Welcome to Edition 009 of BASED WEEKLY, where we’re diving into a week of transformative onchain developments. This edition highlights how traditional sectors are colliding with decentralized technology, reshaping finance, culture, and community. From JPMorgan’s pioneering move with JPMD on Base to the global creativity of Base Batches and the democratization of filmmaking via Shibuya Film, we’re witnessing a new era where the power of onchain solutions is unlocking unprecedented possibilities.
This week’s stories showcase the rapid evolution of Base’s ecosystem, with initiatives like Etherfuse bringing Mexican government bonds onchain, Coinbase’s wallet.fund revolutionizing fiat onramping, and Aevo Degen catering to high-leverage traders. We’ll also explore how social transactions, AI feedback, and security are being reimagined onchain, from Tako Wallet’s launch to Runtime Verification’s integration.
On June 17, 2025, @base announced that J.P. Morgan is bringing banking onchain with the launch of JPMD, a permissioned USD deposit token exclusively for approved institutional clients. This development, detailed by @base, marks JPMD as the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties. J.P. Morgan chose Base to leverage sub-second, sub-cent transactions, providing institutions with near-instant settlement and real-time liquidity. Kinexys by @jpmorgan facilitates this, aiming to move money in seconds, not days, as part of commercial banking’s shift to onchain.
This initiative aligns with JPMorgan’s broader strategy, as seen in their recent activities, and positions Base as a key player in institutional onchain finance. As of June 22, 2025, this could attract more institutional interest to Base, enhancing its ecosystem. Explore this at base.org and jpmorgan.com.
The Base Batches Demo days are coming and you can watch live, with 5,000 builders and over 900 projects entered, the top 75 compete on Demo Day on June 23-24, 2025. This global initiative, designed to foster the next wave of onchain apps on Base has seen remarkable participation, as noted in the official Base Batches announcement on June 15, 2025 (Source: basebatches.xyz). The top 75 teams will pitch for a share of up to $1 million in grants, judged by a stellar panel including @jessepollak , @cbventures (Coinbase Ventures), @seedclubhq (Seed Club), @alliancedao (Alliance DAO), @ethereum (Ethereum Foundation), and @1kxnetwork (1kx).
Wish me luck as my idea of @TandaOnchain (MiTanda) was turned into a reality during Base Batches. A traditional savings circle, known as ROSCAs, used by an estimated 50-100+ million people worldwide is now onchain!
On June 20, 2025, @etherfuse announced a groundbreaking development on X, bringing CETES—Mexico’s government bonds—live on @base via their platform. This move, marks a significant step in onchain finance, allowing anyone on Base to onramp Mexican Pesos (MXN) to and from any local Mexican bank account for free through Etherfuse’s newly completed bridge. Trusted by millions in Mexico, CETES are short-term bonds issued by the Mexican government, now accessible via app.etherfuse.com.
CETES are backed by the Mexican government’s credit and offer a low-risk investment option. This integration provides the cheapest way to send money to Mexico, undercutting traditional remittance services like Xoom, which charge fees averaging 2-3%. This could revolutionize cross-border finance on Base. I could see a very based collaboration here: @TandaOnchain X @etherfuge
On June 20, 2025, @CoinbaseDev unveiled a major update to the Coinbase Developer Platform (CDP) with the introduction of wallet.fund(), a new API call that simplifies fiat onramping into any wallet (Source: @CoinbaseDev, June 20, 2025). This feature, detailed in their X post, consolidates the legacy multi-step process—moving fiat from a bank to an exchange, swapping it for crypto, and transferring it to a wallet—into a single programmatic flow: fiat in your bank directly to crypto in your wallet. The announcement, accompanied by a demo from @lakshaywifhat, showcases two options: a quote-based flow for previewing transactions and a direct flow for immediate funding.
This innovation builds on CDP’s mission to empower developers. By streamlining onramping, CDP addresses a key pain point, reducing friction compared to traditional methods that can take hours, as noted in Coinbase’s developer docs. This could accelerate adoption among developers and users alike. Check it out at developers.coinbase.com
On June 18, 2025, Base’s official blog detailed their ambitious plan to scale the network to sustain 10x growth, as outlined in "Scaling Base to Sustain 10x Growth". This strategy is crucial as Base, has already surpassed 75 million transactions in Q2 2025—a 40% increase from Q1—driven by DeFi, NFTs, and developer activity (Source: Coinbase Q2 2025 Ecosystem Report). The blog emphasizes enhancing network capacity, optimizing transaction throughput, and reducing costs to support this growth.
Key initiatives include:
Infrastructure Upgrades: Base is implementing advanced sequencing and data availability solutions to handle increased demand, aiming for a 10x increase in transaction capacity by year-end.
Developer Tools Expansion: The Coinbase Developer Platform (CDP), launched in 2024, now supports over 500,000 developers globally, with new tools like wallet .fund to streamline fiat onramping.
