Content provided by JuCoin Labs Crypto Research Institute:
After Trump came to power, expectations for Base Chain’s compliance have strengthened, making it more attractive for capital inflows. With Coinbase backing it, Base has become one of the main public chains offering compliant yield in the United States. Recently, after Coinbase Ventures established the Base Fund, it joined forces with well-known private equity firm Echo to launch the Base Ecosystem Group plan, which will further support Base Chain’s ecosystem and technology.
According to Artemis data, Base Chain is also one of the main recipients of Ethereum Layer 2 capital inflows, and its TVL currently tops the Ethereum Layer 2 rankings. The Base Chain official team is also deepening technical development; even in the current bear market, the number of developers remains steady. Token Terminal data shows that over 5,000 contracts have been deployed on Base Chain in the past month. In this context, the community views Base as one of the most promising public chains after Solana and BNB Chain. Its ecosystem projects are now attracting significant investor attention. Below, we analyze the on-chain data of the Base public chain and highlight several projects that are worth watching.
I. On-Chain Data
Total TVL:
According to DefiLlama, since October 2024, Base Chain’s TVL has grown significantly—from about US$1.5 billion to approximately US$2.69 billion, an increase of 79.33%.
Total Address Count:
The total number of addresses on Base Chain has shown a steadily rising trend. Since January this year, the address count has grown from 90 million to 140 million, an increase of over 55.5%.
Total Revenue:
Base Chain’s overall revenue is on an upward trend. In January 2025, the chain generated about US$100 million in revenue; as of now, total revenue has reached approximately US$130 million, representing an increase of about 30% over the past three months.
II. Projects Worth Watching
$CLANKER
CLANKER is a leading AI launchpad built on Base Chain. Compared to its predecessor Virtual, $CLANKER is more open; users can trade its ecosystem tokens even if they do not hold the $CLANKER token. Recently, many of the higher market cap MemeCoins on Base have been issued by $CLANKER. As a token issuance platform, every token launch requires a certain amount of $CLANKER as a fee, generating a continuous cash flow. Notably, $CLANKER has been added to the roadmap by Coinbase Assets, although it has not yet launched on Coinbase, leading to high market expectations. Currently, $CLANKER’s market cap is US$62 million, with 201K holder addresses.
Contract Address: 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb
$BNKR
BNKR is designed to optimize asset management and risk control by using machine learning to identify market trends, execute trades, and provide data-driven analytics to help users manage crypto assets more efficiently. BNKR is the DeFAI terminal of the Clanker ecosystem, similar to AI assistants like Aixbt, and supports direct token trading, limit order setting, and token issuance on platforms such as X and Farcaster. It has also received support from Base Chain’s official channels.
Currently, $BNKR has two token addresses; however, the community-recognized one is:
(7a7): 0x3b6482b610d7501856f7de71b63dcc2d2103f7a7. Recently, $BNKR’s founder (deployer) started engaging in a bet on $BNKR’s market cap by the end of March and purchased a high market cap portion.
Contract Addresses:
(7a7): 0x3b6482b610d7501856f7de71b63dcc2d2103f7a7
(287): 0x3ff84ec7fda70eda5b376913de98ea93b078e287
$DRB
$DRB is the first AI MemeCoin deployed with participation from @grok (the AI agent managed by Musk) and @bankrbot, and it has also attracted official attention from Base Chain. A notable feature of $DRB is that its 0.4% transaction fee is redirected into a designated $DRB wallet. Currently, 1% of the tokens are already held in that wallet; if the wallet remains unmanaged, $DRB will maintain a deflationary state.
Some community speculation suggests that it is likely managed by the Grok team. Given its strong association with Musk’s @grok, the community often compares it to $DOGE. Overall, market sentiment for $DRB is high; its market cap once reached US$33 million, and it currently stands at US$12 million with 86,400 holder addresses.
