Trillion-Dollar Asset Manager Franklin Templeton Highlights Base as Leading Ethereum Layer 2 in Social Finance
Trillion-dollar asset manager Franklin Templeton has suggested that the "Base Season" has arrived with the rise of Social Finance (SocialFi) apps, with Base leading other Ethereum layer 2s in the vertical. According to Franklin Templeton, about 46% of transactions related to SocialFi are on Base, which has been taking market share away from the BNB Chain and Polygon. The support from Coinbase has played a key role in Base capturing nearly half of the SocialFi market share. Base is home to notable SocialFi application Friend.tech, which allows creators to monetize their content through "tokenized attention." Franklin Templeton believes that Base has been successful in the world of SocialFi and predicts continued growth and adoption in this key vertical. Base is currently the third largest Ethereum layer 2 network by total value locked, with $5.4 billion. Coinbase, the sole sequencer of Base, plans to gradually decentralize it over time.
Sources :
- CoinTelegraph
