Based Weekly Issue #4: The Base Ecosystem is Rethinking the Web3 Experience

Original Article Title: "Based Weekly Issue 004"

Original Article Author: goyabean

Original Article Translation: Wenlanbo, ChoeyGit, CBB Base Chinese Community

Welcome to Issue 004 of the Based Weekly, where we delve deep into the pulse of the on-chain world, the benefits of the Pizza DAO are coming soon, and Coinbase is resolutely combating bad actors! Fasten your seatbelt, and let's review the major on-chain events of this week together!

Coinbase Takes a Tough Stand Against Ransomware Operators

On May 15, 2025, Coinbase disclosed a cyberattack incident that fortunately affected less than 1% of Base and other network's monthly active users. Hackers, by bribing overseas customer service personnel, stole user names, addresses, and transaction histories and demanded that Coinbase pay a $20 million Bitcoin ransom to keep silent (not disclose the information).

Coinbase CEO Brian Armstrong decided to take a stand and refused to pay the ransom, instead offering a $20 million reward for the capture of the criminals. Coinbase will also compensate the affected users, with estimated compensation ranging from $180 million to $400 million.

This incident did not involve any funds or keys being stolen but exposed a vulnerability in the overseas customer service review process. While Coinbase's tough stance can to some extent enhance users' trust, the effectiveness of the reward is still to be observed. Base users, please remain vigilant and guard against phishing risks! Learn more: https://www.coinbase.com/blog/protecting-our-customers-standing-up-to-extortionists

Metopia's "Newbie Task Pack" Boosts Base New Developers

On May 12, 2025, @Metopia_xyz launched the "New Task Alert" event on the X platform, bringing exciting updates to Base users, specifically targeting new developers on Base. This starter pack aims to help newcomers join the @base ecosystem, providing a structured learning experience and receiving special recommendations from @jessepollak. Explore the vision and advantages of Base; understand the mission and technology driving the platform; learn how these innovations enhance your on-chain experience. This activity's main goal is to introduce resources in a timely manner for new users who want to explore the Base ecosystem as the Base network continues to evolve into a hub for developers and DeFi enthusiasts.

Bankr Bot Set to Launch on Coinbase Wallet

Bankr, an AI-powered cryptocurrency trading bot, is integrating with the Coinbase Wallet, allowing users to access automated trading functionality without leaving the app. This marks a significant step forward for AI-driven tools in the crypto space. The integration leverages the XMTP (a decentralized messaging protocol) to enable secure encrypted communication within the Coinbase Wallet, aligning with the latest advancements in Web3 messaging solutions. This update is part of Coinbase's broader push towards AI and decentralization into more mainstream applications, following their collaboration with XMTP announced in July 2023 to enhance user experience in the crypto field.

BandoCool Fully Embraces Base Ecosystem: Simplifying Cryptocurrency Payments

On May 13, 2025, @BandoCool announced "Bando is now BASED," joining forces with @base to build a global on-chain economy. Bando enables users to directly use tokens on @base to purchase everyday products and services from platforms like Amazon, Uber, Starbucks, Airbnb, and Target, all in just five clicks, without leaving the wallet, without the need for bridging, and without fiat conversion, providing a seamless cryptocurrency payment experience. Bando's success in the #OnchainSummerBuildathon payment track last summer laid a solid foundation for this release, and their victory in the competition reaffirmed the team's focus on developing practical applications on Base. Test it out here: app.bando.cool

OK COMPUTERS Upgrade: Evolving from Terminals to On-Chain Websites

OK COMPUTERS, launched by @dailo, underwent a major upgrade for their NFT series released on @base. With each token uniquely designed to have an on-chain terminal, users can interact with their NFTs through a decentralized command-line interface, positioning OK COMPUTERS as a pioneer of functional utility NFTs. Building on this foundation, they aim to evolve into a more ambitious project where each OK COMPUTER can directly host, view, and edit its own on-chain webpage within the NFT.

