On-chain Data on the Base Chain Resonates with Ecosystem Tokens, AI Narrative and Stablecoin Demand Jointly Drive Growth

BlockBeats News, May 6th, according to DefiLlama data, Coinbase's Layer2 network Base Chain has recently seen a significant on-chain data recovery, with TVL reaching $46.44 billion. DEX trading volume remains active, with nearly $8.62 billion in the past 24 hours and $51.23 billion in the past 7 days. Since May, on-chain data has resonated with the wealth effect.

At the same time, several tokens in the Base ecosystem have surged:

VIRTUAL market cap surpassed $500 million, with a 9.8% increase in the last 24 hours;

CLANKER market cap surpassed $28.7 million, with a 21% increase in the last 24 hours;

DEGEN market cap surpassed $26.5 million, with a 5.7% increase in the last 24 hours;

BNKR market cap surpassed $35 million, with a 9.7% increase in the last 24 hours;

TOSHI market cap surpassed $78 million, with a 5.6% increase in the last 24 hours.