crypto exchangeAavegotchi DAO Votes to Migrate Ecosystem to Base, Leaving Polygon Behind

Aavegotchi DAO Votes to Migrate Ecosystem to Base, Leaving Polygon Behind

In a decisive move reflecting the evolving sentiment within the Ethereum layer-2 ecosystem, the DAO behind Aavegotchi, a niche non-fungible token (NFT) game, has voted overwhelmingly to migrate its entire platform from Polygon to Base. The proposal, titled “Make Aavegotchi Based Again,” secured 93.25% of the vote, marking a significant shift in the project’s infrastructure.

The migration plan involves the full deployment of Aavegotchi’s NFTs, wearables, game assets, and smart contracts on Base, a layer-2 blockchain developed by Coinbase. This transition comes in response to growing traction for Base among decentralized applications (dApps), alongside declining usage metrics for Polygon.

As part of the transition, all Aavegotchi assets currently hosted on Polygon will be cloned and relaunched on Base. However, legacy assets on Polygon will remain accessible but frozen, preventing any further transfers or updates.

This migration coincides with a sharp drop in Polygon’s usage. Data from DeFiLlama reveals a dramatic decrease in total value locked (TVL) on the network, which has fallen from a peak of nearly $10 billion in 2021 to just $737 million today. In contrast, Base has seen its TVL surge from $430 million to $2.9 billion since the start of last year. Daily active addresses on Polygon have also seen a significant decline, dropping from 1.3 million to 550,000, while Base has more than doubled its active addresses to nearly 900,000.

The decision was driven by several factors, with Pixelcraft Studios, the developer behind Aavegotchi, citing Base’s faster transactions, improved onboarding experience, and enhanced marketplace support. Additionally, a wrapper contract will be implemented to safeguard assets listed on popular NFT marketplaces such as MagicEden and OpenSea.

The migration is expected to be completed within the next four to six weeks.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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