Is Coinbase Layer-2 a crossroads?

BASE, Layer-2, is facing the older American Crypto, Coinbase, difficult times after the strong entrance to the market to the market for more than a year.

Data from the InTotheblock market analysis platform He appears The basic ecosystem is under pressure, which is the challenge by the last market.

The basic ecosystem under pressure

After reaching a peak of $ 4 billion in the total closed value (TVL) in mid -December 2024, the base is now struggling with TVL of $ 3.2 billion, according to Data From the de Machine complex Defillalama.

The volume of transactions has decreased at a base of $ 2.2 billion in mid -December to $ 852 million. Network revenues fell from $ 629,000 to less than 192,000 dollars at the time of this report. In addition, the headlines and transactions of the series have declined significantly.

In the midst of diving in the active headlines and the number of transactions, Ineblock mentioned that only a handful of symbols now has the majority of their owners in profit, and weakens the retail interest.

The conversion of the network can also be seen in the volumes of eight basic assets, including Aerodome Finance (Aero), Morpho (Morpho), and BRTT (BRTT), recorded a decrease of 78 % in the series size since December.

Previous Al Qaeda performance

Before the negative market dynamics, Base was the network for new retail traders. Its daily transactions increased by 1600 % in 2024, increasing 372,000 in January to 6.63 million in October. TVL also increased by 470 % on the same time frame, as the series of the global TVL series expands on the series from 1.07 % to 3.59 %.

In addition, the daily transactions in BASE increased by 1900 % from 2.1 million to 42.34 million, which won the market share by 9 % in the volume of global daily transactions. At some point in November, TVL increased in the series more than $ 10 billion for the first time, making the second ethereum layer-2 network with more than $ 10 billion, TVL, after the expression.

After registering such a great growth in the past year, the current Base raises the issue that the network is at a crossroads-if this is a temporary setback or a turning point for the leading Layer-2 series.

However, the Sunnah has just started, and analysts expect altseason in the coming months. This, in addition to the ambitious road map in Base for the year 2025, brings hope to the path of the medium -time chain.