Which one has more development potential, TON or Base,

Which one has more development potential, TON or Base, and what are the opportunities on top of the Base eco-system in the near future?
- Talking Li - MediumOriginal : ZHThe article discusses the TON and Base ecosystems, which have been getting more and more attention lately, and how they are seen as possibly taking over from Solana as the next hot choice. the author believes that in terms of growth potential, Base is probably more favorable because it is backed by a project such as Coinbase. while TON has the advantage of having a billion users on its back with Telegram, the author believes that Base may have more potential, taking into account factors such as the team of the project and the source of funding.
——Generated by ChatGPTThe TON and Base ecosystems seem to be getting more and more attention lately, first by crypto KOLs on the extranet, and then by Chinese media/self-media on domestic platforms and communities, with those who are optimistic about TON saying that TON is the next big thing to replace Solana, and those who are optimistic about Base saying that Base is the next big thing to replace Solana.At the beginning of this month (March), I also found that some partners began to share TON in the group, and suggested that we pay more attention to the ecosystem, and two days ago, another partner sent me a message on WeChat, the content of the message was simply forwarded to me a public article from someone else (the original text is from a compiled article from the TechFlow website), which lists the 8 popular projects on the Base, but the headline of the article directly reads: (the 8 projects) this year will probably grow by 50-100 times, and then the partner asked me if the article had any merit, and I replied: of course, you can pay attention to the 8 projects, but whether or not they can be 50-100 times may be a headline party, just attracting traffic, so simply refer to them, DYOR.So which has more potential for growth, the TON or Base ecosystem?TON (L1) is backed by Telegram, and Base (L2) is backed by Coinbase, both of which are "background" projects. Let's put aside the technical point of view for a moment and say that, personally, I might be more optimistic about Base in terms of development potential.While TON is currently giving the biggest expectation of backing Telegram's 1 billion users while Coinbase only has 110 million registered users, there are a few more points to consider here:First, Telegram is a Russian team-led project, while Coinbase is a US team-led project. for big money in the West, if you have to make a choice, it's more likely to go into Base.Secondly, on March 11th, Telegram founder Pavel Durov publicly stated that Telegram would consider going public through an IPO, which directly fueled the rise of TON tokens, but the problem here is that a social software company led by a Russian team wanting to go public in the U.S. would not be able to associate itself with cryptocurrencies too strongly at this stage, otherwise it would be very difficult to achieve its IPO goal, and so Telegram's biggest expectation of one billion users would be very difficult to fulfill in the short term, whereas Coinbase has already gone public in its role as a crypto-exchange in the last bull market.Thirdly, in terms of valuation, TON's TVL is currently $82 million with a valuation of $25.6 billion (FDV), while Base's TVL is $885 million with a valuation of $3 billion, making the latter a bit of an undervalued company. As for how the $3 billion valuation came to be: Optimism previously exchanged 2.75% of its supply of OP tokens for a 15% stake in Base, which would make Base's valuation equal to $3 billion.As for some people directly compare TON, Base and Solana, I think there is not much comparability, let's not dwell on Solana's previous downtime problems, nor consider the technical perspective, but from the point of view of the choice of funds and ecological mobility, Solana is also a complete victory and far ahead.Of course, from a dialectical point of view, although I don't think TON and Base can exceed the scale of Solana, it doesn't affect the fact that they may become the next hotspot and create some new opportunities, because as long as there is hype, there will be opportunities, and since I'm more optimistic about the development prospects of Base between TON and Base, let's continue to expand on the Base ecosystem.In fact, the topic of Base was covered in a previous post by Talk Lee Talk, and the program was one of the newer programs that we were more focused on last year (2023). as shown below.1. What is the core potential of BaseBase is an ethereum Layer2 solution developed by well-known trading platform Coinbase in collaboration with Optimism. Like other L2s, Base aims to scale ethereum from the perspective of faster transaction speeds and cheaper transaction fees, while utilizing the security of the main ethereum network to enable developers to cost-effectively develop on-chain applications.It's safe to say that backing Coinbase should be one of the main factors behind Base's attention and anticipation, and for obvious reasons, since the exchange:- is the largest centralized compliance exchange in the United States- Used by 90% of custodians of US BTC spot ETFs- Also the platform of choice for large capitalization such as Blackrock (BlackRock)- USDC was also created by the exchange together with CircleIn addition to Coinbase, in fact, in the past two years, the major CEX are actively carrying out various layouts of decentralization, such as Binance and OKX, which we are familiar with, have also respectively launched their own L2 network, as well as integrated decentralized crypto-wallet functions.Through the chain tool we can visualize that by now there are nearly 50 L2 networks, so it can be said that the competition in this field is still very fierce, and with such fierce competition, along with the recent hotspot of Base continues to rise, its TVL has also ranked 4th, reaching the size of 2 billion dollars, as shown in the figure below.Because for Base, backed by Coinbase, it can be a direct gateway to the crypto market for Coinbase users, and that's the most one can expect from it.Coinbase currently has 110 million registered users, and the exchange is building a native smart contract (AA) wallet that will allow the average person to seamlessly transact on the chain without having to store any mnemonics or passwords, all based on the Base chain. in short, with Coinbase's AA wallet, users don't need to withdraw coins from the exchange or cross the chain, but rather use the money in Coinbase to play with the various projects on the Base chain.Last month, the Base team also stated that one of their main goals for 2024 is to make the AA wallet the default wallet, bringing more users to the chain and allowing developers to provide an easy entry and a better experience, as shown in the image below.Of course, it seems that Binance and OKX have been significantly faster in this regard, with OKX in particular launching the Web3 wallet, which is