Franklin Templeton, a leading asset management firm with $1.46 trillion in assets under its belt, has highlighted the growing influence of Base Network, an Ethereum Layer-2 solution. In a statement titled "Base Season," Franklin Templeton drew attention to the increasing activity on the cost-effective platform.

Base Network is positioned to scale Coinbase's on-chain user base by accelerating transactions, making it a significant value addition to the Coinbase platform. According to Franklin Templeton, it may be time for Base to take center stage. Recent data from DefiLlama indicates a notable increase in Base's Total Value Locked (TVL), rising from $1.379 billion on May 1 to $1.545 billion on May 9, signaling a surge in assets being added to the Base chain and locked in the DeFi protocol.

The growing popularity of Base can be attributed to the rise of Base meme coins like Brett (BRETT), Degen (Base) DEGEN, and Toshi (TOSHI). The Base L2 scaling solution enables users to quickly and easily create meme tokens, while also opening up access to a vast pool of buyers through the Coinbase platform. Trading activities also highlight Base's popularity, with Coinbase hosting over 100 million verified users, making it the largest publicly traded US-based cryptocurrency exchange. Additionally, significant applications like Friend.tech in SocialFi have also contributed to Base's growing influence, facilitating access for content creators through tokenization methods.