基本基礎根據Defi貸款的增長，因為其應用活動增長了129％

Morpho貸款的增長和整體偏向值鎖定的正在推動基礎的擴展。

Base is showing strong growth in its underlying app activity, despite the recent slowdown in memes and AI agents. This growth is largely driven by the expansion of Morpho lending and the overall increase in DeFi value locked on Base.

儘管最近模因和AI代理人最近放緩，但基地的基礎應用活動仍顯示出強勁的增長。這種增長在很大程度上是由於morpho貸款的擴展以及基本上鎖定價值的總體增加所致。

According to DappRadar, Base's app activity saw a 129% increase, with the chain now hosting over 500 decentralized applications (dApps). Among these, top DeFi hubs are showing strong performance in early 2025. The tokenless chain's activity has also expanded to over 2 million daily active users (DAUs) in January, indicating a surge in on-chain engagement over the past three months.

根據Dappradar的說法，Base的App活動增加了129％，鏈條現在託管超過500個分散應用程序（DAPP）。其中，最高的Defi中心在2025年初表現出強勁的性能。Tokenless Chain的活動在1月份也已擴展到每天超過200萬活躍用戶（DAUS），這表明過去三個月中鏈上互動的激增。

The adoption of Base is being fueled by the activity on SynFutures DEX and Morpho DeFi lending. Initially launched as a chain for fun NFT and meme experiments, Base is now pivoting towards DeFi, with a growing volume of cbBTC trading. Morpho's expansion follows its promotion by Coinbase as a source of crypto-backed loans, offering access to Coinbase users to borrow against a collateral of Bitcoin (BTC).

基礎的採用是由對綜合DEX和Morpho Defi貸款活動的活動所推動的。 Base最初是作為Fun NFT和Meme實驗的連鎖店推出的，現在正朝著Defi旋轉，越來越多的CBBTC交易。 Morpho的擴展是在Coinbase作為加密支持貸款的來源之後的推廣之後，為Coinbase用戶提供了訪問權限，以藉用比特幣（BTC）的抵押品。

Another factor boosting Base's growth is its addition to Phantom Wallet, which was used to onboard more new users in the last quarter of 2024.

促進基地增長的另一個因素是它增加​​了幻影錢包，該錢包在2024年的最後一個季度被用來登上更多新用戶。

Base's app volumes reached an all-time high in January after months of accumulating users. Initially, Base was generating mostly low-value traffic, with accessible transactions and meme-based activity. Currently, Base also carries $2.27 billion in cbBTC, further boosting liquidity for DeFi activities.

經過數月的用戶積累數月後，Base的應用程序量在一月份達到了歷史最高水平。最初，基地主要產生低價值流量，具有可訪問的交易和基於模因的活動。目前，Base在CBBTC中還擁有22.7億美元的資金，進一步提高了Defi活動的流動性。

Over time, Base locked in $3.47 billion in total value, although other reports count a higher value locked in smart contracts. Morpho Blue, the Base version of the lending protocol, locks in a total of $3.56 billion on all chains, contributing significantly to Base's inflows. The lending protocol recently expanded its assets and loans to a new all-time high.

隨著時間的流逝，基本的總價值鎖定了34.7億美元，儘管其他報告估計鎖定智能合約中的價值更高。貸款協議的基本版本版Morpho Blue鎖定了所有連鎖店的總計35.6億美元，這給基本的流入量帶來了重大貢獻。貸款協議最近將其資產和貸款擴展到了新的歷史最高水平。

The activity of decentralized applications and complex interactions with DeFi protocols are increasing the throughput for Base or gas spent on each transaction. Base leads other L2s in the throughput metric, showing consistent growth since the chain's launch.

分散應用程序的活性以及與Fefi協議的複雜相互作用正在增加每次交易上花費的基本或氣體的吞吐量。基地領導吞吐量指標中的其他L2，自連鎖店的發布以來顯示出一致的增長。

Top DeFi apps boost Base's revenue

頂級Defi應用程序增長了基本的收入

DappRadar's reports indicate that Base carries $2.44 billion in its top DeFi applications, or $1.59 billion in adjusted value. The chain's top applications include Uniswap V2 and V3, Aerodrome, Morpho, and Moonwell, among others. This path of development chosen by Base could enable it to compete with Solana, although the chain still lags in most metrics.

