Original Article Title: "Based Weekly Issue 009"

Original Article Author: goyabean

Original Article Translation: Wenlanbo, ChoeyGit, 183Aaros

Welcome to the "BASED Weekly" ninth issue, where we will delve into the transformative progress that has taken place on-chain this week. This issue focuses on how traditional domains are colliding with decentralized technology, reshaping finance, culture, and communities. From JPMorgan's groundbreaking initiative with JPMD on Base to creative Base Batches emerging globally and Shibuya Film bringing democratization to film production, we are witnessing a new era where the power of blockchain technology is unlocking unprecedented possibilities.

This week's stories showcase the rapid evolution of the Base ecosystem, including Etherfuse bringing Mexican government bonds on-chain, Coinbase's wallet.fund fundamentally changing fiat onboarding, and Aevo Degen catering to the needs of high leverage traders. We also see events like the release of Tako Wallet and the integration of Runtime Verification into the Base network, envisioning new forms of social trading, AI feedback, and security implementations.

JPMorgan Launches JPMD on Base: Pioneering a New Era for Institutional Development

On June 17, 2025, @base announced that JPMorgan is bringing banking services on-chain by launching JPMD, a USD deposit Token exclusively for approved institutional clients. The official @base announcement detailed this milestone, marking JPMD as the first of its kind token on a public blockchain, enabling rapid, secure, and 24/7 fund transfers between trusted parties.

Almost real-time transactions providing near-instant settlement and liquidity to institutions were key factors in JPMorgan choosing Base. Kinexys introduced by @jpmorgan paved the way for this, reducing fund transfer times from days to seconds, representing a significant event in the commercial bank's shift towards on-chain development.

This move aligns with JPMorgan's broader strategy and positions Base as a significant player in institutional on-chain finance. It may attract more institutions to Base, strengthening its ecosystem.

Base Batches Demo Day: Gathering 5,000 Builders, 900+ Projects

The Base Batches Demo Day is approaching, and you can participate by watching the live stream. This edition of Base Batches features 5,000 builders and over 900 projects participating, with the top 75 projects competing on Demo Day on June 23-24, 2025.

As announced by Base Batches on June 15, 2025 (Source: basebatches.xyz), this global event aimed at incubating new Base chain applications has seen significant engagement. The top 75 teams will compete for funding of up to $1 million, judged by an esteemed panel including @jessepollak, @cbventures (Coinbase Ventures), @seedclubhq (Seed Club), @alliancedao (Alliance DAO), @ethereum (Ethereum Foundation), and @1kxnetwork (1kx).

On-Chain Social Trading: Tako Wallet Goes Live on Base

On June 19, 2025, @TakoProtocol announced the official launch of Tako Wallet on @base as part of the Social by Circles initiative (Source: @TakoProtocol, June 19, 2025).

This wallet is now live on Base and allows users to manage assets and engage in social trading directly within the app, all supported by Base's infrastructure. From tipping to gifting to subscriptions and more, all microtransactions on Tako are now fully on-chain, enhancing transparency and efficiency.

Etherfuse Launches CETES on Base: Pioneering a New Era of On-Chain Finance

On June 20, 2025, @etherfuse announced a groundbreaking development on X by bringing the Mexican government bond CETES to @base through its platform.

This move marks a significant step forward for decentralized finance. Through the Etherfuse-built bridge, anyone on Base can now seamlessly deposit and withdraw their Mexican Pesos (MXN) to and from any local Mexican bank account for free. CETES, short-term government-issued bonds in Mexico trusted by millions, can now be accessed via app.etherfuse.com.

CETES, backed by the Mexican government's credit, offers a low-risk investment option. This integration provides a cost-effective option for remittances to Mexico, with fees much lower than traditional remittance services like Xoom, which charge an average of 2-3% in fees. This development could reshape cross-border finance on Base. Valuable partnership opportunities can be explored here: @TandaOnchain X @etherfuse

Coinbase Developer Platform's wallet.fund: Innovating Fiat Onboarding

On June 20, 2025, @CoinbaseDev announced a major update to the Coinbase Developer Platform (CDP), introducing wallet.fund, which streamlines the process for any wallet needing to onboard fiat through calling new APIs (Source: @CoinbaseDev, June 20, 2025).

