The Base ecosystem continues to expand in spite of a market decline, accumulating $193 million in trading fees this year.
Even as asset prices have dropped this year, Base (BASE) is managing to draw in more users. On April 7, recent data was released for the network’s performance during the first quarter of the year, indicating that the Base chain generated $193.4 million in trading fees in that timeframe.
Trading fees for this quarter show a slight decrease from the previous quarter, which had recorded over $200 million in fees. This prior quarter, however, benefitted from a phase of heightened market activity that escalated both volumes and fees.
This remarkable resilience indicates that Base is continuing to grow in comparison to other chains. Additionally, the total revenues for Base reached $100 million on February 28, 2025, while daily transaction volumes have stayed relatively stable.
Simultaneously, its share of the NFT and DeFi markets is increasing. For instance, Base has emerged as the leading layer-2 network for NFTs, showcasing a 45% rise in weekly sales, reaching $8.3 million in January.
Base outlines ambitious plans for 2025
While the chain has seen solid growth over the past few months, the team has even loftier goals. In January, Base announced its objective of attaining $100 billion in on-chain assets by October 2025. In comparison, the current total stands at $2.78 billion, positioning the Base ecosystem as the sixth largest amongst all chains.
Although its previous all-time high for Total Value Locked (TVL) was $4 billion, Base is relying on its competitive fees and integration with Coinbase to propel its growth. Launched by Coinbase, it enjoys the advantage of seamless integration with the largest crypto exchange in the United States.
Furthermore, this layer-2 network benefits from the security and decentralization of Ethereum, while providing low trading fees and gasless transactions to enhance the user experience.