how socialfi, memecoins and ai pushed base to the top of the l2 ladder
base rode socialfi, memecoins and ai agents to the top of ethereumโs layer-2 ladder before turning inward to rebuild its core stack.
#base became
#ethereum's top layer-2 by riding three waves: socialfi, memecoins, and ai agents. frienddottech launched during "onchain summer" 2023, attracting 700,000 users. in 2024, over 380,000 tokens deployed on base, helping it flip ethereum in active addresses. ai agents like virtuals protocol then took over, with autonomous bots holding balances and executing transactions. but the party's cooling - coinbase just shut down its creator rewards program, and base is now rebuilding its core stack.
#VrReport