The Rise of Web3 Super Apps: Base App Redefines the on-chain Ecosystem

At a recent important press conference, Base announced a significant upgrade to its ecosystem. The core of this upgrade is the official renaming of Coinbase Wallet to Base App, marking a strategic shift for Base from purely underlying infrastructure to a "super app" that integrates users, applications, and social interactions.

From the underlying chain to a comprehensive ecosystem

Base originally focused on becoming a high-performance Ethereum L2, but as industry competition intensified, pure performance advantages were no longer sufficient to stand out. To this end, Base has upgraded its brand to an open technology stack, including:

• Base Chain: As a fast, low-cost Ethereum L2
• Base Build: Provides developers with building tools and support
• Base App: As the entry point and front end of the entire ecosystem

This strategic adjustment aims to build a solid competitive advantage for Base and seize the entry battle in the Web3 world.

Comprehensive Function Integration

The Base App is positioned as a "universal application" designed to integrate the dispersed functionalities of the Web3 world:

Open Social Network

• Built on the Farcaster protocol, ensuring users have ownership of their content and social relationships.
• Support content creation and assetization, allowing creators to profit directly from their works.
• Achieve social trading, allowing users to track and participate in popular trades within the information stream.
• Provide a reward mechanism for active participation in the community

one-stop user experience

• Integrated a large number of mini-applications covering various fields such as gaming, yield mining, and more.
• Built-in asset trading functionality, supporting the trading of a large number of on-chain tokens.
• Achieve fast USDC transfers through NFC technology
• Provide personalized user space customization
• Holding USDC can earn up to 4.1% annual yield.

The integration of social and finance

• Encrypted chat feature based on the XMTP protocol
• Support interaction with AI agents in chat to perform complex financial operations.
• Implement instant transfer functionality in chat

Technological Innovation Drives Experience Upgrade

The smooth experience of the Base App is backed by multiple technological innovations:

• The Flashblocks module is now online, reducing block time to 200 milliseconds and increasing speed by 10 times.
• Base Account SDK provides a unified on-chain identity and convenient payment solution.
• Support sub-account functionality for seamless transactions within the app

Build a Global On-Chain Economic Ecosystem

Base's vision is not limited to creating an application, but rather to building an open, efficient global on-chain economic system:

• Collaborating with JPMorgan Chase to pilot the deposit token JPMD on Base.
• Deep collaboration with Shopify to introduce Base Pay into mainstream e-commerce payment scenarios.
• Collaborate across industries with companies such as Erewhon and Perplexity AI.
• Absorb the Opyn team to enhance on-chain derivatives capabilities.
• Deeply integrated with multiple open protocols to ensure the openness of the ecosystem.

Base is building an open and innovative global economic ecosystem by integrating multiple aspects such as social, identity, applications, and payments. With the advancement of these efforts, a more free and innovative on-chain economy is gradually taking shape.