This feature was detailed in their X post, consolidating the cumbersome and multi-step process of moving fiat from a bank to an exchange, converting it to crypto, and then transferring it to a wallet into a single streamlined programming flow, enabling fiat in your bank account to directly become cryptocurrency in your wallet. The announcement came with a demo by @lakshaywifhat showcasing two options: a quote-based flow for transaction preview and a direct flow for instant funding.

This innovation is driven by CDP's mission to empower developers. This is highlighted in Coinbase's developer documentation, significantly reducing barriers by simplifying the onboarding process compared to the traditional hours-long method. By accelerating the onboarding process, CDP addresses a key pain point and has somewhat expedited developer and user adoption. For more information, visit: developers.coinbase.com

Base's 10x Growth Scalability Strategy

On June 18, 2025, the Base official blog detailed their ambitious network scaling plan in the blog post "Scaling Base to Sustain 10x Growth," aimed at supporting 10x growth. This strategy, crucially supported by the momentum of DeFi, NFTs, and developer activity (source: Coinbase 2025 Q2 Ecosystem Report), has seen Base's transaction volume exceed 75 million in Q2 2025, a 40% increase from Q1. The blog emphasized enhancing network capacity, optimizing transaction throughput, and reducing costs to accommodate this growth.

Main initiatives include:

· Infrastructure Upgrade: Base is implementing advanced ordering and data availability solutions to address the growing demand, with the goal of increasing transaction capacity tenfold by the end of the year.

· Developer Tool Expansion: The Coinbase Developer Platform (CDP), launched in 2024, currently supports over 500,000 developers globally and has introduced new tools like wallet.fund to streamline fiat onramps.

· Community Engagement: Base is nurturing a vibrant ecosystem through projects like Base Batches, where 5,000 builders and over 900 projects are competing in a pitch day on June 23-24 to receive grants of up to $1 million.

Read the full blog post here: https://blog.base.dev/scaling-base-sustain-10x-growth

Base Builder Quest 6

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 on-chain applications. The task aims to achieve lightning-fast checkout experiences using only wallet addresses and shipping information, transforming the on-chain shopping experience.

Details are outlined in the guide, where developers are tasked with collecting data such as email, phone number, name, physical address, wallet address, and validating it through a data callback API endpoint. One key requirement is informing users about data usage through a privacy policy.

The 24-hour time constraint increased the challenge difficulty, prompting developers to innovate quickly. This task offered a total of 2 ETH in prizes: 1 ETH reward for the winner, and an additional 1 ETH to be shared among up to 4 finalists.

Winner // 1 ETH:

· @ubinhash and their project "Where are the Basers Based?"

The project created a map for the Base community to fill in, allowing users to mint NFTs with a smart wallet and share their location through data. This exemplified the task's seamless integration and user participation goals.

Finalists // 0.25 ETH (each):

· @Story91_ and their project "Clicket"

Clicket provided a ticketing solution for event attendees, including a clear privacy policy to ensure transparency in data usage, meeting the task's requirements.

· @techwithmide and their project "Wishlist Share"

Wishlist Share simplified the creation and sharing of wishlists, with items being delivered directly to the user's doorstep. The integration of smart wallet data made the registration process ten times easier, enhancing the user experience.

· @TheCyberVerse1 and their project "Eventful"

Eventful streamlined the ticket booking process and payment with USDC, sending tickets to users' emails. The seamless registration and checkout process, driven by smart wallet data, showcased the impact of this task.

Earning Yupp Credits on Base: Evaluate AI Models, Earn USDC

On June 18, 2025, @base announced a new integration partnership with @yupp_ai, allowing users to earn Yupp Credits by evaluating AI models and redeeming these Credits for USDC on Base. This initiative converts feedback on AI into on-chain income.

According to @yupp_ai, the Yupp platform operates on over 500 AI models, and users can earn Credits rewards by providing feedback. These Credits can be converted to cash or stablecoins, enabling instant rewards.

