Base "refactoring" is imminent, which targets are worth layouting?

Written by: kkk, rhythm

On July 15, Coinbase Wallet officially announced that it would release a "major update" the next day. Previously, Jesse Pollak, co-founder of Base Chain, also spoke out on the X platform, saying that there will be an important announcement on July 16, which may mark a major upgrade of Coinbase Wallet's products.

Recently, Coinbase is carrying out a deep strategic restructuring around the Base chain, no longer satisfied with being a "crypto asset management tool", but actively transforming into an "on-chain super entrance" that integrates social connections, transaction execution, content distribution and offline consumption. The MiniApp system and application recommendation mechanism embedded in the wallet are gradually evolving into a project cold starter and traffic hub in the Base ecosystem, making the wallet the first stop for users to discover new projects, and creating a closed-loop "payment, social, transaction, and consumption" ecosystem for Coinbase.

In addition, Coinbase's acquisition of a number of traditional technology companies at the beginning of the year is paving the way for this ecological map. This Wallet update is likely to be a centralized release of traffic and functions, and is also expected to bring a new round of user growth and capital injection to the Base chain. In this context, this article will take stock of the potential targets of the Base ecosystem that are worth layout.

Aero: The MetaDEX Revolution

Aerodrome combines the best features of its predecessor DEX: it employs a Curve and Convex-inspired tokenomics model to optimize governance and token issuance, and a Uni v3-style centralized automated market maker for efficient capital exchange. These features provide a solution to align the incentives of various stakeholders, making Aerodrome the preferred trading venue for users.

Coinbase Ventures, an active participant in Aerodrome's governance, voted in favor of channeling AERO's token distribution to the cbBTC pool, further cementing Aerodrom's market dominance. This is yet another testament to Aerodrome's strong ties to Base and Coinbase, which will make the protocol the cornerstone financial infrastructure of Base L2.

Thanks to the growth dividend of Base Chain users, the popularity of Aerodrome continues to rise. According to the data, the platform TVL has rebounded from $300 million in April to $530 million currently, and the protocol revenue has also led steadily, with 24-hour revenue reaching $580,000, ranking first in the Base chain for a long time. The update brings an increase in the activity of the BASE ecosystem, which brings new growth to the aero generation.

Clanker: A Launchpad where everyone can issue coins

Clanker is an autonomous proxy based on the Base blockchain, and its core function is to help users deploy ERC-20 standard tokens. Users only need to tag the @clanker on the social platform Farcaster and provide the relevant token information (such as name, symbol, and image), and Clanker will complete the token creation, liquidity pool setup, and liquidity locking. The whole process does not require users to have complex technical knowledge, and truly realizes "everyone can issue coins".

Recently, Clanker was upgraded to V4, which fully integrates Uniswap v4 with exclusive expansion features, making it the most flexible meme launch infrastructure available. The new version brings a more customized deployment experience, including dynamic/static fees, configurable fee collection mechanism, creator-first "sniper auction" MEV module and other powerful features, which not only enhance the freedom of token deployment, but also greatly optimize the user experience and creator income path.

At present, the monthly revenue of the Clanker protocol has exceeded $350,000, and the cumulative profit has exceeded $30 million, far exceeding most similar platforms, but the market valuation is still at a relatively low level. With the implementation of the V4 protocol and the gradual launch of profit sharing, staking, governance and other mechanisms, Clanker is expected to become the "king of launchpads" for the issuance of base chain memes.

Mamo: Coinbase Wallet's On-Chain Coin Pass

In the past two weeks, $MAMO has skyrocketed 4 times, and FDV has exceeded $100 million, becoming one of the most watched new stars on the Base chain. Mamo is known as Coinbase Wallet's "Coin Pass", a service that focuses on "automatic compound interest mining", users only need to deposit assets into the wallet, and the system will intelligently allocate them to high-quality strategy pools in the background for mining, with an annualized rate of return of up to 7%. There is no need for manual operation, and the income is rolled into the principal every day, realizing the real on-chain "after-sleep income".

Moonwell, the producer behind it, is a "regular army" invested by Coinbase, so the skyrocketing price of $MAMO can be described as a conspiracy.

Byte: An AI wallet for self-ordering

Byte is reshaping the boundaries between crypto payments and real-world consumption. With a single sentence, the AI will automatically select the restaurant, place the order, and complete the payment, all without a click. It not only opens up the payment path between cryptocurrencies and real merchants, but also is the world's first POS system integration solution that can realize "AI automatic checkout".

Base co-founder Jesse Pollak even tweeted his support for takeout in person, endorsing Byte's actual landing. With the access of more and more F&B brands and the popularity of AI proxy transactions, Byte is expected to become the basic payment layer in the AI business era, expanding to more scenarios such as e-commerce, subscription, and offline services, and taking the lead in laying out the "AI wallet" entrance in the next decade.

summary

Today, Coinbase Wallet is accelerating its evolution into an on-chain super app: it not only opens up content consumption scenarios such as social networking (Farcaster), payment (Byte ordering), short videos, etc., but also embeds functions such as automatic financial management (Mamo) to provide users with one-stop on-chain daily life. This transition from a "trading tool" to a "life entrance" marks that Coinbase is reconstructing the full-stack ecosystem around the Base chain and betting on the growth paradigm of Web3 as the next stop.

With the major update approaching on July 16, this product-level upgrade is expected to break the single boundary of traditional exchanges, bring stronger user guidance and liquidity increment to Base, and further consolidate its leading position in the on-chain application ecosystem.