Base Protocol (BASE) is not tradable on Coinbase.
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Base Protocol Price (BASE)
Market stats
Base Protocol is on the decline this week. ↘
The price of Base Protocol has increased by 0.30% in the last hour and decreased by 1.02% in the past 24 hours. Base Protocol’s price has also fallen by 10.56% in the past week. The current price is $1.22 per BASE with a 24-hour trading volume of $3.48K. Currently, Base Protocol is valued at 86.00% below its all time high of $8.73. This all-time high was the highest price paid for Base Protocol since its launch.
The current circulating supply of Base Protocol is 480,679.619 BASE which means that Base Protocol has as total market cap of 480,679.619.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$588,367.65
Volume (24h)
$3,480.02
Circulating
480.7K BASE
All time high
$8.73
Price change
1 hour
↗ 0.3%
1 day
↘ 1.02%
1 week
↘ 10.56%
2 weeks
↘ 11.5%
1 month
↘ 0.5%
1 year
↗ 40.59%
1 year benchmarks
Performance
↗ 42.35%
Vs. Market
↘ 28.87%
Vs. BTC
↘ 35.25%
Vs. ETH
↘ 1.53%
About Base Protocol
Base Protocol (BASE) is not affiliated with the Base L2 chain or Coinbase.
FAQ
Base Protocol (BASE) is a unique token that aims to mirror the total market cap of all cryptocurrencies at a ratio of 1:1 trillion. This innovative approach enables users to observe the entire crypto industry with a single token. BASE is built on the Ethereum blockchain and integrates a Chainlink oracle. The token's price is designed to be elastic, programmatically expanding or contracting to achieve target price equilibrium. This equilibrium is based on the total market capitalization of all cryptocurrencies, allowing BASE to reflect the overall health and direction of the crypto market.
Base Protocol operates on an elastic supply protocol, which programmatically adjusts the token supply to achieve target price equilibrium. This equilibrium is calculated as one trillionth of the total market capitalization of all cryptocurrencies. When the market price of BASE deviates from this equilibrium, the token supply is adjusted through a process called a rebase. If the market price is higher than the equilibrium, an expansion rebase occurs, creating new supply and driving the price down. Conversely, if the market price is lower than the equilibrium, a contraction rebase occurs, reducing the supply and driving the price up. Users may also contribute their BASE tokens to the liquidity pool to receive compensation through the Base Cascader.
Base Protocol has a range of potential use cases. It can serve as a one-stop trading instrument, allowing holders to observe the entire crypto industry rather than individual tokens or a select portfolio. This could be particularly useful for newcomers to crypto or institutional users seeking to diversify their involvement. BASE can also be utilized as a borrowable asset for leveraged crypto transactions, acting as a strategic hedging instrument. Additionally, BASE can serve as a stable position between crypto transactions, mitigating the risk of holding a single coin while potentially benefiting from the gains of several others. Finally, BASE can be used as a price reference for any cryptocurrency, providing an alternative to the popular BTC price reference.
The Base Protocol team has developed an open-source code, which is accessible on the Base GitHub. The team continually updates this repository as new developments are made. The Base Protocol was built on the Ethereum blockchain, integrating a Chainlink oracle, and was launched on a decentralized exchange. The team has also compiled a detailed document outlining the token distribution stages, total supply breakdown, and vesting schedules for all allocations, demonstrating their commitment to transparency and user education.
We update our Base Protocol to USD currency in real-time. Get the live price of Base Protocol on Coinbase.
The current market cap of Base Protocol is $588.37K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Base Protocol is $8.73. This all-time high is highest price paid for Base Protocol since it was launched.
Over the last 24 hours, the trading volume of Base Protocol is $3.48K.
Assets that have a similar market cap to Base Protocol include BullBear AI, Hyperblox, HanChain, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Base Protocol is 481 thousand.
Base Protocol Price History
Date | Price | Change |
|---|---|---|
Today (December 23, 2024) | $1.22 | -0.96% |
24 hours ago (December 22, 2024) | $1.23 | -1.02% |
1 week ago (December 16, 2024) | $1.37 | -10.56% |
1 month ago (November 23, 2024) | $1.23 | -0.50% |
1 year ago | $0.86 | 40.59% |
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