“The Move Follows Sharp Drops in User Activity and Total Value Locked On Polygon As Base’s Usage Climbs”, – WRITE: www.coindesk.com
With 93.25% of the vote in favor, the proposal-Titled “Make Aavegotchi Based Again”-Lays Out Plans for a Full Deployment on Base, The Coinbase Layer-2 Blockchain Applications.
All Aavegotchi NFTS, WEARABLES, GAME Assets and Smart Contracts Will Be Cloned and Relaunched on Base, Accounting To The Proposal Transfers or Updates.
The Migration ComESS AMID A STEEP DECLINE IN POLYGON USAGE. Accorging to Data from Defillama, Total Value Locked (TVL) On The Chain Has Droped from A NEAR $ 10 Billion Peak in 2021 to Just $ 737 Million Today. In Early 2024, TVL Stood at $ 892 Million.
Base, Meanwhile, Has Seen TVL Surge to $ 2.9 Billion from $ 430 Million Since the Beginning of Last Year. Artemis Data Further Shows Polygon’s Daily Active Addresses Fell From 1.3 Million to 550,000 Over The Past Year, While Base More than Doubled to Nearly 900,000.
PixelCraft Studios, The Developer Beyind Aavegotchi, Cited Improved Onboarding, Faster Transactions and Better Marketplace Support As Key Reasons for the Move. A Wraper Contract Will Also Be Introduced to Protect Assets Listed on MarketPlaces Like Magiceden and Opensea.
The migration is expert to be completed within Four to Six weeks.
