YashasEdu Profile picture
Aug 4 2 tweets 2 min read Read on X
So @baseapp is Coinbase's attempt to create a ‘super app’ for crypto & the numbers show they might actually be onto something.

When Coinbase rebranded their wallet as Base App in July, it wasn't just a name change. They built what looks like WeChat for crypto.

@baseapp = Wallet functions + social feeds + payments + mini apps + AI assistance

The goal is eliminating the friction that keeps normal people away from Web3.

➠ What makes it different from other crypto wallets?

1/ SocialFi

The social aspect runs on @farcaster_xyz, letting users post content that can be turned into tradeable NFTs through @zora. So instead of just storing tokens, you're creating & monetizing content

Results?

➤ @base saw explosive growth in the number of new token launches during July
➤ Daily token creation jumped from 4k to over 15k after launch, with unique creators growing from 1.5k to 12k

2/ PayFi

The payment system (Base Pay) works like Apple Pay but uses USDC. You can tap your phone to buy coffee or pay for Shopify purchases

➤ 1% cashback until end of 2025
➤ This bridges crypto & real world spending in a way that actually feels natural

3/ Mini-apps

➤ It runs inside the platform covering games, prediction markets, yield farming & airdrops
➤ No switching btw different websites or downloading separate apps

➠ Smart wallet architecture

➤ Uses account abstraction (Users don't manage private keys or manually sign every transaction)
➤ You can create a wallet with just an email
➤ Gas fees get sponsored or optimized automatically (This removes the barriers that scare away mainstream users)

Trading volume grew from $1M to over $6M daily. Creator rewards spiked from $1k to over $30k per day. Over 8k Zora Smart Wallets became active during the initial surge. The numbers show real engagement, not just speculation.

@coinbase is shifting from being just an CEX to becoming Web3 infra. They're betting that the winning approach isn't making crypto more ‘crypto-native’ but making it feel like the Web2 apps people already understand.

Projects integrated with Base App are seeing real benefits.

+ @zora enables the content tokenization
+ @noicedotso handles social tipping
+ @clankeronbase helps in token creation

@base formed an independent security council in April 2025, separate from Optimism's governance. Combined with the Trump administration's friendlier crypto stance, speculation about a $BASE token is growing.

Most people want apps that solve problems. If @baseapp can make crypto feel as easy as Venmo while offering Web3's ownership benefits, it could drive real mainstream adoption.Image
You must follow them for Web3 education

@hmalviya9 @snow949494 @belizardd @Hercules_Defi @DefiIgnas @Slappjakke @TheDeFinvestor @kenodnb @TheDeFiGuru_ @DeFiMinty @thelearningpill @TrycVerrse @Defi_Warhol @Louround_ @TheDeFiPlug @eli5_defi @0xAndrewMoh @DeRonin_ @0xTindorr @arndxt_xo @poopmandefi @0xCheeezzyyyy @Mars_DeFi @AlwaysBeenChoze @splinter0n @zerokn0wledge_ @satyaki44 @0xTanishaa @bullish_bunt @0xKaiFi @cryptorinweb3

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More from @YashasEdu

Nov 6, 2024
Did you know: 80% of daily cross-chain transaction volume can be optimized?

Let's dive into how @EverclearOrg is making this a reality! 🧵 Image
1/ Let's understand the problem. The Web3 ecosystem is rapidly expanding, with DeFiLlama now listing over 300 registered chains.

Out of which 74+ are L2s and there are more coming.

This growth reflects the industry's maturation but also brings challenges. Image
2/ Challenges like👇

→ Poor user experience across chains
→ Fragmented liquidity
→ Complex asset transfers
→ Costly rebalancing for liquidity providers

But what is the solution to this? Yes you know that term, it's called "CHAIN ABSTRACTION"
Read 21 tweets
Sep 2, 2024
101 on @megaeth_labs: The EVM L2 pushing blockchain performance to Web2 levels.

▫️ 100k+ TPS
▫️ <1ms latency
▫️ $0.01 fees

Worth it or just hype? Let's understand MegaETH🧵 Image
1/ MegaETH is an EVM-compatible L2 aiming to bring Web2-level real-time performance to crypto.

It's backed by @VitalikButerin @sreeramkannan and recently raised a $20M seed round led by @dragonfly_xyz. Image
2/ The core vision

Push Ethereum L2 performance to hardware limits, bridging the gap between blockchains and traditional cloud computing servers.

But why do we need another L2? Let's explore.👇
Read 20 tweets

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