Contract Address: 0x3ec2156d4c0a9cbdab4a016633b7bcf6a8d68ea2
$TYBG
$TYBG originates from @jessepollak, one of the founders of Base, who once made a community pledge to shave his head if Base Chain’s TVL reached US$10 billion. Interestingly, many OGs have joined in on this “game.” Known participants include Coinbase Ventures head @HoolieG and core members of the Base team such as @wbnns. Currently, $TYBG’s market cap is US$11 million, with 106K holder addresses.
Contract Address: 0x0d97F261b1e88845184f678e2d1e7a98D9FD38dE
$MOCHI
$MOCHI is a Memecoin named after the cat of Coinbase CEO @brian_armstrong. Compared to other projects, $MOCHI is one of the older MemeCoins and has even developed its own NFT project, @MochimonsNFT. It is considered a relatively mature MemeCoin; however, current market sentiment appears moderate. Additionally, $MOCHI was previously involved in controversy related to the “Rug Pull” incident of the stablecoin project USDM. Currently, $MOCHI’s market cap is US$17 million, with 103K holder addresses.
Contract Address: 0xF6e932Ca12afa26665dC4dDE7e27be02A7c02e50
$TOSHI
TOSHI is a MemeCoin named after the cat of Coinbase co-founder Brian Armstrong and after Satoshi Nakamoto, the anonymous creator of Bitcoin. Born in 2023, $TOSHI is a veteran MemeCoin with a strong community foundation. Notably, $TOSHI has already been listed on Coinbase. Currently, $TOSHI’s market cap is US$171 million, with 550K holder addresses.
Contract Address: 0xAC1Bd2486aAf3B5C0fc3Fd868558b082a531B2B4
$BRETT
BRETT is the flagship project of the entire Base ecosystem. Its narrative is derived from a blend of meme culture and comic art. Compared to other MemeCoins, BRETT’s most notable aspect is its wide range of applications. First, $BRETT has partnered with platforms like @coinbasewallet and @klever_io, allowing users to purchase tokens directly with a credit card without KYC. Second, it has received support from @gainsdotmeme, which will help expand its degen community. Additionally, $BRETT supports Zebec credit card payments, creating a consumption scenario for the token. $BRETT has already been listed on Coinbase’s perpetual contracts. Currently, $BRETT’s market cap is US$333 million, with 797K holder addresses.
Contract Address: 0x532f27101965dd16442e59d40670faf5ebb142e4
$DOGINME
DOGINME is another dog-themed community MemeCoin with a very strong community foundation, and its official team actively incorporates community suggestions. Moreover, on-chain address distribution shows that $DOGINME holder addresses are highly decentralized, with the largest address accounting for only 5.54% – a characteristic typical of community-driven MemeCoins. Notably, $DOGINME has recently been listed on Coinbase. Currently, $DOGINME’s market cap is US$72 million, with 128.5K holder addresses.
Contract Address: 0x6921b130d297cc43754afba22e5eac0fbf8db75b
III. Summary
Strong Growth Momentum on Base Chain:
As a leading Ethereum Layer 2 solution, Base Chain shows outstanding on-chain data. Even in the current bear market, both its active user base and developer ecosystem continue to grow. Thanks to its efficient scalability and low-cost features, Base Chain is becoming a critical infrastructure for various sectors such as DeFi, NFTs, and social applications, attracting an increasing number of project teams and users.
Policy and Capital Dual Drivers:
Backed by Coinbase – one of the world’s largest compliant crypto trading platforms – Base Chain is expected to benefit from a more open U.S. government stance on cryptocurrencies under Trump’s leadership. With both regulatory and capital support, Base, as a homegrown American public chain, has a vast development space.
On-Chain Investment Opportunities on Base:
Recent plans for Coinbase listings show increased support for the Base ecosystem. For example, the recent listing of $DOGINME is a representative project. This market environment gives Base ecosystem projects great confidence; some projects with strong community foundations but low market caps may become value “dips” and offer significant investment opportunities as Base Chain continues to develop.
Neason Oliver
