In a remarkable achievement, Base has surpassed 1 million daily active addresses, marking an all-time high for the platform.
The launch of Base Name Service (BNS) on August 21st is credited as the primary driver behind this surge. This impressive growth represents a tenfold increase in daily users compared to the same period last year.
. @base recently hit the ATH level of 1 million daily active addresses
The launch of Base Name Service (BNS) on Aug 21st is believed to be the main driver behind this surge
Around this period one year ago, Base only had ~10x less the amount of daily users pic.twitter.com/ZRXL6t4Qxt
— Coin98 Analytics (@Coin98Analytics) August 27, 2024
Furthermore, Base has seen a significant spike in monthly $USDC transfer volume, reaching an all-time high of approximately $80 billion in July 2024.
ICYMI: monthly $USDC transfer volume on @base reached an all-time high of ~$80 billion in July '24. pic.twitter.com/GO9tWIYW9a
— Token Terminal (@tokenterminal) August 27, 2024
This milestone is a testament to the platform’s growing adoption, with over a million users now holding USDC on Base.
Over a million users on @base are now holding USDC. https://t.co/Qb6PV9bCkZ
— Peter Schroeder (@peterschroederr) August 27, 2024
Base Leads The Pack In Terms Of Ethereum L2 Fees
In terms of Ethereum L2 fees generated over the past three months, Base leads the pack with $9.77 million, followed closely by Arbitrum ($7.38 million) and OP Mainnet ($5.47 million).
Ethereum L2 fees generated over the past month📊
1️⃣ Base – $9.77m
2️⃣ Arbitrum – $7.38m
3️⃣ OP Mainnet – $5.47m
4️⃣ Blast – $4.61m
5️⃣ zkSync Era – $811k
6️⃣ Manta – $164k
7️⃣ Starknet – $91k
8️⃣ Gnosis – $23kInterestingly, Base is the only L2 without a token on this list. pic.twitter.com/zitboEJExQ
— On Chain Times (@onchaintimes) August 28, 2024
Notably, Base stands out as the only L2 without a token on this list, highlighting its unique position in the market.
Ethereum L2 fees generated over the past month📊
1️⃣ Base – $9.77m
2️⃣ Arbitrum – $7.38m
3️⃣ OP Mainnet – $5.47m
4️⃣ Blast – $4.61m
5️⃣ zkSync Era – $811k
6️⃣ Manta – $164k
7️⃣ Starknet – $91k
8️⃣ Gnosis – $23kInterestingly, Base is the only L2 without a token on this list. pic.twitter.com/zitboEJExQ
— On Chain Times (@onchaintimes) August 28, 2024
This achievement underscores Base’s commitment to providing a seamless and efficient user experience, driving its rapid growth and increasing popularity. As the platform continues to evolve, it will be exciting to see how it maintains its momentum and innovates to meet the needs of its expanding user base.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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