Welcome to this week’s Based Weekly, your go-to roundup for the latest in the onchain world! We’re diving deep into Base’s Stage 1 Decentralization milestone, the innovative OK Computers NFT drop by Dailofrog, Paperclip Media’s game-changing Paperview app, and Senpi AI’s rise as an OnchainGPT for traders. We’ll also cover Defi App’s momentum on Base, Base’s standout presence at FarCon 2025 in Brooklyn, the new Coinbase Wallet beta, Beadphrase’s fun BeadPunks NFT drop, USDC’s fresh X profile, Coinbase Ventures’ investment insights, Optimism’s SuperStacks campaign, a Times Square tribute to builders, and Coinbase’s new onchain loan service. Plus, stick around for a big announcement—our $BM token launches today! Let’s explore the future of Web3 together.

Base stage 1 Decentralization: Powering the Onchain Future

Base achieved Stage 1 Decentralization on April 29, 2025, marking a pivotal step toward a global onchain economy, as announced by @base on X. Defined by Vitalik Buterin’s framework, this “limited training wheels” phase introduces permissionless fault proofs—live since October 2024—allowing anyone to challenge the network’s state, ensuring transparency without a single point of control. Users can now withdraw funds to Ethereum L1 in 3.5 days, supported by open-source challenger software that incentivizes dispute resolution. A 10-member Security Council, composed of independent entities across various jurisdictions, oversees contract upgrades, requiring 75% consensus among the council, Base, and Optimism, reducing Coinbase’s influence and aligning with the decentralized Superchain vision. Base joins an elite group as the 10th of 62 tracked rollups to reach this stage, per L2Beat, alongside networks like OP Mainnet. With $11.77 billion in Total Value Locked (TVL), Base offers enhanced security and no single point of failure, making it a safer platform for builders to create dApps using tools like OnchainKit, and for users to transact. Base’s journey continues with plans for Stage 2 Decentralization, where no group can alter the chain’s state except in predefined bug scenarios, and exploration of zero-knowledge (ZK) fault proof systems to further bolster its infrastructure. Learn more at base.org.

OK Computers by Dailofrog: A Revolutionary Onchain NFT Drop

On May 2, 2025, @dailofrog, in collaboration with @0xDeployer and @bankrbot, launched OK Computers, a collection of 5,000 fully onchain NFTs on Base redefining digital collectibles with groundbreaking features. Each NFT, referred to as a “bot,” embeds an interactive terminal powered by a Three.js 3D graphics engine, allowing users to execute commands like “run” to generate a unique generative art piece in real-time, blending nostalgia for 80s/90s terminal interfaces with modern Web3 interactivity. What sets this collection apart is the terminal’s upgradability, enabling future enhancements such as new commands or art styles without altering the core NFT, ensuring OK Computers evolves with its community. It made history as the first collection to mint directly on X’s timeline via @bankrbot’s text commands. Needless to say, the collection sold out rapidly!

Paperclip Media’s Paperview: Bringing a new way for creators to earn onchain

Paperclip Media launched Paperview (@paperview_media) on May 2, 2025, offering a revolutionary monetization model for creators on Base and Farcaster, as highlighted by @base on X. This mini-app lets creators post anything—from alpha insights to exclusive art—set a price between $0.01 and $1M, and get paid instantly in USDC when fans unlock their content, with no subscriptions or platform fees eating into earnings, unlike Patreon’s 8-12% cuts. Built for virality, Paperview integrates social logins for easy access and referral programs to boost earnings, encouraging creators to share and grow their audience within Farcaster’s decentralized social network. Fans pay using USDC on Basewhere transactions cost under 1 cent, ensuring creators keep nearly 100% of their revenue With the creator economy projected to reach $500 billion by 2030, Paperview positions itself as a game-changer, leveraging Base’s $11.77 billion TVL and Farcaster’s social graph to create a viral hub for content creators, from micro-influencers to artists. X users like @davidtsocy and @Web3Heir praised its simplicity, urging creators to “post, price, profit.” Start earning by minting your posts at paperview.media.

https://www.paperview.media/?view=73&ref=0x2565282D11299d0Eb13603c1DA12c716312C264a

Senpi AI: OnchainGPT for Autonomous Trading on Base

On April 28, 2025, @senpi_ai launched on Base, introducing itself as the OnchainGPT for autonomous trading, designed to give users an AI-driven edge in the crypto market. Built by Airstack, Senpi offers features like autonomous trading, real-time portfolio tracking, and market sentiment analysis, helping traders spot alpha with precision—think of it as a personal trading wingman for the onchain world. Its modular Eliza plugins and open-source APIs allow developers to extend its capabilities, making it a versatile tool for trading, analytics, or DeFi tasks, as noted on senpi.ai. The Base core team has been vocal about its potential, with @base spotlighting Senpi’s real-time data prowess in an April 28 X post, suggesting it’s a project worth watching closely. While I haven’t had the chance to dive deeply into its mechanics or audit its codebase, Senpi leverages Base’s $11.77 billion TVL and sub-1-cent fees to provide a seamless trading experience, positioning it as a potential game-changer for onchain traders. X users are buzzing about its capabilities, with some calling it a must-have for navigating Base’s thriving ecosystem—could this redefine how we trade in Web3? Explore it yourself at senpi.ai.

