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![TheDeFiPlug Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::45717966.png) THEDEFIPLUG [@TheDeFiPlug](/creator/twitter/TheDeFiPlug) on x 53.6K followers
Created: 2025-07-17 12:20:58 UTC

X. Base ( @base)

No token. No farm-and-dump flywheel.

And yet, Base is now the largest Ethereum L2 by TVL ($3.95 billion) and adding real usage at the application layer.

In the last 24h:

- Chain fees: $153K
- App fees: $2.46M
- App revenue: $908K

The kicker? All of that happened without Base token incentives.

Why does Base work?

✅ Coinbase onboarding funnel (millions of new users)

✅ DeFi-native apps like Aerodrome, Seamless protocol, and Avantis

✅ Consumer social apps (Farcaster) building sticky demand

Base isn’t growing because it’s being subsidized.

It’s growing because the on-chain UX finally feels good. And apps are building on top of that foundation.

![](https://pbs.twimg.com/media/GwDx6HoagAA7XgS.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945821023443857732/c:line.svg)

**Related Topics**
[happened](/topic/happened)
[$908k](/topic/$908k)
[$246m](/topic/$246m)
[$153k](/topic/$153k)
[token](/topic/token)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)
[coinbase](/topic/coinbase)

[Post Link](https://x.com/TheDeFiPlug/status/1945821023443857732)