How to Become the Most Profitable Platform in Layer2 Networks?

Base, as a leader in the Ethereum Layer 2 network, has an average daily revenue of $185,291, far exceeding other top Rollup projects. So, what is driving such strong economic activity in Base?

First of all, Base adopts a fee model similar to EIP-1559, creating a continuous public market auction environment for block space. Users can directly bid for block space based on the urgency and profitability of transactions, allowing sorter income to grow with demand and transaction profitability.

Secondly, priority fees are the main source of Base revenue. In the past six months, the average daily priority fee revenue reached $156,138, accounting for 86.1% of total revenue. Among them, the contribution of priority fees at the top of the block slots is particularly notable, with the first slot alone contributing 30% to 45% of daily revenue.

Furthermore, the DEX activities on Base are very active. Among all Ethereum L2 networks, Base has the highest daily DEX trading volume and the highest total value locked in DEX. The priority fees from DEX trading contribute to 50% to 70% of the total fees on Base.

In addition, the implementation of Flashblocks further enhances the transaction processing speed of Base, introducing "sub-blocks" that allow users to receive transaction pre-confirmations more quickly, resulting in a smoother experience.

Overall, Base has successfully commercialized the competition for block space through an efficient economic model and an active DeFi ecosystem, thereby achieving strong revenue generation capabilities. This model allows sorters to capture the competitive value of block space more effectively than traditional systems.