Base Network, an Ethereum Layer 2 blockchain, has announced a strong growth plan for the upcoming year, aiming to expand its ecosystem significantly. In a recent blog post, Base shared its goal to reach $100 billion in Total Value Locked (TVL). The blockchain also plans to complete 1 billion transactions by October 2025.
This goal shows Base’s dedication to creating a strong, scalable, and developer-friendly ecosystem in the fast-changing blockchain world.
Meanwhile, Base plans to focus on key initiatives to reach its goals. A main part of its strategy is to provide strong developer tools. The platform will also support various on-chain applications, making it suitable for many uses.
Furthermore, Base’s vision includes allowing users control over their digital assets. The platform will help users manage their accounts and keep their assets safe. Additionally, Base aims to create easy-to-use global capital markets. It will also improve the platform’s ability to handle more transactions, maintaining speed and low costs.
Intriguingly, Base aims to make important progress in the coming years, potentially to change the blockchain world and make decentralized applications accessible to everyone.
In October 2024, Base gained 13.7 million new users, making it the fastest-growing blockchain platform. As reported by TheCoinRise, Base gained an impressive 15.1 million super users, outnumbering Ethereum and Polygon. Several factors contributed to this success, including new users and strong engagement.
Its partnership with well-known DeFi platforms and NFT marketplaces has built a solid system that encourages regular use.
While Ethereum’s dominance in decentralized applications and smart contracts remains unchallenged, Base’s ability to scale engagement quickly positions it as a powerful challenger. Recall that Base made headlines when it surpassed major blockchains in daily stablecoin volume.
Likewise, Base’s TVL also surpassed $2 billion in September 2024. This placed the network one spot away from Arbitrum. Considering Base’s TVL at the beginning of 2024, this achievement stunned many in the ecosystem. Experts attributed the Base’s TVL increase to the Decentralized Exchange (DEX) Aerodrome.
Base’s impressive growth trajectory has often resulted in network issues in the Coinbase ecosystem. This perhaps informed Coinbase’s decision to roll out plans to launch a web app. The app has been designed to serve as a central node for users, facilitating better portfolio management.
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