Base

**Base continues its methodical scaling approach** by increasing its gas target from 10 to 11 Mgas/s this week. The Layer 2 network is implementing **weekly 1 Mgas/s increases** as part of its long-term goal to reach 1 Ggas/s capacity. - Weekly incremental gas target increases - Current target: 11 Mgas/s (up from 10) - Ultimate goal: 1 Ggas/s capacity - Timing aligns with upcoming Ethereum upgrades This gradual scaling strategy aims to **bring a billion people onchain** while maintaining network stability and performance. The approach demonstrates Base's commitment to sustainable growth rather than rapid, potentially unstable expansion.

**New builder spotlight coming soon** XMTP's third episode in their builder series launches tomorrow. The episode will feature another developer working on the messaging protocol. - Part of ongoing series highlighting XMTP ecosystem builders - Previous episodes covered various protocol contributors - Focus on developer stories and technical insights The series showcases the people building on XMTP's decentralized messaging infrastructure.

**Base Batches Demo Day is happening today** at EF Devcon from 1-4pm, featuring 50 finalist startups selected from over 700 applications. **Key Details:** - Final 50 teams presenting live pitches - Limited seats available for VCs, accelerators, and investors - Both in-person and livestream options available **How to Attend:** - [RSVP for in-person attendance](https://luma.com/6g5lds80) - [RSVP for livestream](https://luma.com/778dgkue) This represents a significant opportunity to **discover the next wave of builders** in the Base ecosystem, with hundreds of teams competing for investor attention.

**JP Morgan's JPMD token is now fully operational** on Base, marking a major shift from traditional banking to onchain finance. **Key developments:** - JPMD enables **instant institutional money transfers** instead of traditional multi-day processing - The world's largest bank has moved beyond experimentation to **live commercial deployment** - This represents a significant step toward **mainstream onchain banking infrastructure** **Why this matters:** Traditional bank transfers can take days to settle. JPMD allows institutions to move funds in seconds using blockchain technology. This isn't just another crypto experiment - it's **established finance embracing onchain rails** for real business operations.

**Base Batches** narrowed down 725 applications to **50 finalists** presenting at Demo Day during EFDevcon. Key categories include: - **Gaming**: CodyGame (targeting $1B onchain game), Cat Town, Farm Frens - **DeFi**: Delta3Protocol (delta neutral stablecoin yields), HydrexFi (liquidity hub), PokPok (options trading) - **AI**: NeuroBro (alpha tracking), NetMind (decentralized AI), Emerge (monetizing AI workflows) - **Payments**: Multiple cross-border solutions including Hurupay, Nedapay, Paycrest - **Creator Tools**: Talentir (YouTube AdSense onchain), GM Tribe (onchain ads), Songcast (music tokens) Notable innovations: - **MynaWallet**: Japan's first government ID-to-wallet transformation for 100M citizens - **Fractalized**: Tokenized maritime asset investing - **Call Me Sensei**: AI dating game teaching Japanese Finalists span gaming, DeFi, payments, creator economy, and infrastructure - showcasing diverse onchain applications ready for mainstream adoption.

Base hosted its inaugural A New Day One event, marking a significant milestone in decentralized streaming technology. - First-ever event simultaneously streamed onchain via multiple platforms: - Farcaster mini app - Coinbase Wallet - X (formerly Twitter) - YouTube The stream was powered by Livepeer technology, demonstrating new possibilities for decentralized content distribution. *Want to participate?* Join the Base beta through [join.base.app](https://join.base.app/) *Missed the live event?* Catch the replay on [X/Twitter](https://x.com/i/broadcasts/1YqGoopMEjjGv)

Base App (@baseapp) is launching a novel social network approach where users can earn rewards for their posts. Jesse Pollak (@jessepollak) highlighted on The Blockchain Podcast Network (@tbpn) that user monetization is a key focus driving adoption. - Users can join the platform for free - Earn rewards for creating content - Part of Base's strategy to incentivize engagement The model represents a shift from traditional social networks where platforms primarily benefit from user-generated content.

Base, the Coinbase-incubated Layer 2 network, has unveiled its new website at base.org. The platform aims to advance web3 adoption through improved infrastructure and community engagement. Key updates: - Refreshed website design and user interface - Enhanced developer resources and documentation - New community features for builders and users The initiative aligns with Base's vision of creating an accessible global economy powered by decentralized technology. *Visit [base.org](https://base.org) to explore the new platform.*

Base Chain has implemented significant performance upgrades to enhance transaction processing speeds. The improvements include: - Optimized block validation process - Reduced confirmation times by 40% - Enhanced node synchronization These updates maintain network security while delivering faster transaction finality. Users can expect smoother dApp interactions and reduced wait times for transfers. *Technical details*: - Block time reduced to 2 seconds - Gas optimization for complex smart contracts - Improved mempool management For developers: Update your node software to version 2.1.0 to access these improvements.

Base is partnering with Erewhon for a special promotion on July 17th. Get a free custom juice at select Erewhon locations when you download the Base app. Locations offering the promotion: - Manhattan Beach - Studio City - The Grove - Beverly Hills Starting time: 9am on July 17th Not in LA? Shop online at Erewhon's store and pay with USDC on Base for worldwide shipping. *Download Base app to participate*