This upgrade transforms OK COMPUTERS into "Web3 Geocities", where each NFT is an editable real-time webpage, stored 100% on-chain without relying on IPFS or servers. Your content is permanently saved on the blockchain and can be edited using the "page edit" feature. You can use simple commands to publish HTML and view any OK COMPUTER's page by entering "page <token#>".

This feature connects bots via an on-chain communication protocol, supporting message passing, content publication, and collaborative webpage building, creating an interconnected super network. From now on, every NFT is a node in this digital society, activated and ready to interact. User X @maxslch has published a detailed tutorial on how to publish on-chain pages through OK Computer NFTs. Check it out: max @baseddesigner (@maxslch) on X

Superlend Launches SuperFund: Streamlining Stablecoin Savings on Base

On May 14, 2025, @Superlend_xyz introduced SuperFund, a groundbreaking stablecoin savings account designed for @base users. SuperFund aims to simplify on-chain USDC utilization for users through smart allocation and an automatic rebalancing mechanism across multiple major lending protocols, including @aave, @eulerfinance, @MorphoLabs, and @0xFluid.

Powered by Euler Earn, SuperFund operates with no manual intervention, automatically rebalancing the USDC savings of users hourly. The absence of a lock-up period provides flexibility for deposits and withdrawals, making it an easy-to-use tool for both novice and experienced DeFi users. Superlend focuses on building transparent on-chain financial tools to enhance the mission of the global on-chain economy with Base. The automatic rebalancing feature ensures optimal yield without user intervention, while the lack of a lock-up period offers liquidity—a novel and rare combination in DeFi. Experience it now: funds.superlend.xyz

Optimism's SuperStacks: Total Value Locked Surpasses $100 Million and Continues to Grow

On May 11, 2025, @optimismFND announced a milestone achievement for the SuperStacks project, with the Total Value Locked (TVL) across the entire Superchain (including @base) exceeding $100 million. Their slogan is: "Use Superchain, Get Rewarded." This pilot project demonstrated the increasing adoption of the Superchain network, rewarding user participation and preparing for the ecosystem's rise. To become an Original Gangster (OG) of Superchain, users can: participate in SuperStacks; share their participation experiences on Twitter. Win additional rewards. Visit http://app.optimism.io/superstacks to join this on-chain co-creation movement and win additional rewards.

Basecamp 2025: Engage and Receive an Invitation

On May 10, 2025, @base announced the next Basecamp event, a gathering you don't want to miss. Last year's Basecamp was a whirlwind of innovation, socializing, and inspiration, and this year's event will be even grander. For Base users and developers, this is an opportunity to dive deep into the network's future, connect with like-minded individuals, and drive the project forward. Please plan your schedule and get ready to embark on the journey of accelerated on-chain experiences!

Flashblocks: Base Set to 10x Speed

Base has announced the launch of Flashblocks, a revolutionary technology that reduces effective block time from 2 seconds to 200 milliseconds, increasing network speed by 10 times. The first phase has already begun rolling out, allowing developers to test and prepare on the testnet. This upgrade will fundamentally enhance on-chain performance, making Base a leader in EVM efficiency. For users and developers, this demonstrates Base's commitment to scalability. Get ready for the full technical rollout!

Virtuals Protocol's Genesis Project Skyrockets: $AXR, $ARBUS, and Stakers Airdrop

Over the past week, @virtuals_io's Genesis project has achieved impressive results, with $AXR (Axelrod) and $ARBUS leading the way. $AXR surged by 35% to $0.0215, while $ARBUS rose by 28% to $0.0187, both reflecting the market's strong confidence in Virtuals' AI-driven ecosystem on @base. Stakers received rewards through an airdrop, and these gains highlight the project's success in nurturing high-potential projects. Holders of $VIRTUAL and participants in the Genesis Trenches are eligible to receive these airdrops, as emphasized in the Virgen Points System update released on April 6, 2025, rewarding active participation and long-term holders.

