crypto

Title: Key factors fueling Base’s Growth  in 2024. 

Introduction: Base, Coinbase’s Layer 2 solution built on the Optimism stack, has witnessed explosive growth, positioning itself as one of the leading Layer 2 (L2) networks. With a unique strategic advantage and optimized performance, Base has attracted significant attention from both builders and investors. In this blog, we will analyze key metrics driving Base’s rise.

As Slipstream pools win on volume and fees, LPs see increasing $AERO rewards directed by veAERO voters. This dynamic sets off a powerful flywheel effect:

$AERO rewards attract liquidity → high liquidity drives more trading volume → volume generates higher fees → fees attract more veAERO votes, further reinforcing liquidity flows.
This cyclical mechanism allows Aerodrome to continuously scale its dominance within the Base ecosystem. In particular, memecoins and WETH-USDC pairs are well-positioned to benefit from this flywheel effect