Crypto Blog
Base, the Coinbase-incubated Ethereum Layer 2, has experienced tremendous growth since it launched its mainnet on August 9, 2023., in 2024 alone, daily transactions on Base have soared by 1,600%, climbing from 372,000 at the start of January to over 6.63 million in October. This makes Base a standout performer across several key metrics, including total value locked , active users, and transaction activity, where it has grown faster than the overall on-chain economy.
Base’s growth in active addresses has been extraordinary, with weekly active addresses rising from 300,000 in January to 6.61 million at the end of October, a surge of 2,100%. From January to October, Base’s daily transactions have skyrocketed from 2.1 million to 42.34 million, an increase of more than 1,900%. This growth has expanded Base’s market share in daily transaction volume from 0.67% to 9%. Delphi Digital said that the uptick not only signals Base’s increasing adoption and affordability but also depicts its ability to thrive alongside the success of other networks, such as those in the Superchain framework.
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