Looking to invest in promising cryptocurrency projects on Base Chain ? With the rising interest in this Ethereum Layer 2 scaling solution developed by Coinbase, it’s crucial to understand how to identify the most potential projects. Let’s explore professional strategies for discovering the top coin projects on Base Chain, shall we ?
Table of Contents
What is Base Chain ?
Base Chain is a Layer 2 scaling solution for Ethereum, created by Coinbase. It is designed to provide users with fast, cheap, and secure transactions. Base Chain has attracted the attention of many cryptocurrency investors in recent months, and many believe it has strong growth potential.
Why does Base Chain attract attention ?
There are several reasons why Base Chain attracts attention:
- Created by Coinbase: Coinbase is a major cryptocurrency exchange with millions of users. The fact that Base Chain is created by Coinbase gives it a certain level of credibility and trustworthiness.
- Low gas fees: Base Chain has much lower gas fees compared to Ethereum, making it more attractive for users.
- Fast transactions: Base Chain can process transactions much faster than Ethereum, making it ideal for decentralized applications (DApps).
- Growing community: Base Chain has a rapidly growing community of developers and users.
Finding the top cryptocurrency projects on Base Chain
With increasing interest in Base Chain, many new cryptocurrency projects are being built on this platform. This can make it challenging for investors to identify the most promising projects.
Below are some tools that can help you find the top cryptocurrency projects on Base Chain:
Defi Llama: Defi Llama is a website that provides data on DeFi projects across various blockchains, including Base Chain. You can use Defi Llama to track Total Value Locked (TVL), user count, and other metrics for Base Chain projects.
Token Terminal: Token Terminal is a cryptocurrency data analytics platform that provides detailed information about cryptocurrency projects, including those on Base Chain. You can use Token Terminal to view token price data, trading volume, user count, and other metrics.
Artemis Terminal: Artemis Terminal is a newly emerging cryptocurrency data analytics platform that provides detailed information about DeFi projects across various blockchains, including Base Chain. It offers many features similar to Defi Llama, Token Terminal, and Messari Terminal, but with some key differences.
How to use the three tools, Defi Llama, Token Terminal, and Artemis Terminal, to find new cryptocurrency projects on Base Chain:
Defi Llama
- Access the Defi Llama website: https://defillama.com/
- Choose Base Chain: Click on the dropdown menu at the top of the page and select Base Chain.
- Explore projects: Browse through the list of DeFi projects or use the search bar to find a specific project.
- View metrics: Click on a project to view detailed metrics such as TVL, user count, trading volume, and other data.
- Compare projects: You can compare different projects by clicking on the “Compare” button.
By following these steps, you can effectively use Defi Llama to discover new and promising projects on Base Chain.
Token Terminal
- Create a Token Terminal account: https://tokenterminal.com/
- Choose Base Chain: Click on the dropdown menu at the top of the page and select Base Chain.
- Explore projects: Browse through the list of cryptocurrency projects or use the search bar to find a specific project.
- View metrics: Click on a project to view detailed metrics such as token price, trading volume, user count, dilution ratio, and other data.
- Analyze the data: Token Terminal provides you with a range of tools for data analysis, such as charts, graphs, and filtering tools.
Artemis Terminal
- To create an Artemis Terminal account, visit: https://www.artemis.xyz/terminal
- Select Chain Activity Monitor: Click on the dropdown menu at the top of the page and choose Base Chain.
- Explore projects: Browse through the list of DeFi projects or use the search bar to find a specific project.
- View metrics: Click on a project to view detailed metrics such as TVL, user count, trading volume, and other data.
- Analyze the data: Artemis Terminal provides you with various analytical tools to help you assess the potential of DeFi projects.
- Join the community: Join the Artemis Terminal community to learn more about potential projects and connect with other users.
Notes:
- It’s important to use a combination of multiple information sources when searching for new cryptocurrency projects.
- You shouldn’t invest in any project that you haven’t thoroughly researched.
- The cryptocurrency market can be highly risky, and you should only invest the amount of money you can afford to lose.
