Asset management firm Franklin Templeton said that with the rise of social finance (SocialFi) applications, "Base Season" has arrived, with Base leading other Ethereum Layer 2s in the vertical.
Franklin Templeton said in a May report that Base is well positioned to take a significant share of the SocialFi wave and continue to be a leader in the Ethereum L2 field in the future. According to a chart provided by Franklin Templeton, about 46% of SocialFi-related transactions occur on Base, and Base has been constantly 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 share so far. Franklin Templeton said that Base hit a home run in the field of SocialFi, which will continue to be a "key vertical to watch" for Base's adoption and growth in the long run.