Gaming NFT maker Aavegotchi votes to ditch Polygon for Base
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Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote. On April 8, Aavegotchi’s community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol’s smart contracts on Polygon and re-deploying on Base, according to Aavegochti’s governance 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 post proposing the shift. The migration reflects 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 said. Memecoins and NFTs have been among Web3’s hardest-hit segments so far this year. Aavegotchi’s community voted overwhelmingly for the move. Source: Aavegotchi Related: Crypto stocks down, IPOs punted amid tariff tumult Polygon’s flat TVL Aavegotchi’s decision also highlights Polygon’s ongoing challenges in maintaining users and total value locked (TVL) in the face of competition from Ethereum layer-2 chains, such as Arbitrum and Base. Polygon’s TVL has declined from highs of nearly $10 billion in 2021 to approximately $725 million as of April 8, according to data from DeFILlama. Both Base and Arbitrum each hold more than $2 billion in TVL, DefiLlama data shows. TVL is a key metric used in DeFi (decentralized finance) to measure the total amount of assets deposited in a protocol. It not only…
Filed under: News - @ April 9, 2025 2:26 pm