of memecoins on Base has led some to question whether the chain is just a playground for pump-and-dump schemes. However, it's important to remember that there are also a number of legitimate projects on Base.
The success of Base will depend on whether it can attract users who are looking for a more affordable and efficient way to use Ethereum. If Base can offer a compelling value proposition, it could become a major player in the Ethereum ecosystem.
Only time will tell whether Base will be successful. However, the fact that there are legitimate projects on Base suggests that it is more than just a memecoin blockchain.

What do you think? Is Base only a shitcoin blockchain, or is it more than that?

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