# Smart Wallets, $10 Trillion Stables & JPMD Next Leg — Your 2 Minute Hit

By [Based AF](https://paragraph.com/@basedaf) · 2025-06-19

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**Welcome to Based AF**

Your daily 2‑minute cheat sheet for everything happening on Base. News, memes, alpha, and raw onchain moves, delivered fast and straight to your inbox.

👉 New here? Subscribe now and get tomorrow’s 2-minute Base fix — free & raw: [Subscribe to Based AF](https://paragraph.com/@basedaf)

  

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**Today’s Base Buzz**

🟦 Jesse reminds us why Base exists — and it’s simple

Jesse Pollak dropped a banger reminder: Base’s mission is to make onchain as cheap and accessible as possible — aiming for 1 cent per million transactions. Wildly aggressive but sets the tone for what Base infra is here to do.

👉 [Read it](https://x.com/jessepollak/status/1935379902632706568)

  

🟣 **Smart Wallet drops profiles — 1-click checkout is here**

0xyoussea highlighted Smart Wallet’s latest upgrade: you can now create profiles, link your address, and check out instantly. Another step towards smoother onchain shopping for everyone on Base.

👉 [Check it](https://x.com/0xyoussea/status/1935661297779261452)

  

🧩 **Breakout apps keep driving Base traffic**

Base’s official account confirmed that breakout consumer apps are fueling 10x more onchain traffic. Early signals show real user growth sticking around, not just degen churn.

👉 [Details](https://x.com/buildonbase/status/1935484973915717794)

  

🔥 **Bitcoin-backed loans vs altcoins: big trust gap**

Max Branzburg shared new loan data: Bitcoin-backed loans consistently outperform altcoin-collateral loans in trust and rates. Base and Coinbase Wallet are leaning into this for more secure, user-friendly lending flows.

👉 [See it](https://x.com/maxbranzburg/status/1935686287283142819)

  

🔑 **Alt season vibes in TradFi too?**

SmallCapScience pointed out small cap stock charts are starting to look like early altcoin setups. TradFi or degen — capital is hunting for the next rotation. Eyes on both sides of the fence.

👉 [Take a look](https://x.com/smallcapscience/status/1935711787212476598)

  

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**Meme of the Day**

  

JPMD ($JPMD) — Gravano lays it out: “JP Morgan Chase has partnered with Coinbase to launch a pilot program for its USD-pegged deposit token, JPMD, on Base.” Degens are pushing the meme version toward a $1 target, which would put it at a $1B cap. Gravano wants an “SPX6900 type of run” — worth watching.

👉 [Check it](https://x.com/bullrun_gravano/status/1935723618463359206)

  

![](https://storage.googleapis.com/papyrus_images/776856cc73a25ca4d78e66bc427f61c5.jpg)

  

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**Quick Stat**

Stablecoin transfer value: Stablecoins settled $10 trillion+ in transactions last year, per Coindesk. The backbone for onchain flow keeps growing.

👉 [Source](https://x.com/coindesk/status/1935040999962853791)

  

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**Where’s Bill Today**

🌴 Touching grass with the fam today — no shows live.

👉 Want a Topi? Buy one on OpenSea & write its lore: [OpenSea](https://opensea.io/collection/basedtopi) | [Topipedia](https://www.basetopia.io/)

  

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**Replay Vault**

*   Late Night on Base — Degen Altcoin Hunt: finding the next 100x across chains — 5,200 tuned in live. [Watch replay](https://x.com/latenightonbase/status/1935413825014219230)
    

  

Stay Based AF — Bill the Bull 🐂

  

Disclaimer:

Nothing in this newsletter is financial advice. All information here is strictly for educational and entertainment purposes only and should not be considered investment advice or a recommendation to buy or sell any assets. Always do your own research and consult with a professional before making any financial decisions. Remember — I’m just a degen with opinions and I like to talk.

  

👉 Stay connected and follow me on X: [@Latenightonbase](https://x.com/Latenightonbase)

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*Originally published on [Based AF](https://paragraph.com/@basedaf/smart-wallets-10-trillion-stables-jpmd-next-leg)*