Aavegotchi Migrates to Base as Polygon TVL Drops 93%

Aavegotchi, a niche non-fungible token (NFT) game, has voted overwhelmingly to migrate its entire ecosystem from Polygon to Base, a layer-2 blockchain developed by Coinbase. The proposal, titled “Make Aavegotchi Based Again,” received 93.25% of the vote in favor, reflecting a shift in developer and user sentiment within the broader Ethereum layer-2 landscape.

All Aavegotchi NFTs, wearables, game assets, and smart contracts will be cloned and relaunched on Base. Legacy assets on Polygon will remain viewable but will be frozen to prevent transfers or updates. This migration comes at a time when Polygon usage has seen a significant decline. The total value locked (TVL) on Polygon has dropped from a near $10 billion peak in 2021 to just $737 million today. In early 2024, TVL stood at $892 million.

In contrast, Base has experienced a surge in TVL, rising from $430 million to $2.9 billion since the beginning of last year. Additionally, Polygon’s daily active addresses have fallen from 1.3 million to 550,000 over the past year, while Base has more than doubled to nearly 900,000.

Pixelcraft Studios, the developer behind Aavegotchi, cited improved onboarding, faster transactions, and better marketplace support as key reasons for the move. A wrapper contract will also be introduced to protect assets listed on marketplaces like MagicEden and OpenSea. The migration is expected to be completed within four to six weeks.