Defi App: Surging on Base with a Robust XP Program

@defidotapp is making waves on Base, Coinbase’s Ethereum Layer 2 blockchain, with explosive growth since its private beta launch in January 2025—boasting over $500 million in trading volume and 30,000+ users by March, as shared by @defidotapp on X. Positioned as crypto’s “Everything App,” Defi App offers instant cross-chain swaps, 25x leverage perpetuals powered by @HyperliquidX’s $2T+ engine (live since May 1, 2025), and an AI-driven trading agent for spotting alpha, rivaling tools like Senpi AI. Backed by a $100 million funding round from @MechanismCap in December 2024, it’s leveraging Base’s $11.77 billion TVL and sub-1-cent fees to deliver a seamless, gasless trading experience—no bridging or KYC required. Its Degen Arena XP program gamifies trading, rewarding every action, including swaps, perpetuals trades, and even liquidations, with XP points, as highlighted by @KaitoAI, which ranked Defi App among the top-10 pre-TGE projects with 2.61% mindshare in April. Partnerships like @SonicLabs for layered points farming further boost engagement, while the XP program prepares users for an anticipated Token Generation Event (TGE) 40% of rewards fueling faction bonuses, according to @PANOROM1883.

Join the Degen Arena with my code at app.defi.app/join/SQAxBT and explore more at defi.app.

Base Shines at FarCon 2025 in Brooklyn

Base had a standout presence at FarCon 2025, the decentralized Farcaster conference held in Brooklyn, NYC, from May 1-4, 2025, as announced by @base on X. The Base Loft became a hub for over 1,000 attendees, hosting builders, creators, and Web3 enthusiasts during Builders Day, which kicked off with a 24-hour hackathon where teams competed for bounties, followed by The Summit’s talks, demos, and pop-up activations, per farcon.nyc. Events like the BuildHer Brunch and Base Golden Hour fostered community connections, while projects like @senpi_ai, with its OnchainGPT for trading, and @paperview_media, enabling creator monetization, stole the show with their innovative demos, showcasing Base’s thriving ecosystem.

The New Coinbase Wallet

Announced at FarCon the new Coinbase Wallet, now in early limited beta, is a bold reimagining of Web3 interaction. As shared by @base and @CoinbaseWallet on X, it’s been rebuilt from the ground up to prioritize social features and app discovery, creating a seamless space to post, share, earn, and explore—all onchain. Showcased at the Base Loft during FarCon’s Builders Day, this wallet aims to redefine how users engage with Base’s $11.77B TVL ecosystem. Unlike traditional wallets focused solely on asset storage, the new Coinbase Wallet integrates Farcaster Frames to power a social feed and mini-apps, per @base’s February 4, 2025, post. Users can: -Connect with communities, trade tokens, and share content in a TikTok-like interface, Discover dApps like @paperview_media or @senpi_ai via bite-sized, onchain mini-apps built in minutes. -Earn through creative posts or viral token moments, leveraging Base’s sub-1-cent fees for frictionless transactions. With support for $BTC, $ETH, $SOL , and more, it’s a one-stop hub for crypto, NFTs, and DeFi, designed to onboard the masses to Base’s onchain economy. Want in? Join the waitlist at https://app.deform.cc/form/a332685e-9685-4b8d-89cb-14107ada5386/?page_number=0

BeadPunks Onchain Collection Dropped

On April 28, 2025, @beadphrase unveiled BeadPunks, a vibrant collection of CryptoPunk-inspired NFTs crafted from fuse beads, fully onchain on Base. As @beadphrase declared to me in a private chat, “I just want NFTs to be fun again :)”, this free-mint project, accessible via mint passes, aims to reignite the playful spirit of NFTs. Collections like DarkNOUNs saw their top 50 holders receive four passes each, while collabs with @ZombiesOnBase and @hbba_onchain distributed passes to boost community engagement. With dynamic features like trait rerolls, BeadPunks minted out by May 4 with, a seamless, fun experience. Check http://beadpunks.com for more details.

USDC Gets Its Own X Profile: The Stablecoin’s Social Glow-Up

Move over, memecoins—USDC, the $62B stablecoin , just swaggered onto X with its own profile, @USDC spotted on April 28. This isn’t your grandma’s dollar peg; USDC’s now flexing its onchain cred, tweeting about its role in Base’s booming ecosystem and global payments, like Onafriq’s Africa deal. With a bio "Highly secure. Globally accessible. Hard to beat". It’s the crypto equivalent of a boring accountant crashing a rave—and we’re here for it. http://usdc.com

USDC

@USDC

What are the benefits of USDC?

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8:15 PM • May 1, 2025

Superchain SuperStacks Campaign

Optimism (@Optimism) launched its SuperStacks campaign on May 1, 2025, offering a 2x XP multiplier on @SuperchainEco deposits for one week, until May 9. As shared on X, the campaign rewards early adopters of Superchain networks like @base, World, @unichain, and OP Mainnet. If you’re an OG Base user—active within the first two months of Base’s mainnet launch on August 9, 2023—you qualify for this “Boost Mode,” earning double Superchain XP on eligible deposits. Part of the Superchain ecosystem’s push, SuperStacks leverages interoperable assets like USDT0

Learn more at http://superchain.eco.

Talent Protocol Honors Creators

Talent Protocol Honors Onchain Builders in a Big Way in Times Square On May 1, 2025, Times Square became a stage for onchain innovation, celebrating builders—not ads or brands. Over 2,000 names of Web3 creators glowed across New York’s iconic billboards!

Coinbase Introducd its Crypto-Backed Loans of up to One Million Dollars

On April 30, 2025, enabling users to borrow USDC using their crypto as collateral, directly on Base. Announced via @Coinbase on X, the service integrates with Morpho, a rigorously audited onchain lending protocol, converting assets like BTC into Coinbase Wrapped BTC (cbBTC) for collateral. Interest rates, variable and auto-calculated by Morpho, adjust every few seconds based on Base’s block creation, per http://coinbase.com. Users must monitor loan-to-value (LTV) ratios—e.g., a 50% initial LTV risks liquidation at 86%, with a 4.38% penalty. Coinbase Loans offers a seamless, decentralized borrowing experience. Learn more at http://coinbase.com.

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