The platform focuses on outcomes rather than brand promotion, providing a concise and clear experience where users can compare the responses of multiple models side by side without the need for dropdown menus or lengthy discussions. Recent user trials have highlighted the platform's intuitiveness, offering free access to over 500 AI models, enabling users to easily identify the most suitable model for their specific needs. https://yupp.ai

xmtp and bankr Integrated with Coinbase Wallet

On June 21, 2025, based on Coinbase's recent initiative to expand its self-custody product, @0xDeployer shared an exciting update highlighting xmtp and bankr's integration with Coinbase Wallet.

xmtp recently secured a $20 million funding on May 15, 2025. This integration introduces a decentralized messaging layer through xmtp, aimed at enhancing interoperability with wallets like Coinbase (source: TechCrunch, May 15, 2025). Additionally, the integration features bankr's AI-driven cryptocurrency assistant, aligning with the $1 billion growth trend in AI crypto projects.

Bankr Initiative: Combining Social Mindshare with On-chain Metrics

On June 18, 2025, @bankrbot announced the launch of Bankr score, a new metric that automatically calculates your "day 1 score" based on social mindshare and on-chain activities. Sentiment tracking is now live, with the most vocal participants gaining a first-mover advantage.

They detailed in their X post that this initiative is part of the broader Bankr ecosystem, where your score will impact your share in 450,000,000 $BNKR Tokens.

Key components influencing your Bankr score include:

· $BNKR Holdings: The amount of BankrCoin you hold.

· Profit and Loss (PnL) from trading through Bankr: The gains and losses from your trading activities through Bankr.

· Booster Coin Holdings: Additional Tokens that can increase your score.

Reminder: Only Bankr Club members are eligible, and you can join through a private terminal.

Coinbase Payments: Plug-and-Play Stablecoin Infrastructure

On June 18, 2025, Coinbase Product Lead @Gainsleyjustin announced the launch of Coinbase Payments, introducing a plug-and-play stablecoin payment infrastructure for e-commerce platforms.

This release builds on the previous integration with Shopify, offering an instant, 24/7, borderless payment experience while avoiding the complexities of cryptocurrency. Gainsley's post emphasizes that Coinbase Payments is a solution leveraging stablecoins like USDC to simplify transactions for global merchants.

Coinbase Payments abstracts the technical details of blockchain, allowing platforms to offer native crypto payments without requiring crypto expertise. This could make Coinbase Payments a disruptor in the e-commerce space and potentially attract more platforms to adopt on-chain solutions.

You can visit coinbase.com/payments to learn more.

Rising Tide of XRP Army Unlocks on Base: Lending cbXRP on Moonwell

For the XRP Army, a significant development has been announced: it is now possible to leverage $XRP on Coinbase and withdraw it as $cbXRP on Base, using it as collateral to borrow $USDC on MoonwellDeFi.

This "unlocking" represents the first scalable, fully on-chain, permissionless method for XRP lending. MoonwellDeFi has activated a new market for cbXRP, which is a tokenized version of XRP backed and custody-held 1:1 by Coinbase, making Moonwell the first lending app on Base to support this asset.

This integration enables the Moonwell community to lend and borrow cbXRP, enhancing XRP's utility in the DeFi ecosystem. As of June 22, 2025, this could position cbXRP as a key asset in on-chain finance, attracting more users and developers to Base and Moonwell.

You can visit https://moonwell.fi/markets/supply/base/cbxrp to explore this opportunity.

BTCFi on Base: Decentralized Bitcoin Liquidity Unleashed

On June 17, 2025, @Bifrost_Network announced that BTCFi is now live on @base, bringing decentralized Bitcoin liquidity to the chain. This development facilitates Bitcoin collateralization and trading through @GainsNetwork_io, deep liquidity pools routed by @AerodromeFi, and seamless connectivity facilitated by @CoinbaseWallet.

Inviting developers (Builders), users, and B2B partners focused on the Japanese market to actively participate, driving the next wave of Bitcoin activity on Base.

Aevo Degen on Base: Extreme Leverage, Minimal Fees

On June 17, 2025, @aevoxyz announced the launch of Aevo Degen on @base, a platform designed for "degen trading" enthusiasts. Aevo Degen is now live and offers the following features:

· 1000x Leverage: Trade large positions with minimal initial capital.

