Source: Cointelegraph Original: "{title}"

Aavegotchi, an NFT protocol focused on Web3 gaming, has decided to abandon the blockchain network Polygon and choose to "fully support" Base, an Ethereum Layer-2 scaling chain, based on the results of on-chain voting.

According to data from the Aavegotchi governance page, on April 8, Aavegotchi community members voted in favor of the proposal with 93.5%, suggesting the abolition of the smart contracts on Polygon and redeployment to Base to "make Aavegotchi based on Base again."

Aavegotchi's founder Dan stated in a February X post: "Given our close relationship with the Base team and the latest developments in the Base ecosystem… we believe that the most beneficial move for Aavegotchi (at least in this cycle) is to gradually phase out the deployment on Polygon and fully support Base."

This migration reflects Aavegotchi's efforts to adapt to the downturn in the cryptocurrency market expected in 2025, while last week, President Trump’s plan to impose large tariffs on most U.S. imports exacerbated the market's predicament.

Dan from Aavegotchi's development team, Pixelcraft Studios, said: "We recently conducted large-scale layoffs to reduce burn and extend the runway." Memecoins and NFTs are among the most affected areas in the Web3 space this year.

Aavegotchi's community overwhelmingly voted in support of this move. Source: Aavegotchi

Polygon's TVL Steady Growth

Aavegotchi's decision also highlights the ongoing challenges Polygon faces in retaining users and total locked value (TVL) amid competition from Ethereum Layer-2 chains like Arbitrum and Base.

According to DeFiLlama data, Polygon's TVL has dropped from nearly $10 billion in 2021 to about $725 million as of April 8. Both Base and Arbitrum have TVLs exceeding $2 billion, according to DeFiLlama data.

TVL is a key metric in decentralized finance (DeFi) that measures the total amount of assets deposited in a protocol. It not only reflects user trust and adoption but also serves as an indicator of available liquidity.

Dan stated that Polygon has failed to provide any significant updates or features for gaming protocols. "Polygon has not released any important updates or features to support PoS, helping gaming protocols achieve better ecosystem consistency or discovery."

Polygon's growth has been relatively steady in recent years. Source: Coder Dan

Meanwhile, Dan noted, "Base and Arbitrum excel in performance and 'lindy' (ability to stand the test of time)," adding that he prefers Base because the chain is "stronger in guiding retail users."

Base is a blockchain launched by the largest U.S. cryptocurrency exchange, Coinbase, in 2023.

Aavegotchi was created in collaboration between Pixelcraft Studios and the decentralized lending protocol Aave.

According to its official website, Aavegotchi describes its NFTs as "digital collectibles" that can be "customized with various accessories (such as hats, glasses, and other adornments) and can be bought, sold, and traded as NFTs."

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