Over the last few months we have seen a lot of places like Solana pump from random meme coins from easy to build platforms like pump.fun. This has created a lot of scams and just junk projects galore which honestly reminds me of when Layer two tokens first hit the markets with Ethereum back in 2017 which sparked a major bull run.

Well Ethereum is still the leader when it comes to market cap of cryptos and with that layer two platforms such as coin stand to really tap into not only the Ethereum market cap but also the massive amount of users and easy to use interface of Coinbase aka COIN.

BASE

Love it or hate it Coinbase has been a flagship towards crypto adoption and battling it out with the expressive government and the SEC over the last number of years. Without that big money backing I don't think we would be in the spot we are today and crypto very well could have been shut down and restricted to a much smaller market cap.

BASE is not a token but instead currently a platform that coinbase runs off of Ethereum as a layer two but it has no token (at least not yet) to go with it.

As of the last few months we have actully bee seeing BASE TLV (Total Locked Value) steadily increasing meaning more activity and more is being built on that blockchain then some of it's competitors that it now beats out.

Base activity per hour is also now just about double a competitor of Arbitrum. These key indicators are showing us some rather major and rapid growth happening on BASE and well this makes sense.

You see BASE has one of the easiest onboarding platforms for crypto which means it has a rather massive userbase of crypto people. Many who want to get involved but don't want to deal with all the tech, ugly UI's and so forth. With BASE it allows projects to easily and more quickly tap into all of these people. While they might not all be heavy cap whales the sheer amount of usage is high and does contribute to value as activity does mean value in the world of blockchains.

BASE Is currently mainly focusing on USA based development which could be a heavy smart play being how the current USA administration of heavily focused on becoming a leader in the crypto markets. Let's be honest under the administration of president Biden the USA has fallen behind many other countries and many ways. This is what happens when you have week leadership and prioritize random weird shit like gender etc over what your government should care about. Let me be clear its down right f**kin weird to have government focusing on that passing laws and all this crazy shit and thank goodness that craps over with now.

Finding Token Winners

This is where doing your own research comes in and while you can use some AI's to help you find information fast I still believe in grunt work and then formulating your own decisions.

I guess it's time for this lame disclaimer lol: This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.

Now some platforms you can use to try to research tokens on COIN would be Coinmarketcap or CoinGeckoCoinGecko. Also DefiLlama can be a great tool to also find projects. Outside of that I also wanted to highlight that DeFi is now up to where it was during the last bull run cycle in 2022 and if we are talking about a 4 year cycle that really means we 2025 should be rocking towards the end of this year.

Centralization

One thing to watch for however is the clear centralization. A lot of this big name blockchains are actully very centralized which has their pros and cons. The pros are it's easier to make changes, develop and build partnerships but security, points of failure and blocks etc are high risk. While on the flip side something decentralized is hard to develop and get things moving, partnership etc but it has less likelihood of being shut down as there's no single point of failure. Just something to keep in mind when looking at COIN or any token you're looking to invest time and money into.