Basic activity on chain and future catalysts indicate the growth of K2: Nansen

The base, the layer-2 coinbase network can dominate the decentralized finance markets and consumer applications starting from the second quarter, according to Blockcain’s Analytical Company Nansen.

Nansen’s Last report Prominent activities on chain, robust metrics and growing user base as some of the catalysts that signal potential explosive performance for the base in K2.

This suggests that the constant growth of L2 as a basic operating platform. In addition to the leading new generation of consumer applications, the drip moves in the next quarter sparkles on ecosystem and token projects, including similar virtual protocol (Virtual) and airport finance (Aero).

Powerful catalysts for the base in K2 will probably push the total value locked even more involve new chains applications, the effect of American securities and exchanges Draining your lawsuit against a tavern and growing pro-crypto landscape.

“The base is the direct bet of Coinbase on Orchain Future and given the large network effects and volume of coinbase, we see that the basis is strongly set,” Nansen written in his report.

Combining these catalysts with strong chain traction in traditional meters, such as TVL, stableCoin speed and daily active users, painted the Bullal Future for the base. These metrics reflect the activity of developers, road maps and funding, forming a part of convincing narrative for the base growth.

Nansen Analysts See this “Chain State” as what sets the base except others L2.

Upcoming development

Flashblocks, currently live on testnet and placed for Launch Majnet in K2, together with basic appetite and smart wallets scheduled for release in K2, are significant developments that strengthen the scope of the basis.

While the base itself is still no mother-in-law, analysts see memecoins and artificial intelligence associated with views as if some of the property will probably offer a directional exposure to L2.

Projects such as virtual, Aero and others offer potentially great input points given their current performances. The viewing narratives include defeating, gaming, social resources and payment. In the list of coins and extensions on the Solana are also a key milestone ecosystem. Bitcoin (Btc) Performance is second.

“With BTC, we are still trading in range, we are not in a hurry to time trade, but positioning for a potential break remains the key. If the main shift, the basic property assets can significantly surpass,” analysts analysts.