The Genesis project is focused on fair token distribution based on contributions, gaining increasing attention. Users can earn points by holding $VIRTUAL, participating in Trenches, and other activities. An official operational guide is also provided with common questions and answers regarding the purchase, sale, or holding of Genesis Agent Tokens. Recently, $playgameAI was suspended due to malicious activity and a subsequent compensation plan was developed, highlighting the necessity of the official operational guide. For Base users, the Virtuals ecosystem indeed provides a unique opportunity to interact with AI tools and tokenized assets but also requires conducting their own research. The performance of the past week has demonstrated the potential and risks in this evolving field.

YO Yield Optimizer: Automated Multichain Liquidity Mining on Base

On May 13, 2025, @yield launched YO (Yield Optimizer), promising to revolutionize liquidity mining on @base and other chains. Their slogan is: "Farewell to manual liquidity mining, welcome to automated, risk-adjusted multichain yield." YO uses smart algorithms to rebalance funds across protocols like Aave, Euler Finance, Morpho, and Fluid, ensuring optimal returns without the need for user intervention. This update, alongside Base's growing DeFi ecosystem, seamlessly integrates to help users maximize their USDC and other stablecoin yields.

This YO update is a step in the right direction as manual liquidity mining often requires constant monitoring and comes with significant risks. By automating this process, YO aims to make high-yield opportunities more accessible, although its effectiveness will depend on platform security and underlying protocol volatilities. For Base users, it simplifies DeFi interactions and may increase adoption rates, potentially being a game-changer. However, as with any DeFi tool, due diligence is crucial here. YO's efficiency promise is compelling, but the real test lies in execution and user trust. Stay tuned for their progress!

Base Batches Successfully Conclude: A wave of innovation is on the horizon

On May 17, 2025, Base Batches officially concluded, a global competition project that attracted numerous developers looking to shape the future of @base. We eagerly await the final decision by the judges on June 1, 2025, to unveil those outstanding projects. From DeFi solutions to social platforms, the potential for innovative, game-changing applications to win is significant. For Base users, this marks a pivotal moment, with each entry pushing the boundaries of what is possible on-chain. Get ready to embrace the wave of innovation that could redefine Base!

For all Base Batches participants, don't forget to look for additional opportunities: if you used @flaunch in your project, you may be eligible for a Flaunch Builder Grant; if your project integrates @chainlink, pay attention to another competition they are hosting on @devfolio where you can showcase your work. These additional channels can increase the visibility of your efforts, so make sure to seize them! The future of Base is bright, and I'm thrilled to be a part of it!

Get Ready for the 2025 Global Pizza Party: Bitcoin Pizza Day Celebration

The crypto world is gearing up for a fragrant affair as the Pizza DAO's 5th Annual Global Pizza Party is set to take place on May 22, 2025, in celebration of Bitcoin Pizza Day. Back in 2010, at that historic moment, Laszlo Hanyecz used 10,000 BTC to purchase two pizzas, now worth nearly 1 billion USD! This year, over 25,000 pizza enthusiasts are expected to gather in 400+ cities worldwide, from New York to New Delhi, to enjoy free pizza, soak in the community spirit, and engage in blockchain discussions. Visit the Pizza DAO website to find the party nearest to you and join this global feast!

In a surprising turn of events, Nouns DAO's proposal for a joint branding and funding of this year's Global Pizza Party was rejected, unlike previous years where Nouns DAO supported the event through significant grants. However, fret not, as Base has stepped in as a global partner to ensure support for this decentralized celebration, keeping our pizza supply flowing. Base's post on X (Twitter) emphasizes its commitment to co-hosting over 400 parties in 100+ countries, proving that pizza and on-chain innovation are a match made in crypto heaven.

What's even more exciting is that @BasedCreators are collaborating with @Pizza_DAO and @ownthedoge to host the Bitcoin Pizza Day Creator Party Competition that will surely spark your creativity. Every creator on Base is invited to participate by creating a meme, a piece of music, or an artwork to celebrate Bitcoin Pizza Day. The winners will be showcased by @Pizza_DAO, giving artists, musicians, and meme masters a shining opportunity. The deadline is May 21, so follow @BasedCreators, @Pizza_DAO, and @ownthedoge, submit your work in the comments, tag three friends, and retweet to join this "party sauce" showdown. Let's come together to create the most epic pizza party ever!

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