Base, Coinbase’s layer-2 network, sees a surge in daily users
Coinbase’s layer-2 network, Base, has experienced a significant increase in its user base since its official launch. Data from Dune Analytics shows that Base recorded a 30% growth in daily users, surpassing 100,000 users per day.
Key Points:
- On August 10, Base reached its highest number of daily users with over 136,000 users.
- Base is an Ethereum-based layer-2 network that offers developers a safer and cheaper way to build web3-based applications.
- The beta version of Base generated excitement in the crypto community, and its mainnet launch on July 13 further increased anticipation.
- Base officially launched on August 9 and has been exceeding expectations with a growing number of new users every day.
- Base ranks fourth in daily transactions per second (TPS) among layer-2 solutions, following zkSync Era, Arbitrum, and Optimism.
Base allows users to bridge Ether to Base, interact with a decentralized exchange, transact on web-based apps, and register a “.base” username or launch decentralized autonomous organizations (DAOs). The network is actively looking to attract more users and has launched a grant round for developers interested in building on Base.
Hot Take:
Base’s rapid growth in user base and its competitive ranking among layer-2 solutions demonstrate the demand for scalable and cost-effective blockchain networks. With Coinbase’s reputation and resources, Base has the potential to become a leading layer-2 network in the crypto space.
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