Understanding why Piggybank chose Base over other L2s.
When Propaganda was architecting Piggybank, the choice of blockchain was critical. They needed a network that could support micro-deposits, frequent interactions, and social sharing—all without punishing users with high transaction costs.
Base emerged as the obvious choice for several reasons:
- Near-zero fees: Transactions on Base cost fractions of a cent, making it viable to save $1 or $10 without losing half to gas.
- Coinbase integration: Base is built by Coinbase, meaning seamless on/off ramps for new users who want to fund their Piggybank.
- Optimism Stack security: Base inherits Ethereum's security through the OP Stack, giving users confidence their funds are safe.
- Growing ecosystem: Base is becoming the hub for Social-Fi, with Farcaster, Zora, and now Piggybank all building on top.
The Piggybank smart contract lives at 0x78c8e25667ffb6048c31e38923dd5540cbbce81f on Base mainnet. This contract handles deposits, withdrawals, and the tokenomics that make $PIGGYBANK a community-owned savings protocol.
What's fascinating is how Base's EIP-1559 fee model creates a deflationary environment. As more users interact with Piggybank, more Base fees are burned, making the network itself an appreciating asset.
Key Takeaway: Base isn't just cheaper—it's architected for the social finance use cases that Piggybank represents.