Community Engagement: Base is fostering a vibrant ecosystem with programs like Base Batches, where 5,000 builders and 900+ projects are competing in Demo Day on June 23-24, 2025, for up to $1 million in grants
Read the full blog post here: https://blog.base.dev/scaling-base-sustain-10x-growth
On June 19, 2025, @TakoProtocol announced the live launch of Tako Wallet on @base, as shared via X (Source: @TakoProtocol, June 19, 2025). This wallet, part of the Social by Circles initiative, now allows users to manage assets and engage in social transactions directly within the app, powered by Base’s infrastructure. From tipping and gifting to subscribing and more, all micro-transactions on Tako are now fully onchain, enhancing transparency and efficiency.
Base Builder Quest 6 was announced on June 19, 2025, via an X post, launching a 24-hour competition to integrate Smart Wallet Profiles into onchain apps. The quest aimed to enable lightning-fast checkouts using just a wallet address and shipping info, transforming the onchain shopping experience. Developers were tasked with collecting data such as email, phone number, name, physical address, and wallet address, and verifying it via a data callback API endpoint, as detailed in the guide. A key requirement was to inform users about data usage by including a privacy policy.
The 24-hour timeframe intensified the challenge, pushing developers to innovate rapidly. The quest offered 2 ETH in prizes: 1 ETH for the winner and 1 ETH split among up to 4 finalists.
Winner // 1 ETH: @ubinhash with Where are the Basers Based?
This project created a map for the Base community to fill out, allowing users to mint an NFT using their Smart Wallet and share their location via Profiles. It exemplifyies the quest’s goal of seamless integration and user engagement.
Finalist // 0.25 ETH: @Story91_ with Clicket
Clicket offers a ticketing solution for event-goers, including a clear privacy policy to ensure transparency about data usage, aligning with the quest’s requirements.
Finalist // 0.25 ETH: @techwithmide with Wishlist Share
Wishlist Share simplifies creating and sharing wishlists, with items delivered directly to users’ homes. The integration of Smart Wallet Profiles made sign-up 10x easier, enhancing user experience.
Finalist // 0.25 ETH: @TheCyberVerse1 with Eventful
Eventful streamlines booking tickets and paying with USDC, delivering tickets to users’ emails. The seamless signup and checkout flow, powered by Smart Wallet Profiles, showcases the quest’s impact.
On June 18, 2025, @base announced a new integration with @yupp_ai, allowing users to rate AI models, earn Yupp credits, and cash out to USDC on Base. This initiative, transforms AI feedback into onchain income. Yupp, as explained by @yupp_ai, operates on over 500 AI models, rewarding users with credits for their feedback, which can then be converted to cash or stablecoins for instant rewards.
The platform’s focus is on results, not branding, offering a no-nonsense experience where users can compare responses from multiple models side by side without dropdowns or debates. A recent user trial highlighted the platform’s intuitiveness, with access to over 500 AI models for free, making it easy to determine the best model for specific needs. https://yupp.ai/
On June 21, 2025, @0xDeployer shared exciting news highlighting the integration of xmtp and bankr into Coinbase Wallet. This move builds on Coinbase’s recent push to expand its self-custody offerings. The integration introduces a decentralized messaging layer via xmtp, which recently secured $20 million in funding on May 15, 2025, to boost interoperability with wallets like Coinbase’s (Source: TechCrunch, May 15, 2025), and bankr’s AI-powered crypto companion, aligning with a $1 billion surge in AI crypto projects.
On June 18, 2025, @bankrbot announced the launch of the Bankr score, a new metric that automates your day 1 score based on social mindshare and onchain activities. Sentiment tracking is now live, with the loudest voices already gaining an edge. This initiative, detailed in their X post, is part of the broader Bankr ecosystem, where your score influences your share of the 450,000,000 $BNKR tokens.
Key components driving your Bankr score include:
$BNKR holdings: The amount of BankrCoin you hold.
PnL from trades through Bankr: Your profit and loss from trading activities facilitated by Bankr.
Booster coin holdings: Additional tokens that can enhance your score.
A reminder that only Bankr Club members are eligible, and you can join via the private terminal.
On June 18, 2025, @Gainsleyjustin, Product Lead at Coinbase, announced Coinbase Payments via X, introducing a plug-and-play stablecoin payments infrastructure for commerce platforms. This launch builds on the excitement from Shopify’s integration, offering instant, 24/7, borderless payments without the complexity of crypto. Gainsley’s post highlights Coinbase Payments as a solution designed to simplify transactions for merchants globally, leveraging stablecoins like USDC.
Coinbase Payments abstracts away blockchain technicalities, making it accessible for platforms to offer crypto-native payments without needing crypto expertise. This could position Coinbase Payments as a game-changer for e-commerce, potentially attracting more platforms to adopt onchain solutions. Explore it at coinbase.com/payments.
A major development for the #XRPArmy was announced, revealing a new way to leverage $XRP on @coinbase, withdraw it as $cbXRP on @base, and borrow against it for $USDC on @MoonwellDeFi. This unlock, as detailed, represents the first scalable, fully onchain, and permissionless method to borrow against XRP. @MoonwellDeFi confirmed the activation of a new market for cbXRP, a tokenized version of XRP backed 1:1 and custodied by @Coinbase, making Moonwell the first lending app on Base to support this asset.
