Base Poised to Capture Rotation from SOL to ETH

I see a rotation from SOL into ETH: SOL/ETH is sliding as ETH benefits from institutional flows while SOL shows speculative fatigue. With ETH relatively strong, beta plays come back into focus — I view Base as the leading L2, backed by Coinbase (COIN).

Base’s growth is explosive: TVL ~$4.5B (+8,966% Y/Y), 1.1M active users (+1,130%), and 9.2M transactions (+1,920%) while average fees fell ~98%. Those metrics make Base a prime candidate to capture capital rotating up the stack.

Base-native DeFi is integrating with MORPHO and AERO, and protocols like ZORA — enabling creators to mint tradable tokens — are gaining daily volume, creators, and user activity. If ETH and Base continue to gain momentum, ZORA could benefit from the inflow.