now almost a must-have wallet for new users entering the space.In short, apart from the background and technical aspects of the competition, the most important aspect for a newly born chain is definitely the users, and whoever is able to consistently bring in new users (money), then the chain may have a better potential for development.2. Summary of Base's on-chain dataLet's take this month's (March) data as an example, we can also visualize through the data on the chain, since this month, the number of users of Base has seen a clear new round of growth, as shown in the chart below.Users grew from 3.6 million at the beginning of the month to 5 million, Revenue grew from $18 million to $28 million, and TVL grew from $440 million to $880 million.So what has contributed to Base's rapid growth so far this month?In addition to the hype from crypto KOLs on the extranet, it should not be far removed from the fact that it is Ether's Cancun (Dencun, EIP-4844) upgrade.Prior to the Cancun upgrade, the average transaction cost on Base was approximately $0.31, but with the official implementation of EIP-4844, Base's current network fee (Fee) has been reduced to almost nothing (less than $0.0005) as shown in the chart below.Why a lot of KOLs on the extranet are currently looking at Base as the next hot choice to succeed Solana, aside from some agnostic (leaving out capital influences) reasons, I suspect that the Fee change may also play a part in this, as the Solana network was the only low-cost viable option for high-frequency trading prior to the upgrade in Cancún, but now, the competition from L2 is going to make that viable option even more intense.In addition, we can also see from the on-chain data that some of Solana's "money" seems to be moving more towards Base, which is not a huge amount at the moment, but it's a sign of something new, as shown in the graph below.In the long run, we believe that Base still has a promising future, although it is still facing some problems, such as various running disk, but this does not affect its ecological top continue to generate a variety of new opportunities.Of course, compared to Solana's current ecological prosperity, Base still has a relatively large gap at this stage, and as for the question of whether Base can replace Solana that some people have been talking about lately, as mentioned above, there is not much point in discussing this kind of question.3.Base What are the other opportunities on top of the ecoThe first possible opportunity is on the MemeCoin frontMemeCoin, the top part of the Base ecosystem, has been very impressive over the past few weeks, but it could also be just the beginning of a much larger story.Generally speaking, where there are risk opportunities and enough liquidity, opportunities will arise, and if more people can stay on top of the Base ecosystem and are willing to stay on top of it, then it will also mean that there will be more possibilities and opportunities for MemeCoin on top of it.We won't list the projects here, so that some of you don't see the name of the project and rush to it, but we will simply share the method to find the potential MemeCoin above Base:The first step is to find a new MemeCoin by using any of the four tools that birdeye has shared with us before. using birdeye as an example, click on the Base button in the top navigation bar, and then click on the Find Gems button on the right side of the interface, as shown in the picture below.Second, through the Find Gems button, we can see that as of this writing, there are more than 1,200 coins in the Base ecosystem, and on this page, we continue to use the filter function to filter by a combination of dimensions based on the volume of transactions and timeframe (24 hours is recommended), and then track the number of holders of the corresponding tokens, and if you can find a project that is growing rapidly in terms of holders, you can pay attention to it, because if the holders are growing fast, that means that the project may have a greater potential, as shown in the following figure.Of course, a lot of times playing MemeCoin is about speed, so you may also want to look into the use of trading bots, and some of the more heavily used Telegram Bots on Base currently include Unibot, Unibot, Shuriken, Magnum, Prodigy Bot, and more.But at the same time to remind the old saying: MemeCoin this kind of thing small amount to play can be, at the same time hold the zero mentality, do not pokies.In addition, if you want to get a better early opportunity, then certainly also need to pay some time and energy to find and research, rather than directly follow the KOL to operate, when you find a MemeCoin by many KOL recommended by the time, in fact, is also "someone" may be in the shipment for you to enter the market to take over the time.The second possible opportunity is in the area of airdropsAs long as an ecology can continue to generate heat, then in addition to attracting leeks, will also attract the project side of the accession, so according to the current development trend, there should be a lot of agreements will next choose to start on Base, and the continued accession of new projects, but also directly bring more airdrops are expected.There was a lot of anticipation for the Base token launch, but at this stage it doesn't seem likely that Base will launch the coin itself, but that doesn't stop new projects on its ecosystem from launching coins and airdropping them.Currently, the Base ecosystem focuses on Bridges, DEXs, Lending, and NFT, so if you're interested in airdrops, you can study and pay attention to how these programs play (and interact with each other).As for the detailed list of projects, you can go to the ecosystem section of the Base website to find and research them on your own, as shown in the following figure.Alternatively, you can use some third-party on-chain tools to view the list of projects in the Base ecosystem that have airdrop potential, and then selectively participate in them, as shown in the figure below.Well, the content of this issue we will share here for the time being, this is also the words of Lee outside the words of the 431st article, we will continue to bring you more related to share, interested partners can be through the words of Lee outside the words of the view and learn more about the content.The data/images cited in the article are from some chain tools platforms.Note: The above content is just a personal point of view and analysis, only as a science learning and communication purposes, the title or the body of all the items mentioned in the text and the words outside the words of Li have no interest in the connection, and does not constitute any investment advice. crypto market is a very high-risk areas, please look at rationally, to enhance the awareness of the risk of preventive measures, and to comply with the relevant laws and regulations of the countries and regions where they are located!Defi话李话外FollowQuiz11833.1%Completing a quiz can show that you have finished the articleMultiple-choice question1. 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