Coinbase’s Ethereum Layer 2 network, Base, is setting its sights high with a pretty ambitious plan for 2025.
They’re not just aiming to play in the big leagues, but want to dominate the game.
25 million users, $100 billion assets, 1 place in the Hall of Fame
Their press release shared with the crypto community revealed Base is on a mission to onboard 25 million users and 25,000 developers.
They also plan to ramp up their blockspace capacity to 250 Mgas/s, which means faster transactions for everyone. Plus, they’re targeting $100 billion in total assets on the platform.
They identified five key focus areas for growth, like empowering developers. They want to create open tools like OnchainKit and support for AI-driven apps to make app development a breeze.
Nex to this, building a robust ecosystem is the next step, where the goal is to foster a thriving community of on-chain applications that enhance social interactions, trading, payments, and messaging.
User experience over all?
Sounds like a buzzword, but simplifying user experience is likely name of the game lately. By enhancing their Smart Wallet, Base wants to make onboarding quick and easy while ensuring secure management of assets.
This will help boosting asset liquidity, as they’re looking to become the go-to hub for global on-chain markets.
Decentralization and scalability is the fifth pillar, because Base is committed to creating a decentralized and open platform that allows everyone to participate in the blockchain economy.
Layer 2 competition
Base recently hit a major milestone by reaching $10 billion in TVL for the first time. And guess what?
That number has since jumped over 50%, now standing at around $15.2 billion. This puts Base as the second-largest Ethereum Layer 2 network, just behind Arbitrum, which boasts a TVL of $18.09 billion.
The growth of Layer 2 networks has been quite important for Ethereum’s ecosystem, and experts believe this trend will keep gaining momentum.
For example, Fidelity expressed optimism about Layer 2 solutions in 2025, highlighting their potential to reduce transaction costs and improve speed.
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