· Zero Trading Fees: Only a portion of profits are taken as fees, no fees are charged if there's no profit.

· Instant Execution: Trade at the displayed price, eliminating slippage.

The currently available trading pairs include BTC, ETH, SOL, HYPE, FART, PEPE, and DOGE.

You can click here to start trading or click here to learn more.

Upcoming features include limit orders, take profit & stop loss, and more trading pairs.

Runtime Verification on Base: Join as a Security Provider

On June 17, 2025, @rv_inc announced their integration as the official security service provider within the @base ecosystem. This development, through formal methods auditing and protocol verification, provides Base developers (builders) with a higher level of security assurance.

Runtime Verification brings expertise in applying formal methods to enhance the security, reliability, and correctness of computational systems, particularly in the blockchain domain, bolstering Base's security posture.

Coinbase One Next Gen: Low Input, High Returns

On June 16, 2025, @coinbase announced the launch of the next generation Coinbase One, introducing a brand-new Basic plan with a monthly fee of only $4.99 and an annual fee of $49.99. This plan offers zero transaction fees, enhanced rewards, and more benefits, allowing users to easily start with small investments and receive substantial returns. Annual Basic plan members can also earn up to 4% Bitcoin cash back via the Coinbase One card, further enhancing the value.

This update aims to attract a broader user base by lowering the entry barrier while maintaining its advanced features. This move could potentially drive greater adoption of Coinbase's services among ecosystem participants, possibly increasing activity on platforms like Base.

You can visit coinbase.com/one to explore the new Coinbase One.

Wilde Pioneers: Early Access to Yield-Earning Crypto Card

On June 16, 2025, @wildefinance announced the launch of the exclusive Wilde Pioneers program, which will select early users to test their upcoming crypto card. This initiative has limited slots, and applications will close on June 30, 2025. The Wilde card promises to continue earning yield until you spend, offering early adopters a unique value proposition.

We're Hollywood Now: Shibuya Film's On-Chain Crowdfunding

On June 16, 2025, @shibuyafilm founded by @pplpleasr1 announced the launch of their on-chain crowdfunding platform with a bold statement: "Hollywood is no longer the trendsetter. We are." This platform empowers creators to raise funds by minting a frame to directly support five filmmakers with the goal of collaboratively creating a full-length feature film, turning their stories into reality. This initiative leverages blockchain technology to democratize film production, allowing the community to shape the future of cinema.

This may attract creators seeking innovative funding methods and film production investors looking to participate, potentially enriching Base's cultural and financial ecosystem.

To mint a frame and support the project, visit [mint.shibuya.film.](https://mint%20a%20frame%20and%20support%20the%20project%20at%20mint.shibuya.film./)

This Week's Based Picks (Proposal)

We have an idea to feature a Based ecosystem highlight quote in this week's Newsletter.

This issue's chosen quote comes from that legendary poet.

BTW, do you think this section should continue?

Recap: The On-Chain Revolution Marches On

Looking back at Issue 009 of the BASED Weekly, it's clear that the on-chain revolution is not just a technological shift but also a cultural and financial transformation.

This week, we witnessed JPMorgan's JPMD pioneering institutional-grade on-chain banking, Base Batches igniting over 900 projects worldwide in an innovation surge, and Shibuya Film redefining creative execution through on-chain crowdfunding. The integration of Etherfuse's CETES, Coinbase's wallet.fund, and Aevo Degen's high-leverage trading collectively pushed the boundaries of finance expansion. Meanwhile, Tako Wallet, Yupp Credits, and Runtime Verification redefined social interaction, AI feedback, and network security on-chain.

These developments collectively signal a future where decentralized technology is no longer just a choice but a necessity, driving efficiency, accessibility, and community empowerment. As of June 22, 2025, this momentum is strong, with each initiative contributing to a vibrant ecosystem that is reshaping our relationship with money, art, and each other.

If you enjoyed this recap and would like to continue receiving these insights, subscribe to the BASED Weekly. Your support helps us bring you the latest on-chain stories. Stay tuned for more, and thank you for being part of this journey.

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