Aavegotchi, an NFT protocol with a focus on Web3 gaming, has opted to abandon blockchain network Polygon and switch to Base, a Coinbase-linked Ethereum layer-2 chain, according to the results of an on-chain vote.
Yesterday (April 8), Aavegotchi’s community members voted 93.25% in favor of a proposal to “Make Aavegotchi Based Again” by shutting down the protocol’s smart contracts on Polygon (POL) and re-deploying on Base.
Let’s Make Aavegotchi Based Again https://t.co/nIoFseAsVi pic.twitter.com/X8UQQXmPnp
— Aavegotchi 👻 (@aavegotchi) April 9, 2025
Aavegotchi Founder Made The Proposal To Leave Polygon And Go “All-In On Base”
@coderdannn, the Aavegotchi founder, stated a key reason for the proposal was the competitiveness within the L2 ecosystem and that Polygon “has not shipped any significant updates or features to PoS to enable better ecosystem coherence or discovery for gaming.”
From the proposal back in February, @coderdannn said, “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 Geist (Polygon deployment) and go all-in on Base.”
At the time, Dan also confirmed that Pixelcraft Studios, the developer behind Aavegotchi, “recently made significant team cuts to reduce our burn and extend the runway.”
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Memecoins, GameFi, and NFTs have been some of the hardest-hit crypto sectors over the past 12 months. This situation has only worsened in the last week due to President Donald Trump’s plan to impose sweeping tariffs on most US imports.
The migration to Base from Polygon reflects Aavegotchi’s efforts to adapt to the market downturn by switching to a prominent L2 and leaving one that isn’t making any waves within the Web3 gaming sector.
Base also has the benefit of being launched by Coinbase in 2023. Coinbase is the largest cryptocurrency in the US by trading volume and second in the world behind Binance.
Polygon Vs. Base – Why Did Aavegotchi Leave One For The Other?
Aavegotchi’s decision to leave Polygon comes as it faces 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 was once the go-to L2 solution and in 2021 its TVL went as high $10 billion. As of today (April 8), DefiLlama shows its TVL at $716 million. This marks a huge fall from grace while both Base and Arbitrum hold $2.59b and $2b, respectively.
Due to its harsh fall as a top L2 solution, Polygon has fallen outside the top 10 chains and currently ranks 13th, behind Aptos in 12th.
TVL is a key metric used to assess the strength of a blockchain’s DeFi (decentralized finance) sector. It measures the total amount of assets deposited in a protocol, typically for yield-bearing incentives.
It reflects user trust and adoption but also serves as an indicator of available liquidity across the network. Typically, chains with higher TVL are the most popular and widely used. This is evidenced by the top five chains by TVL, which include Ethereum, Solana, BNB Smart Chain, Bitcoin, and Tron.
Aavegotchi is an OG in the web3 gaming space, launching in 20202 via a collaboration between Pixelcraft Studios and Aave, the leading decentralized lending protocol with over $16 billion TVL.
It functions as a blockchain-based game and as a DeFi protocol for staking and NFTs. Users can sell, buy, and upgrade their Gotchi while earning the GHST token and interest based on their activities and staking.
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Aave-backed NFT gaming project Aavegotchi leaves Polygon to build on Base chain
- Aavegotchi founder cites close relationship with Base and its inclusion of GameFi as a key reason for leaving Polygon
- Base is the 6th largest chain by TVL, with over $2.5bn, while Polygon has fallen to 13th with just $716m
- Solaxy (SOLX) aims to corner a niche market as the first native L2 on Solana
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