Franklin Templeton's recent analysis emphasises the significant impact of SocialFi applications, particularly Friend.Tech, in driving growth within Coinbase's Base blockchain solution.

Approximately 46% of Base transactions are linked to SocialFi, indicating its pivotal role in adoption.

The launch of Friend.Tech V2 and the FRIEND (CRYPTO:FRIEND) token airdrop underscore the vibrant ecosystem within Base.

While Base demonstrates remarkable growth, it faces security challenges, especially concerning meme coin projects, necessitating ongoing improvements to maintain user trust.