The Base ecosystem continues to grow despite a market downturn, generating $193 million in trading fees this year.
Despite falling asset prices this year, Base (BASE) continues to attract more users. On April 7, Token Terminal revealed the latest figures for the network in the first quarter of the year. Notably, the Base chain generated $193.4 million in trading fees during that period.
Trading fees for the quarter were slightly down from Q4 2024, which saw over $200 million in fees. However, last year’s final quarter coincided with a period of strong market activity that boosted volumes and fees across the board.
This resilience suggests that Base the network continues its relative growth compared to other chains. What is more, cumulative revenues for Base hit $100 million on Feb 28, 2025, while daily transactions also remained relatively resilient.
At the same time, its market share in NFTs and DeFi is growing. For one, Base became the biggest layer-2 network for NFTs, registering a 45% increase in weekly sales to $8.3 million in January.
Base reveals bold plans for 2025
While the chain’s growth has been strong in the past few months, the team has even bigger ambitions. In January, Base revealed its plan to achieve $100 billion in on-chain assets by October 2025. For comparison, the figure now stands at $2.78 billion, making the Base ecosystem the sixth among all other chains.
While its previous TVL all-time high was $4 billion, Base banks on its low fees and Coinbase integration for the growth. Because it was launched by Coinbase, it benefits from the integration with the largest US-based crypto exchange.
At the same time, this layer-2 network leverages Ethereum’s security and decentralization, while offering low trading fees and gasless transactions to improve user experience.
