Franklin D. Upton: Base is well-positioned and can occupy a significant share in SocialFi activities

Asset management company Franklin Templeton stated that with the rise of SocialFi applications, the "Base Season" has arrived, where Base leads other Ethereum Layer 2 in vertical fields. In a report in May, Franklin Templeton said that Base is well-positioned to occupy a significant share in SocialFi activities and continue to maintain its leadership position in the Ethereum L2 field in the future.

According to a chart provided by Franklin Templeton, about 46% of transactions related to SocialFi occur on Base. In recent months, Base has been continuously seizing market shares from BNB Chain and Polygon. Franklin Templeton stated that CEX's support played a key role in Base occupying nearly half of the SocialFi market so far. Franklin Templeton indicated that Base hit a home run in the field of SocialFi and looking forward into long term perspective this will still be an important vertical area worth paying attention for adoption and growth of Base.