Base Layer-2 Network Poised for Q2 Dominance,Says Nansen
Base,Coinbase’s layer-2 network,is set to lead the decentralized finance (DeFi) and consumer apps market in Q2,according to Nansen. The blockchain analytics firm’s report points to strong on-chain activity, robust metrics, and a growing user base as key factors.
This growth suggests Base’s continued rise as a core DeFi platform. It’s also leading the next generation of consumer applications. Projects like Virtuals Protocol (VIRTUAL) and Aerodrome Finance (AERO) are gaining attention.
Several factors will likely push Base’s total value locked (TVL) higher in Q2. These include new app-chains, the U.S. SEC dropping its lawsuit against Coinbase,and a growing pro-crypto landscape.
Nansen analysts beleive Base is well-positioned due to Coinbase’s large network effects and scale. Strong on-chain traction across metrics like TVL, stablecoin velocity, and daily active users supports this view.
Upcoming developments include Flashblocks, set for a mainnet launch in Q2, and Base appchains. While Base has no native token, memecoins and AI-linked tokens could offer exposure to the L2.
Projects like VIRTUAL and AERO are potential entry points. Key narratives include DeFi meta, gaming, socialfi, and payments. Listing on Coinbase and expansion to Solana are also significant milestones.
With Bitcoin (BTC) trading in a range,analysts advise not rushing altcoin trades. However, positioning for a potential BTC breakout could benefit Base-native assets.