This integration allows the Moonwell community to lend and borrow cbXRP, enhancing the utility of XRP within the DeFi ecosystem. As of June 22, 2025, this could position cbXRP as a key asset in onchain finance, attracting more users and developers to Base and Moonwell. Explore this opportunity at https://moonwell.fi/markets/supply/base/cbxrp
On June 17, 2025, @Bifrost_Network announced that BTCFi is now live on @base, bringing decentralized Bitcoin liquidity onchain. This development, as detailed, includes Bitcoin collateralization and trading through @GainsNetwork_io, deep liquidity pools routed via @AerodromeFi, and seamless connections facilitated by @CoinbaseWallet. Builders, users, and Japan-focused B2B partners are invited to dive in and drive the next wave of Bitcoin activity on Base.
2025年6月17日、@Bifrost_Networkは@base上でBTCFiがライブになったことを発表しました。これにより、分散型Bitcoin流動性がオンチェーン化されました。この開発には、@GainsNetwork_ioを介したBitcoin担保化と取引、@AerodromeFiを介した深い流動性プール、そして@CoinbaseWalletによるシームレスな接続が含まれています。ビルダー、ユーザー、そして日本を対象としたB2Bパートナーは、Base上の次のBitcoin活動の波を推進するために参加を invited されています。
On June 17, 2025, @aevoxyz announced the launch of Aevo Degen on @base, a platform built for maximum degen trading. Now live, Aevo Degen offers:
1000x Leverage: Massive positions with minimal upfront capital.
Zero Trading Fees: Pay only a share of profits, with no fees if no profit is made.
Instant Execution: Trade exactly at the displayed price, eliminating slippage.
Available trading pairs include BTC, ETH, SOL, HYPE, FART, PEPE, and DOGE. Start trading at degen.aevo.xyz/trading and find more details at docs.aevo.xyz/aevo-products/aevo-degen. Upcoming features include limit orders, take profit & stop loss, and additional trading pairs.
On June 17, 2025, @rv_inc announced their integration into the @base ecosystem as an official security service provider. This development, as detailed, offers builders on Base a higher degree of assurance through formal methods-oriented audits and protocol verification. Runtime Verification’s expertise in applying formal methods to improve the safety, reliability, and correctness of computing systems, particularly in blockchain, enhances Base’s security landscape.
On June 16, 2025, @coinbase announced the next generation of Coinbase One, introducing a Basic plan at just $4.99/month or $49.99/year. This plan offers zero trading fees, boosted rewards, and more, making it accessible for users to start small and earn big. Annual Basic plan members can also earn up to 4% bitcoin back with the Coinbase One Card, enhancing the value proposition.
This update, as detailed, aims to attract a broader user base by lowering the entry barrier while maintaining premium features. As of June 22, 2025, this could drive more adoption of Coinbase’s services, potentially increasing activity on platforms like Base. Explore the new Coinbase One at coinbase.com/one.
On June 16, 2025, @wildefinance announced the opening of the exclusive Wilde Pioneers program, handpicking early users to try their upcoming crypto card. This initiative, as detailed, offers limited spots with applications closing on June 30, 2025. The Wilde card promises to earn yield until you spend, providing a unique value proposition for early adopters.
On June 16, 2025, @shibuyafilm, founded by @pplpleasr1, announced their onchain crowdfunding platform with the bold statement, "Hollywood isn’t the tastemaker anymore. We are." This platform empowers creators to raise capital and bring their stories to life by minting a frame to directly support five filmmakers, with the goal of collectively making a whole film. This initiative, as detailed, leverages blockchain technology to democratize filmmaking, allowing the community to shape the future of cinema.
As of June 22, 2025, this could attract creators and investors looking for innovative ways to fund and participate in film production, potentially enhancing the cultural and financial ecosystem of Base. Mint a frame and support the project at mint.shibuya.film.
Had an idea to highlight a based quote of the week. This one comes from the legend poet. Should I continue?
As we close Edition 009 of BASED WEEKLY, it’s clear that the onchain revolution is not just a technical shift but a cultural and financial transformation. This week, we’ve seen JPMorgan’s JPMD pioneer institutional onchain banking, Base Batches ignite global innovation with over 900 projects, and Shibuya Film redefine creativity through onchain crowdfunding. Etherfuse’s CETES integration, Coinbase’s wallet.fund, and Aevo Degen’s high-leverage trading have pushed the boundaries of finance, while Tako Wallet, Yupp Credits, and Runtime Verification have reimagined social interactions, AI feedback, and security onchain.
These developments collectively signal a future where decentralized technology is not just an option but a necessity, driving efficiency, accessibility, and community empowerment. As of June 22, 2025, the momentum is palpable, with each initiative contributing to a vibrant ecosystem that’s reshaping how we interact with money, art, and each other.
If you’ve enjoyed this wrap-up and would like to continue seeing these insights, please subscribe to BASED WEEKLY. Your support helps us bring you the latest onchain stories. Additionally, consider grabbing some $BM to join the community and support the platform. Together, we’re part of this revolution. Stay tuned for more, and thank you for being here. https://flaunch.gg/base/coin/0x46b5bdd22b29c282b5ef4938d8ee20aff01bbf2f
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