Daylight x Base

Today, we're excited to announce that Daylight is building on Base, Ethereum's leading L2, supported by the Coinbase team. This decision marks a key step in our mission to revolutionize distributed energy.

We evaluated every major L1 and L2 ecosystem using a simple rubric:

1. User Experience (UX) and Developer Experience (DevX)

2. Liquidity

3. Community

Let's dive into why Base emerged as the clear winner across these critical factors.

User experience is critical for mass adoption of crypto projects. Developer experience is essential for quick, reliable deployment of key components onchain. Base leads the industry in both - and with an ambitious vision to bring a billion people onchain, we believe they will continue to innovate and lead here.

Coinbase Smart Wallet and Paymaster allow us to craft seamless, one-click, gasless experiences for our users—a critical step towards widespread adoption. When onboarding, new users shouldn’t need to manage private keys or top up their wallet to mint their energy devices as NFTs onchain; it should just work seamlessly. 

On the developer side, the Coinbase Developer Platform offers tools that enable anyone to build onchain. Combine this with a low-cost EVM execution environment, and you've got a recipe for a leaner, quicker development process. Additionally, the EVM is still the world’s largest onchain development environment by a significant margin, expanding the talent pool for both our core team as well as other teams that would like to build on top of Daylight. For Daylight, this means we can innovate faster, iterate more efficiently, and scale our vision more rapidly.

While onchain liquidity might not be the first concern you typically hear about in DePIN discussions, it's crucial to our vision for Daylight. Our ambitions extend far beyond distributed energy incentives and an onchain market for energy capacity. We're constructing an innovative ecosystem of products to enable widespread growth of distributed energy on power grids. A critical component of this vision? Financing. We believe onchain capital markets are perfectly positioned to fuel our ecosystem’s growth. 

Base's Total Value Locked (TVL) has grown rapidly, now ranking as the second-largest Ethereum L2 by TVL. What's particularly noteworthy is that this growth hasn't been artificially inflated by native token incentives. This organic growth gives us confidence that Base's brand, UX, and community will create a lasting impact on TVL, rather than temporary farming activity.

Base is nurturing one of the most dynamic, innovative, and creative ecosystems in crypto- just look at the activity around onchain summer. Additionally, Base, and the OP Stack more broadly, host many of crypto's most ambitious projects, from Blackbird to Farcaster to Worldcoin.

With 100 million Coinbase users globally, Base is well positioned to be the starting point as the world moves onchain. This community provides a strong foundation for Daylight's vision.

Daylight is proud to be the industry's first major energy DePIN to come to market, and we're equally excited to be the first DePIN project on Base. We're excited to build with the Base team and community to demonstrate what's possible with today's crypto infrastructure.

To celebrate, we are happy to share the Daylight x Base free-mint NFT as a part of Base's renowned Onchain Summer. The mint will be available from 8/13/2024 until 8/22/2024 and carries a wide range of benefits, including:

🔆 500 Daylight Testnet Points
🔆 20% off Daylight Pulse DePIN meter (coming September)
🔆 Access to limited edition Daylight Onchain Summer merch
🔆 Carbon Neutral Offsets via @KlimaDAO's Presents for the Planet

Mint it here now: https://wallet.coinbase.com/nft/mint/daylightenergy


The future is bright.

Stay Based.