Dip Das (dipedas)

I just voted to stay and build a techno-optimist community with the Network School Farcaster core team. We’re going to implement a Singapore-like code to ensure positive-sum behavior within this app, as distinct from the hostility of most social media. It’s an experiment in decentralized digital democracy, where everyone who’s here has freely opted in. Here’s my onchain vote for the new social smart contract: https://basescan.org/tx/0x3ea60fed3df296afe7191a3bcd7f91eb15e5d0c70b5dc4e5718d86e57599f62a

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Base saw $1.72T in stablecoin transfer volume over the past month. Trillion-dollar monthly throughput, on a single L2 But the real story is in the trend. Two to three months ago this volume hit a record $5.3T/month. It has now dropped to $1.72T That's a 3x decline, yet it's still clearing $1T+ in volume every month But now look at supply, Base's stablecoin market cap sits at just $4.51B. So supply has been roughly flat for months, while volume keeps churning in the trillions Why? According to Coin Metrics research, about 50% of January's volume came from @AerodromeFi concentrated liquidity rebalancing and @Morpho flash loan arbitrage. That means this isn't real payment activity, it's DeFi mechanical churn. Aerodrome's WETH/USDC pool alone moved $6.4T over the past year So is this volume fake? No. But it isn't "adoption" either it's "plumbing." Bots and automated strategies are cycling the money around,people aren't paying with it

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Right now the entire L2 ecosystem's capital is flowing back to Ethereum again According to L2BEAT's interop map, net flow shows @ethereum +$661.73M, while almost all other chains are negative. Leading this exodus is @base at -$345.50M followed by @solana -$182.68M @megaeth -$77.41M @avax -$54.23M In the last 24 hours, $2B moved across 181 routes, with 73.2% of it connected to Ethereum Top route is Base → Ethereum. CCTP v2 ($626.58M) and USDC ($988.14M) account for most of this movement, meaning most transfers are happening through stablecoins Only a handful of chains are showing green in these 24 hours, among them @HyperliquidX , @Optimism, @RobinhoodCrypto @monad . But these numbers are negligible compared to what's flowing out of Base and Solana If your favorite L2 narrative is "sticky onchain liquidity," this week's flow data says otherwise Where does this capital go after landing on mainnet, is anyone tracking that next step?

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Started with $100 $970 in 2 days I love Base meme coin 🔵

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Base Stablecoin Transfer Volume Base Chain currently records $230B+ in daily stablecoin transfer volume and it even hit an all-time high this month on Apr 3, with just $4.6B in supply Meanwhile, Ethereum's daily transfer volume sits around $50B with $170B in supply Base's stablecoin supply is just 2.5% of Ethereum's, yet its transfer volume is 4-5x higher That means every dollar on Base changes hands far more frequently. In terms of capital efficiency, base is operating on a completely different level This is what Velocity > Supply looks like Base isn't just growing it's working differently

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BaseApp has received some small but useful UI updates Previously, the Discover section only showed Market Cap + Token Age for any coin Now Token Price has also been added no need to open a token separately just to check the price Also, before the update, all coins in Discover showed only the Base chain logo. Now after the update, it shows which coin belongs to which chain separately 2nd. Previously, sharing a profile from Base App would show the wallet address instead of the name base. app/profile/0x****` Now it only shows the username base .app/profile/dipdas 3rd. Now while trading on BaseApp, sometimes a verification code may be sent to your account email this is mainly for extra security These small changes are making baseapp more and more user-friendly However, one bug still remains in my observation The 24 hour volume shown inside BaseApp for some coins doesn't match the real on-chain volume. I had reported this to Coinbase before and it still hasn't been fixed

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x402 Protocol Is Base Dominant? Last 30 Days Facilitator Data on Base (Facilitator is the middleman of x402. When a client sends a payment, the Facilitator verifies whether it's valid, then the seller gives access to the API or content) Total: 2,507,115 txns with $1.93M volume coinbase - 2,250,165 txns Volume - $177.25K 58,989 buyers PayAINetwork - 199,275 txns Volume - $1.44M 1,534 buyers mrdn_finance - 21,321 txns $288.31K 13 buyers virtuals_io - 11,819 txns Volume - $5.32K 1,450 buyers thirdweb -1,880 txns Volume - $348.19 79 buyers In terms of transactions, Coinbase is leading. But PayAI is on top in volume $1.44M This means high-value payments are happening on PayAI, while Coinbase is handling high-frequency transactions Out of 2.96M total transactions in the x402 ecosystem last month, over 80% occurred on @base alone. The remaining 460K transactions went through @solana AI agents are paying on Base by themselves without any human. The agentic economy is not far from becoming a reality

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