Despite the decline in asset prices this year, Base (Base) continues to attract more users. On April 7, Token Terminal revealed the latest numbers for the network in the first quarter of the year. In particular, the base chain generated a trading fee of $193.4 million during that period.
ICYMI: @Base’s application generated a fee of ~$193.4 million during the first quarter of 2025.
Reported in real time at the token terminal.
Reported by @coinbase about. One month. pic.twitter.com/60gqxbq3r7
– Token Terminal 📊 (@tokenterminal) April 6, 2025
Quarterly trading fees fell slightly from the fourth quarter of 2024, showing fees of over $200 million. However, last year’s final quarter coincided with a period of strong market activity that has increased volume and fees across the board.
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This resilience suggests that the base network continues to grow relative to other chains. Additionally, cumulative revenues reached $100 million on February 28, 2025, but daily trading was relatively resilient.
At the same time, NFT and Defi’s market share is increasing. For one, Base became NFTS’ largest layer 2 network, with weekly sales in January increasing by 45% to $8.3 million.
Base reveals bold plans for 2025
The chain’s growth has been stronger over the past few months, but the team has even greater ambitions. In January, Base announced its plans to achieve $100 billion in chain assets by October 2025. For comparison, this figure is now $2.788 billion, making the base ecosystem sixth among all other chains.
Previously, TVL’s all-time high was $4 billion, but the bank was the basic bank for Coinbase integration for low rates and growth. It is launched by Coinbase and will benefit from integration with the largest Crypto Exchange in the US.
At the same time, this Layer-2 network leverages Ethereum’s security and decentralization to provide low transaction fees and gas-free transactions to improve the user experience.
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