After the combo marketing blitz in August, the growth of the Base ecosystem has recently started to slow down again. One of Base's biggest power players, Zora, has seen its daily token creation numbers cut in half compared to the August peak. Still, it’s holding its own against Pump Fun. However, the same tough question remains: while Zora, as the main Base Launchpad, has contributed a significant number of post tokens, the transaction value is much lower than Pump Fun’s meme tokens. If Pump Fun’s tokens serve not only as fun memes but also as a source of news, Zora Coins haven’t yet achieved a similar effect or narrative positioning. In the end, it still has to rely on Virtuals’ AI foundation to prop up Base Launchpad’s trading volume. Another key on-chain initiative from Coinbase, the Base app, brought in over 400,000 user accounts for Coinbase Smart Wallet (CSW) in August, pushing the total number of accounts past 1.2 million. However, the daily creation of new CSW accounts has been steadily declining, essentially returning to pre-Base app levels. It’s unclear whether the initial wave of Base app users has already been fully absorbed or if it’s time for another round of scarcity marketing. Of course, there are still some highlights. The Coinbase DEX integration built into the Coinbase exchange app has seen fairly active trading. Although it’s still in the early stages, it’s off to a pretty solid start.