Base Network: A Tokenless Ethereum Layer 2 Blockchain That’s Rising in Popularity
Less than a month after its launch, the Base network has quickly become one of the top Ethereum Layer 2 (L2) blockchains. In just eleven days, it registered a million addresses, faster than any other L2. So what’s behind its rapid rise? Let’s break it down:
- Base achieved a million users in just 11 days, while other L2s took much longer.
- Base’s quick adoption rate has made it the third most popular L2 for NFT transfers.
- The absence of a native token eliminates a barrier for users and creates a seamless experience.
- Base and other new L2s strive to emulate the Ethereum experience and offer advantages for developers and users.
- Shortening the translation chain between L2 contracts and Ethereum’s EVM bytecode improves developer adaptability and reduces complexity.
In conclusion, Base’s rapid rise in popularity can be attributed to its quick adoption rate, tokenless model, and Ethereum-like experience. By eliminating the need for a native token and focusing on a seamless user experience, Base has attracted a large user base. Additionally, its integration with Ethereum’s native languages and emulation of Ethereum’s features make it appealing to developers. As L2 blockchains continue to evolve, we can expect to see more innovations and improvements in the space.
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