Oh, look, Base is out here flexing its $193 million in Q1 trading fees like it’s the crypto world’s new prom queen. 👑 Despite the market doing its best impression of a sinking ship, Base is somehow still swimming. 🏊♂️
Token Terminal dropped the tea on April 7, revealing that Base raked in $193.4 million in fees during Q1. Because, you know, nothing says “resilience” like a blockchain casually pocketing millions while everyone else is panicking. 💸
ICYMI: The applications on @base generated ~$193.4m in fees during Q1 ‘25.
Reported on Token Terminal in real-time.
Reported by @coinbase in approx. one month.
— Token Terminal 📊 (@tokenterminal) April 6, 2025
Sure, Q1 fees were a smidge lower than Q4 2024’s $200 million, but let’s not forget that last year’s final quarter was basically crypto’s version of Black Friday. 🛍️ So, cut Base some slack, okay?
But wait, there’s more! Base hit $100 million in cumulative revenues by February 28, 2025, and daily transactions are holding up like a champ. 🥊 Meanwhile, its NFT and DeFi market share is growing faster than my inbox after I accidentally sign up for a newsletter. 📈
Speaking of NFTs, Base is now the biggest layer-2 network for them, with weekly sales jumping 45% to $8.3 million in January. 🎨 Because apparently, even in a downturn, people still need digital monkeys and pixelated art. 🐒
But Base isn’t stopping there. Oh no, they’ve got *big* plans for 2025. Like, “$100 billion in on-chain assets by October” big. 🚀 For context, they’re currently sitting at $2.78 billion, which makes them the sixth-largest chain. So, you know, just a casual 97% growth target. No pressure. 😅
How do they plan to pull this off? Low fees, Coinbase integration, and leveraging Ethereum’s security and decentralization. Because why reinvent the wheel when you can just slap some fancy rims on it? 🚗💨
So, is Base the future of crypto, or just another shiny object in the blockchain circus? 🤡 Only time will tell. But for now, they’re definitely winning the PR game. 🏆
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2025-04-07 18:32