Base, the Coinbase-incubated Ethereum Layer 2 network, mined its genesis block on June 15, 2023, with a reference to an age-old internet meme embedded within: "all your base are belong to you."

One year after that genesis block, and even less time since Base's public launch in August 2023, Base has become a significant challenger in the Ethereum rollup space, garnering a significant userbase through SocialFi apps on its platform such as Friend.tech, popular decentralized exchange Aerodrome, and lending protocol Moonwell. Base even has its own networks built on top, such as meme-coin focused Degen Chain, which primarily powers the token adopted by Web3 social network Farcaster as its de facto community currency. 

Here's a look inside Base's first year, by the numbers.

SocialFi …