Is Base Really Based?

Base, the layer2 incubated by Coinbase, saw rapid growth in early 2024, and the author argues that the Base ecosystem's momentum will continue. The article cites daily active users rising from 60k to 70k to over 350k, daily transactions hitting over 3m, and USDC issuance on Base reaching $1.59b after a $477m weekly increase. It attributes the growth largely to Farcaster, the $DEGEN memecoin community, and lower gas costs following EIP-4844, and it notes that Base rollup profits reached $10m at the end of March.