The Aavegotchi DAO has voted overwhelmingly to migrate its entire ecosystem to Coinbase’s Base, a move driven by shifting developer and user sentiment in the Ethereum layer-2 landscape.
The Aavegotchi DAO has voted overwhelmingly to migrate the entire ecosystem to Coinbase‘s Base, a move that reflects shifting developer and user sentiment in the broader Ethereum layer-2 landscape.
Aavegotchi DAO is a decentralized autonomous organization (DAO) built on the Ethereum blockchain.
It allows users to participate in decision-making processes and governance of the Aavegotchi ecosystem.
The DAO operates as a community-driven entity, where members can propose and vote on proposals to shape the future of Aavegotchi.
This decentralized approach enables transparent and secure management of the platform's development and resources.
A New Home for Aavegotchi
With 93.25% of the vote in favor, the proposal — titled “Make Aavegotchi Based Again” — lays out plans for a full deployment on Base, the Coinbase layer-2 blockchain that has gained traction among decentralized applications. All Aavegotchi NFTs, wearables, game assets, and smart contracts will be cloned and relaunched on Base, according to the proposal, with legacy assets on Polygon set to remain viewable but frozen to prevent transfers or updates.
Aavegotchi is a unique gaming platform that combines non-fungible tokens (NFTs) with decentralized finance (DeFi).
It allows users to collect, breed, and trade digital pets called Gotchi.
These virtual creatures can be used for various purposes within the Aavegotchi ecosystem, such as earning rewards or participating in governance decisions.
The platform utilizes blockchain technology to provide transparency and security, making it an innovative space for gamers and DeFi enthusiasts alike.
Declining Polygon Usage
The migration comes amid a steep decline in Polygon usage. According to data from DeFiLlama, total value locked (TVL) on the chain has dropped from a near $10 billion peak in 2021 to just $737 million today. In early 2024, TVL stood at $892 million. Base, meanwhile, has seen TVL surge to $2.9 billion from $430 million since the beginning of last year.
Improved User Experience
Pixelcraft Studios, the developer behind Aavegotchi, cited improved onboarding, faster transactions, and better marketplace support as key reasons for the move. A wrapper contract will also be introduced to protect assets listed on marketplaces like MagicEden and OpenSea. The migration is expected to be completed within four to six weeks.
Key Takeaways
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The Aavegotchi DAO has voted to migrate the entire ecosystem to Coinbase‘s Base.
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The move reflects shifting developer and user sentiment in the broader Ethereum layer-2 landscape.
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All Aavegotchi NFTs, wearables, game assets, and smart contracts will be cloned and relaunched on Base.
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Legacy assets on Polygon will remain viewable but frozen to prevent transfers or updates.
