Base’s “Onchain Summer” promotion saw participation of over 2 million unique wallets, resulting in over $5 million in mint revenue to creators, according to a blog post.

• As well as creating envy among other crypto exchanges, Base appears to out-gunning other secondary Ethereum networks.
• Base’s largest DeFi protocol, Aerodrome Finance, shows that almost all of the top markets, especially when excluding stablecoin swaps, are memecoin-linked trading pools.
• The ease with which users of Coinbase can onboard to Base has also been a winner, done via a smart contract wallet without the need for seed phrases and the like.

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