Franklin Templeton: Base well positioned to capture significant share of SocialFi activity
2024-05-10 00:12:12
Asset manager Franklin Templeton says Base Season "has arrived with the rise of social finance (SocialFi) applications, where Base leads other Ethereum Layer 2 verticals. Franklin Templeton said in a May report that Base is well positioned to hold a significant share of SocialFi activity and continue to be a leader in the Ethereum L2 space going forward.
According to a chart provided by Franklin Templeton, about 46% of SocialFi-related transactions occur on Base, which has been grabbing market share from BNB Chain and Polygon in recent months. Franklin Templeton said that Coinbase's support has played a key role in Base's capture of nearly half of the SocialFi market to date. Franklin Templeton said that Base has hit a home run in the SocialFi space, which will remain a "key vertical to watch for Base's adoption and growth in the long run.
According to a chart provided by Franklin Templeton, about 46% of SocialFi-related transactions occur on Base, which has been grabbing market share from BNB Chain and Polygon in recent months. Franklin Templeton said that Coinbase's support has played a key role in Base's capture of nearly half of the SocialFi market to date. Franklin Templeton said that Base has hit a home run in the SocialFi space, which will remain a "key vertical to watch for Base's adoption and growth in the long run.
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