Base Ecosystem

+-----------------------------------------------------------+
|                        BASE                                |
+-----------------------------------------------------------+
|                                                           |
|   Capital flows to Base - SOL became too expensive        |
|   Cost structure determines platform choice               |
|                                                           |
+-----------------------------------------------------------+

Surface Reasons for Capital Flow to Base

Capital suddenly flowed to Base in recent weeks:

• DEX trading volume up 83% in one week
• Solana lost 53% in one week

Surface reasons:

1. Base will separate from Coinbase, likely to issue token, betting on Uni-style airdrop
2. Base ecosystem has good social presence, has users

---

The Real Reason

Who do DEX or public chains serve first? Of course, market makers and LPs

Liquidity transmission order:

Market makers of low-liquidity assets
        ↓
Smart money chasing low-liquidity assets
        ↓
Mainstream institutional capital (dumb money)

---

Solana Market Making Cost Analysis

From my Bot farming experience:

Operation	Cost (SOL)
createtoken	0.2
create market id	1-2.8
create pool	0.4
remove pool	0.4
Total	2-3.8 SOL ≈ $380-722

Compare to Base: Same operations, total cost under $3

---

Bot Farming Strategy Analysis

My strategy:

Launch token → Add liquidity → Lure bots into pool → Dump + Remove pool

Strategy prerequisites:

• Attract sniper bots by adding pool
• Bots must inject over 4 SOL to break even
• Each launch needs 100K USD equivalent SOL

---

Base’s Advantages

Cost Advantage

While Base’s gas costs aren’t outstanding compared to other L2s and Solana:

Secondary bull market arrives → Overall liquidity improves
        ↓
Low liquidity markets (NFT/inscriptions) exit center stage
        ↓
Battle hinges on attention extraction

Warpcast’s Key Role

High-influence KOLs spend their time on Base daily
        ↓
Ensures attention for Base shitcoins
        ↓
As a "shitcoin launcher" more effective than any launchpad
        ↓
Shitcoins spread through Warpcast easily lure IQ100s
        ↓
Attention = Liquidity

---

Real-World Data

One week of Bot farming experiment on Base:

• Profit: 13.7 ETH
• Small pool average return: ~2.5% per round

---

Core Formulas

Capital flow = Market making cost × Liquidity quality

Solana problem:
├── Launch cost $380-722
├── Need 100K USD equivalent SOL for strategy
└── Inverted cost structure

Base advantage:
├── Launch cost < $3
├── Warpcast attention boost
└── Attention = Liquidity

Conclusion:
Market makers find SOL too expensive → Capital goes to Base

---

Mid-curves on Base, prepare to get harvested!