Over the past week, the Base blockchain has experienced a significant surge in activity.
Yesterday, Base recorded an impressive 1,220,883 daily active addresses, more than doubling the activity of other Layer 2 platforms like Arbitrum, which had 494,214 active addresses, and Optimism, which had 445,222.
Base Surges in Daily Activity
In the past 7 days, Base activity has increased significantly. Yesterday, Base recorded 1,220,883 daily active addresses, doubling Arbitrum's 494,214 and Optimism's 445,222. pic.twitter.com/TKhSeQi4VQ
— IntoTheBlock (@intotheblock) July 23, 2024
According to Coin98Analytics, Base hit an all-time high in daily transactions yesterday, surpassing 4 million transactions. This remarkable achievement places Base ahead of Ethereum and other popular Layer 2 platforms, highlighting its growing influence and efficiency in handling high transaction volumes.
. @Base hit an ATH in daily transactions, reaching over 4M, outperforming Ethereum and other popular Layer 2 platforms pic.twitter.com/U51yGm41hw
— Coin98 Analytics (@Coin98Analytics) July 21, 2024
Base Growth In Activity Shows In The Total Value Locked Increase
The growth in activity on Base has been accompanied by substantial increases in Total Value Locked (TVL) for several leading projects on the platform. According to Base Hub, the top projects with the highest TVL growth in the last 24 hours are:
1. Synapse Protocol: Leading the pack with a remarkable 52.3% increase in TVL.
2. Solidly Labs: Recording a 12.9% increase in TVL.
3. SushiSwap: Showing a 6.4% increase in TVL.
🔵 Unveil the Leading Projects on @Base with highest TVL growth last 24 hours! 🚀
🥇 @SynapseProtocol
🥈 @SolidlyLabs
🥉 @SushiSwap@aave@balancerlabs@GammaSwapLabs@PeapodsFinance@overnight_fi@aurafinance@AlienBaseDEXShare your favorite #Base project in the comments… pic.twitter.com/2DoDYlNLa5
— Base Hub 🛡️ (@BaseHubHB) July 23, 2024
This surge in activity and growth in TVL for these projects underscores the rising popularity and trust in the Base ecosystem. Users and developers are increasingly turning to Base for its robust infrastructure and efficient transaction processing capabilities.
As Base continues to outperform other Layer 2 solutions in terms of daily active addresses and transaction volumes, it is well-positioned to attract more projects and users. The platform’s recent achievements highlight its potential to become a dominant player in the blockchain space, offering scalable and efficient solutions for decentralized applications.
With its rapid growth and increasing adoption, Base is set to play a crucial role in the future of blockchain technology, driving innovation and providing a reliable foundation for the next generation of decentralized applications.
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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