Aavegotchi, a Gaming NFT Maker, Votes to Switch from Polygon to Base Network
Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has decided to abandon blockchain network Polygon and fully migrate to Base, an Ethereum layer-2 scaling chain, following the outcome of an onchain vote.
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, as reported on Aavegotchi’s governance page.
In a post back in February, Aavegotchi founder Dan proposed the shift, stating, “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.”
The migration comes as Aavegotchi adapts to the current cryptocurrency market downturn and recent challenges faced by the industry, with Pixelcraft Studios, Aavegotchi’s developer, making significant team cuts to reduce burn and extend runway.
The decision to move to Base was overwhelmingly supported by Aavegotchi’s community. Source: Aavegotchi
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Polygon’s flat TVL
The decision also sheds light on Polygon’s challenges in retaining users and total value locked (TVL) in the face of competition from Ethereum layer-2 chains like Arbitrum and Base.
Polygon’s TVL has dropped significantly from its 2021 highs to around $725 million as of April 8, while Base and Arbitrum each hold over $2 billion in TVL, according to DefiLlama data. TVL serves as an important metric in DeFi to gauge user trust, adoption, and available liquidity.
Dan highlighted Polygon’s lack of major updates or features for gaming protocols, stating, “Polygon has not shipped any significant updates or features to PoS to enable better ecosystem coherence or discovery for gaming.”
Polygon’s growth has been stagnant compared to other chains. Source: Coder Dan
Dan expressed preference for Base due to its strong retail onboarding and performance, as he sees it as a chain that can withstand the test of time. Base, launched in 2023 by Coinbase, offers an optimistic rollup solution.
Aavegotchi, a collaboration between Pixelcraft Studios and Aave, a decentralized lending protocol, describes its NFTs as customizable digital collectibles that can be bought, sold, and traded as NFTs.
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