Will BASE remain strong with “NO AIRDROP FOR COMMUNITY” ??
BASE chain is one of the Layer 2 chains that gained popularity upon its launch in July 2023. BASE chain is a network developed by Coinbase Exchange, one of the largest exchanges, using the OP stack. A few months ago, this chain garnered attention due to the extremely high-rise of meme coin projects and social fi projects, which made many people FOMO.
However, BASE chain itself does not intend to provide rewards to its community for using their chain. To understand how the growth of a chain that offers rewards to the community compares with one that does not, I will compare it with another Layer 2 project based on their ecosystems. Projects in the ecosystem are chosen to use a maximum of only 2 chains to avoid excessive TVL (Total Value Locked) on other chains :
Optimism (Airdrop)
Optimism eccosystem has a large amount of TVL for each project. That indicates the community keeps the money wheel turning within its ecosystem. The smallest project TVL on OP ecosysmten is $17 Million
Arbitrum (Airdrop)
ARB eccosystem has a large amount of TVL for each project. That indicates the community keeps the money wheel turning within its ecosystem. The smallest project TVL on ARB ecosysmten is $54 Million
BASE (Not Confirmed / No Airdrop Possible)
In the BASE ecosystem, it is indeed true that some projects have a substantial Total Value Locked (TVL) even though the team does not create attractions like airdrops to draw users to their chain. However, what made BASE gain popularity is SOCIALFI. Friendtech is the pioneer behind the rise of this new meta. Friendtech has a significant dominance in TVL within the BASE ecosystem, amounting to $43 million.
HOW DO YOU THINK ABOUT THAT ???? WILL COINBASE STILL SURVIVE WITH “NO AIRDROP” ???