Dappradar的報告表明，Base在其最高DEFI應用程序中載有24.4億美元，或調整後的15.9億美元。該連鎖店的最高應用包括Uniswap V2和V3，機場，Morpho和Moonwell等。基本選擇的這種發展之路可以使其能夠與Solana競爭，儘管該連鎖仍然落後於大多數指標。

The increased app activity also translates into higher fees for the chain. Base achieved over $12 million in fees for December and over $11.48 million for January to date. Base is one of the few chains with a relatively low cost of revenues, managing to retain most of its on-chain earnings. For the past three months, Base has achieved more than $8 million in retained earnings after paying out incentives.

增加的應用活動還可以轉化為鏈的較高費用。 12月的基礎收取了超過1200萬美元的費用，迄今為止1月的收費超過1,148萬美元。基地是為數不多的收入成本相對較低的連鎖店之一，設法保留了大部分鏈收益。在過去的三個月中，基地在支付激勵措施後已獲得超過800萬美元的保留收益。

Base's revenues grew again in the last quarter of 2024, although not reaching the peak levels from April. The chain's activity is now more sustainable, coinciding with the expansion of cbBTC. This recent expansion follows a period of deliberate marketing, which however produced much lower traffic.

基地的收入在2024年的最後一個季度再次增長，儘管從4月起就沒有達到峰值水平。該連鎖店的活動現在更加可持續，與CBBTC的擴展相吻合。最近的擴展是在一段故意的營銷之後，但是流量降低了。

Base only pays a few thousand dollars to verify its transactions on Ethereum, which hardly affects the chain's earnings. Base remains one of the cheapest L2s to transact on. The current app activity may be more organic, as Base has not hinted at airdropping a token. The chain carries some low-value or zero-cost transactions, but there is no immediate expectation of airdrop farming.

基地僅支付幾千美元來驗證其在以太坊上的交易，這幾乎不會影響連鎖店的收入。基地仍然是最便宜的L2s之一。當前的應用程序活動可能更有機，因為基地尚未暗示著airdropop a的令牌。該連鎖店帶有一些低價值或零成本的交易，但沒有立即期望氣盤耕作。

Base picks up Ethereum's activity

基礎接收以太坊的活動

After Arbitrum's initial success, Base seems to be the chain picking up activity and liquidity from Ethereum. Arbitrum retained its status as the chain for DEX swaps and risky trading, while maintaining its relatively high inflows from the L1 chain. Arbitrum still leads with $5.6 million in stablecoin liquidity, while Base is slowly catching up with $3.6 billion in stablecoins.

在仲裁最初的成功之後，基礎似乎是從以太坊拾取活動和流動性的連鎖店。仲裁保留了其作為DEX掉期和風險交易的鏈條的地位，同時保持了L1鏈中相對較高的流入。仲裁仍以560萬美元的穩定流動性領先，而基地逐漸趕上了36億美元的Stablecoins。

The movements of liquidity from Ethereum into Base reached $3.44 billion, with a 5% share of stablecoins and the inclusion of ETH and bridged tokens. A total of 612,691 ETH have been bridged on Base for liquidity and DEX trading.

從以太坊到基地的流動性變動達到了34.4億美元，佔穩定股的份額為5％，將ETH和橋接的代幣納入。總共有612,691個ETH在流動性和DEX交易基礎上被橋接。

Base remains one of the top chains for DeFi and CeFi activity, largely due to Coinbase's efforts to offer consumer crypto products. Base still relies on Coinbase's regulated status and the reputation of USDC, its most widely used stablecoin. Base is one of the leading chains for token transfers and general on-chain utility.

基地仍然是DEFI和CEFI活動的頂級連鎖店之一，這在很大程度上是由於Coinbase為消費者提供消費者加密產品的努力。基礎仍然依賴於Coinbase的規範狀態和USDC的聲譽，即使用最廣泛使用的Stablecoin。基礎是代幣轉移和一般鍊鍊實用程序的領先鏈之一。