Aavegotchi, a non-fungible token (NFT) protocol targeted on Web3 gaming, has opted to desert blockchain community Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, in keeping with the outcomes of an onchain vote.
On April 8, Aavegotchi’s neighborhood members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol’s sensible contracts on Polygon and re-deploying on Base, according to Aavegochti’s governance web page.
“Given our close relationship with the Base team, as well as recent developments in the Base ecosystem […] we believe the most +EV move for Aavegotchi (for this cycle, at least) is to sunset [its Polygon deployment] and go all-in on Base,” Aavegotchi founder Dan said in a February X publish proposing the shift.
The migration displays Aavegotchi’s efforts to adapt to 2025’s cryptocurrency market downturn, which was worsened last week by President Donald Trump’s plan to impose sweeping tariffs on most US imports.
Aavegotchi’s developer, Pixelcraft Studios, has “recently made significant team cuts to reduce our burn and extend runway,” Dan stated. Memecoins and NFTs have been amongst Web3’s hardest-hit segments to date this yr.
Aavegotchi’s neighborhood voted overwhelmingly for the transfer. Source: Aavegotchi
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Polygon’s flat TVL
Aavegotchi’s resolution additionally highlights Polygon’s ongoing challenges in sustaining customers and complete worth locked (TVL) within the face of competitors from Ethereum layer-2 chains, akin to Arbitrum and Base.
Polygon’s TVL has declined from highs of practically $10 billion in 2021 to roughly $725 million as of April 8, according to knowledge from DeFILlama. Both Base and Arbitrum every maintain greater than $2 billion in TVL, DefiLlama data exhibits.
TVL is a key metric utilized in DeFi (decentralized finance) to measure the entire quantity of belongings deposited in a protocol. It not solely displays person belief and adoption but additionally serves as an indicator of obtainable liquidity.
According to Dan, Polygon hasn’t delivered any main updates or options for gaming protocols. “Polygon has not shipped any significant updates or features to PoS to enable better ecosystem coherence or discovery for gaming.”
Polygon’s development has been comparatively flat lately. Source: Coder Dan
Meanwhile, “both Base and Arbitrum stand out as being both performant and ‘lindy’ – able to stand the test of time,” Dan stated, including he prefers Base due to the chain’s “stronger retail onboarding.”
Base is an optimistic rollup launched in 2023 by Coinbase, the US’s largest cryptocurrency alternate.
Aavegotchi was created in a collaboration between Pixelcraft Studios and Aave, a decentralized lending protocol.
It describes its NFTs as “digital collectibles” that may be “customized with various wearables, such as hats, glasses, and other accessories [and]can be bought, sold, and traded as NFTs,” in keeping with its web site.
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