Arthur Cheong anticipates an increase in transaction volume for Base, Coinbase’s Ethereum 
$3,099-based layer-2 scaling solution. As the CEO of DeFiance Capital, Cheong predicts that the decentralized exchange (DEX) volume on Base will surpass that of Coinbase’s centralized exchange (CEX) within six to twelve months.
Cheong’s Forecast
Cheong believes that Base represents “the future of Ethereum.” He also thinks that the DeFi sector will grow alongside memecoins. He stated, “Am I the only crazy one who believes in the simultaneous occurrence of the DeFi Renaissance and the memecoin supercycle?”
According to the decentralized finance data platform DeFiLlama, Base has become the largest Ethereum layer-2 solution, surpassing Arbitrum in terms of total value locked (TVL). TVL refers to the amount of cash invested in a protocol’s smart contracts and is used to measure the health of the crypto ecosystem.
Future Expectations
With a current TVL of 2.45 billion dollars, Base exceeds Arbitrum’s TVL of 2.404 billion dollars. Projects with more TVL than Base include Binance Smart Chain (BSC), Solana 
$231, Tron, and Ethereum. Coinbase launched Base last year, emphasizing that there was no network token issuance for layer-2 in its early days.
Cheong’s predictions provide a positive outlook for Base’s rise in the crypto market. The adoption of Ethereum’s layer-2 solutions could contribute to the overall growth of the DeFi ecosystem.
If the expected long-term growth materializes in a regulatory environment that has also softened, it wouldn’t be surprising for Coinbase to issue tokens to attract more capital. Therefore, days with BASE Token may be seen in the future. Looking ahead, the potential for popular applications in the network to attract more liquidity and increase their value is a more predictable forecast if the network grows.
Arthur Cheong’s predictions offer significant insights into Base’s future role. The simultaneous growth of DeFi and memecoins could create new opportunities in the crypto market.
