According to IntoTheBlock, the Base network recorded a significant inflow of funds from large Ethereum (ETH) holders on July 23, 2024. On that day, the platform received around 10,063 ETH coins worth approximately $34.93 million, indicating growing popularity and investor confidence.

At the same time, the Arbitrum network also performed well, receiving 6,949 ETH, while the Optimism network recorded a net outflow of 233 ETH, which could indicate certain problems or a less attractive environment for investors.

Analyzing the data, the researchers noticed several critical peaks. Between late April and May 2024, there were significant spikes in ETH inflows on the Base and Arbitrum networks. These spikes can be attributed to various events in the cryptocurrency market, mainly news about the potential approval and launch of ether spot ETFs.

Despite the heterogeneity of Base's network revenue, it continues to show strong growth, indicating a high level of confidence in the platform and its prospects. Recent data shows that the network not only attracts significant volumes of ETH, but also holds leading positions among Layer 2 solutions in various key parameters.

Base's popularity can be attributed to several factors. First, the platform offers lower fees and high transaction speeds compared to the Ethereum core network. This makes it attractive for developers of decentralized applications (dApps) and users looking for more cost-effective and faster solutions.

Second, the growing number of integrations and partnerships also helps popularize the network. Many projects and companies are starting to use Base for their needs, which contributes to the development and scaling of the ecosystem, as well as attracting new users.