Base Network Rakes in the Fees Riding Crypto’s Favorite Memes

With more than $3.3 million in profit generated since its mainnet launch on August 9, the Base network is firing on all cylinders.

Liam J. Kelly3 min read

Removing fees for pushing that activity to the Ethereum mainnet, Base is still left with $3.3 million.

With the network launching its mainnet on August 9, just 22 days ago, that’s some serious business. Prior to the official launch, folks had already bridged money over, hence revenues prior to August 9.

For comparison, Arbitrum’s generated $63 million in revenue since its launch (and just $16.5 million in profit). Optimism generated $43 million in revenue and $9.9 million in profit.

“Onchain data reveals a slight declining trend in Base's weekly percentage profit margin,” a spokesperson for on-chain analyst group SeaLaunch told Decrypt. “However, even over a month post-launch, Base's profit margin stands strong above 60%—which is significantly higher than other L2 rollups profit margins.”

But so long as the Base memes keep flowing and the gamblers keep gambling, the sky’s the limit for Coinbase’s latest on-chain experiment.

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