- Crypto Club 23
- Posts
- š„Coinbaseās Base: The Layer-2 Project Driving Quiet Billion-Dollar Growth
š„Coinbaseās Base: The Layer-2 Project Driving Quiet Billion-Dollar Growth
Time to change compliance forever.
Weāre thrilled to announce our $32M Series A at a $300M valuation, led by Insight Partners!
Delve is shaping the future of GRC with an AI-native approach that cuts busywork and saves teams hundreds of hours. Startups like Lovable, Bland, and Browser trust our AI to get compliantāfast.
To celebrate, weāre giving back with 3 limited-time offers:
$15,000 referral bonus if you refer a founding engineer we hire
$2,000 off compliance setup for new customers ā claim here
A custom Delve doormat for anyone who reposts + comments on our LinkedIn post (while supplies last!)
Thank you for your supportāthis is just the beginning.
šļø Get started with Delve
Hey there, famā
Something big is brewing in the world of blockchain infrastructure. Itās fast, cheap, growing like wildfire⦠and somehow, thereās no token to ape into.
Weāre talking about BaseāCoinbaseās Ethereum Layer-2 network thatās quietly becoming one of the biggest players in crypto. Letās break it all down š
š§± What Exactly Is Base?
Base is Coinbaseās Layer-2 scaling solution for Ethereum, built using Optimismās OP Stack.
It bundles transactions off-chain and settles them on Ethereum, meaning:
ā
Faster speeds
ā
Cheaper gas fees
ā
Same Ethereum-level security
But hereās the twist: Unlike most Layer-2s, Base didnāt launch a token. No airdrop, no governance coin, nothing. Just utility.
So whatās the endgame? Coinbase is building a gateway chaināone that seamlessly onboards millions into Web3 through the tools they already use.
š The Growth Has Been Insane
Letās talk numbers:
$92+ million in revenue generated (2024 alone)
74.88 million wallets on Base (up from 24.55 million just months ago)
4.2 billion dollars locked in Baseās DeFi ecosystem
#1 Layer-2 by Total Value Locked (TVL)āyes, it passed Arbitrum and Optimism
Base isnāt playing catch-up. Itās leading.
š§ Why Base Is Winning
Hereās why builders and users are flocking to Base:
ā” Speed + Savings
Gas fees are dirt cheap, and transactions confirm in seconds.
š ļø EVM Compatibility
Developers can easily deploy their Ethereum dApps to Base without rewriting code.
š¼ Coinbase Integration
Users already on Coinbase can move onto Base with easeāusing the wallet, exchange, or fiat on-ramps they already trust.
š§āš» DeFi + NFT Ecosystem
DEXs, lending platforms, NFT marketplaces, and yield farms are all building on Base.
šø Revenue Engine
Instead of printing a token, Base earns from transaction fees. This makes it one of the rare blockchains with actual, measurable income.
āļø The Competition: Whoās in the Arena?
Hereās how Base stacks up:
Layer-2 | TVL (Approx.) | Key Notes |
---|---|---|
Base | $4.2B | Fastest-growing, Coinbase-backed |
Arbitrum | $2.9B | Once dominant, now #2 |
Optimism | $2.3B | Similar tech but slower growth |
Polygon | $1.2B | Sidechain model, different architecture |
Base didnāt just show upāit bulldozed its way to the top.
Run IRL ads as easily as PPC
AdQuick unlocks the benefits of Out Of Home (OOH) advertising in a way no one else has. Approaching the problem with eyes to performance, created for marketers with the engineering excellence youāve come to expect for the internet.
Marketers agree OOH is one of the best ways for building brand awareness, reaching new customers, and reinforcing your brand message. Itās just been difficult to scale. But with AdQuick, you can plan, deploy and measure campaigns as easily as digital ads, making them a no-brainer to add to your teamās toolbox.
You can learn more at AdQuick.com
šø Can You Invest in Base?
Hereās where things get interesting.
ā No Token. No ICO. No direct buy-in.
Base runs on ETH, and there are zero plans for a native $BASE token (as Coinbase has repeatedly said).
But that doesnāt mean you canāt profit from its growth. Hereās how savvy investors are playing it:
š§ Investment Outlook: Strong Buy (Indirect)
ā Bullish Factors
Real Revenue ā Base earned over $92M in one year from actual usage.
Massive User Adoption ā Wallet growth is up over 200% in just months.
TVL Leader ā The DeFi world is choosing Base over everyone else.
No Token Inflation ā No dilution or token drama. Pure utility.
Backed by Coinbase ā Regulatory muscle, brand power, and user trust.
ā ļø Risk Factors
Centralization ā Coinbase still controls the sequencer. Some decentralization maxis arenāt thrilled.
Regulatory Exposure ā Coinbase is a U.S. company. A policy shift could cause turbulence.
Tech Arms Race ā zk-rollups and newer L2s could catch up technologically.
No Token, No Direct Play ā You canāt ape into Base directly. That limits speculation.
š” So⦠How Do You Invest in Base?
You go indirect. Hereās how:
Buy Coinbase Stock ($COIN)
Baseās success boosts Coinbaseās bottom line
Revenue from Base directly benefits COIN shareholders
Explore Projects Built on Base
DeFi protocols running on Base may offer their own tokens
Hold Ethereum (ETH)
Base uses ETH for gas, and its growth contributes to Ethereum adoption
Join the Ecosystem Early
Use the apps. Interact. Be part of Baseās future⦠just in case that airdrop ever does come š
šÆ Key Metrics to Watch (2025 and Beyond)
TVL Growth Target: $10B+ by year-end
Revenue Continuation: Another $100M+ year?
Developer Migration: More dApps moving from Ethereum or other L2s
Institutional Onboarding: Will big brands and institutions tap into Base?
š§© Final Take
Base is what happens when a crypto giant decides to stop talking and start building. It skipped the hype, ditched the token drama, and quietly became the most used Layer-2 in the game.
Is it perfect? No. But itās one of the most fundamentally solid bets in crypto today.
You canāt buy a token. But you can bet on its growthāwith strategy.
š Investment Recommendation:
Rating: Strong Buy (Indirect)
Risk: Moderate
Timeframe: 12ā36 months
Biggest Catalysts: Ecosystem expansion, TVL growth, Coinbase monetization
Want exposure to the fastest-growing Layer-2 in crypto?
You might not be able to buy Base...
But you can ride its wave.