B3 (Base) Soars 173% in 24 Hours. Here’s Why

B3, a blockchain built on the Ethereum-based Base network, has posted staggering gains following its listings on popular crypto exchanges Coinbase, Bybit, Gate.io, and MEXC.

In addition to centralized exchanges, the token can be traded on Base using decentralized platforms such as Aerodrome and AlienBase. Industry observers anticipate that more exchanges will support the asset in the future, increasing its accessibility and adoption within the gaming community. Notably, the token was launched on February 10, accompanied by an airdrop event.

B3 Base Up 173% Following Listings

As expected, the B3 (Base) market value benefited immensely from its listings on popular exchanges. According to data from CoinGecko, the asset saw an over 170% uptrend in the last 24 hours, trading at $0.01465.

Recent data shows a significant surge in trading volume in the last 24 hours, indicating increased interest in the asset. The volume is over $388 million, and the market cap is over $300 million.

Since its release, B3 has attracted widespread attention from investors thanks to its goal of redefining blockchain gaming with a unified ecosystem. The introduction of this token enables users to engage in staking, trading, and participation in the expanding open gaming economy.

What is B3 (Base)?

B3 is a layer-3 solution designed to enhance gaming experiences by empowering players, game developers, and holders. Former Coinbase employees with expertise in gaming, engineering, and business development developed the project within the Base ecosystem.

The platform aims to tackle the fragmentation prevalent in Web3 gaming through its “Open Gaming” section. This framework consists of a suite of technical tools and an incentive system designed to allow game developers to launch their own chains while maintaining shared liquidity and interoperability.

The platform aims to achieve this by substantially lowering the barrier to designing, creating, launching, and running games. Additionally, this feature promises to transform web3 gaming by providing a platform for the emergence of the most engaging and sophisticated games, thereby leveling up the on-chain gaming experience and ushering in a golden era for the gaming sector.

The protocol prides itself on being the first infrastructure token to secure a direct listing on Coinbase at its inception. Since its creation, B3 has recorded remarkable growth, with 6 million wallets created, 140,000 daily active players, and more than 130 million transactions.

Outlining its tokenomics, the project shared that 34.2% of the token supply will be allocated to the community and ecosystem, 23.3% to the team and advisors, 22.5% to support the B3 ecosystem’s Player1 Foundation, and 20% reserved for investors. The total supply of B3 is 100 billion. Tokens for investors, team members, and advisors will have a one-year lock-up period, after which they will be unlocked monthly over the next three years.

Players can stake B3 to gain exposure to future B3 Gamechains, fund and publish games they believe in, and earn rewards. They can also access early game features on BSMNT and participate in governance to directly influence the ecosystem’s future.

B3 currently supports games built on Ethereum, Base, and other Ethereum Virtual Machine (EVM) chains, with plans to onboard games from other chains like Solana in the near future.

As B3 continues to position itself as a key player in developing blockchain-based gaming solutions, it encourages developers to explore new on-chain gaming opportunities, potentially shaping the future of interactive digital entertainment.