Aavegotchi, a non-fungible token (NFT) protocol targeted on Web3 gaming, has opted to abandon blockchain community Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, in accordance to the outcomes of an onchain vote.
On April 8, Aavegotchi’s neighborhood members voted 93.5% in favor of a proposal to “Make Aavegotchi Primarily based Once more” by deprecating the protocol’s sensible contracts on Polygon and re-deploying on Base, according to Aavegochti’s governance web page.
“Given our shut relationship with the Base crew, in addition to latest developments within the Base ecosystem […] we imagine probably the most +EV transfer for Aavegotchi (for this cycle, not less than) is to sundown [its Polygon deployment] and go all-in on Base,” Aavegotchi founder Dan said in a February X submit proposing the shift.
The migration displays Aavegotchi’s efforts to adapt to 2025’s cryptocurrency market downturn, which was worsened last week by President Donald Trump’s plan to impose sweeping tariffs on most US imports.
Aavegotchi’s developer, Pixelcraft Studios, has “lately made important crew cuts to scale back our burn and prolong runway,” Dan mentioned. Memecoins and NFTs have been amongst Web3’s hardest-hit segments up to now this yr.
Aavegotchi’s neighborhood voted overwhelmingly for the transfer. Supply: Aavegotchi
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Polygon’s flat TVL
Aavegotchi’s determination additionally highlights Polygon’s ongoing challenges in sustaining customers and whole worth locked (TVL) within the face of competitors from Ethereum layer-2 chains, comparable to Arbitrum and Base.
Polygon’s TVL has declined from highs of almost $10 billion in 2021 to roughly $725 million as of April 8, according to information from DeFILlama. Each Base and Arbitrum every maintain greater than $2 billion in TVL, DefiLlama data reveals.
TVL is a key metric utilized in DeFi (decentralized finance) to measure the entire quantity of property deposited in a protocol. It not solely displays person belief and adoption but in addition serves as an indicator of obtainable liquidity.
In accordance to Dan, Polygon hasn’t delivered any main updates or options for gaming protocols. “Polygon has not shipped any important updates or options to PoS to allow higher ecosystem coherence or discovery for gaming.”
Polygon’s development has been comparatively flat in recent times. Supply: Coder Dan
In the meantime, “each Base and Arbitrum stand out as being each performant and ‘lindy’ – in a position to stand the take a look at of time,” Dan mentioned, including he prefers Base due to the chain’s “stronger retail onboarding.”
Base is an optimistic rollup launched in 2023 by Coinbase, the US’s largest cryptocurrency trade.
Aavegotchi was created in a collaboration between Pixelcraft Studios and Aave, a decentralized lending protocol.
It describes its NFTs as “digital collectibles” that may be “personalized with varied wearables, comparable to hats, glasses, and different equipment [and]may be purchased, bought, and traded as NFTs,” in accordance to its web site.
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