According to a new Nansen report, Base’s rapid growth has made Coinbase-backed Ethereum Layer-2 solution a major infrastructure provider for mainstream consumer blockchain applications.
Nansen highlighted key developments scheduled for the second quarter, particularly Flashblocks, Base Appchains and Smart Wallet Enhancements. This reflects the infrastructure upgrades required to adopt consumer apps.
The flash blocks set for the launch of the mainnet in Q2 reduce the pre-check block time from 2 seconds to just 200 milliseconds, potentially becoming a blockchain that competes with the fastest base Ethereum virtual machines (EVMs).
Furthermore, with driving consumer use, the base app allows high-throughput apps to be deployed on a dedicated Layer-3 network. Current deployments include Blackbird’s Restaurant Loyalty Program and the Farcade AI gaming ecosystem.
Meanwhile, Nansen is anticipating improvements to its smart wallets, offering sophisticated user interfaces and programmable spending limits. This is important for everyday consumer transactions and subscriptions.
Base on-chain metrics introduce this accelerated adoption. Nansen points out that despite the recent slump in the crypto market, robust daily active users and developer activity consistently outperforms the competing Layer-2 along with persistent transaction activity.
As Nansen wrote, the base is currently ranked second in arbitrum in total value locks (TVL), but with the exception of Arbitrum’s high lipid platform, the base is first improved.
Regulation developments also provide base tail fins. The SEC’s recent decision to withdraw the lawsuit against Coinbase reduces the more transparent regulatory framework for digital assets under the crypto-assistance administration.
Native Assets
According to Nansen, given the lack of official base tokens, basic native tokens such as Aero, Virtual, Clanker, and Well present a viable route for market participants seeking indirect exposure to ecosystems.
Nansen identified these tokens performing in a variety of ways each year. Clankers fell by just 18%, surpassing their virtual peers, down 84%. Each token matches the story of a particular market. Aero leads the base for defi volume and memo coin trading. Virtual intersects AI and games. Clanker encourages the creation of social content. It fully promotes Defi Payment Solutions.
Nansen believes Coinbase’s direct involvement and token list adds even more reliability to these assets. For example, Aero has already secured a list of Kraken and Coinbase, and Coinbase Ventures holds a large stake.
While Altcoins linked to the base show significant discounts, Nansen recommends waiting for a more accurate signal of a wider crypto market recovery before substantial positioning.
“Now we see two major tailwinds:
– Deep discounts on the entire basic-related token that presents attractive entry points.
– Powerful Q2 catalysts including upgrades to Flashblocks, Appchains and Smart Wallet, drive further adoption. ”
Overall, Nansen believes that improved base infrastructure, regulatory clarity and a robust ecosystem are firmly positioned to lead the next wave of consumer blockchain applications.
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