The Base blockchain is currently facing a perplexing situation as it reports an 18-month low in active addresses, despite a notable increase in token creation. This unusual trend has sparked concerns regarding the overall health of the network and its ability to engage users effectively. The publication provides the following information: the decline in active addresses could indicate a disconnect between token creation and user engagement.
Decline in Active Addresses
Recent data indicates that the decline in active addresses may be linked to the end of significant airdrop campaigns, which previously attracted a large number of users. As these campaigns wind down, the network is also contending with heightened competition from other Layer 2 solutions, which could be drawing users away from Base.
Importance of Sustained User Adoption
Analysts emphasize the importance of fostering sustained user adoption in light of the recent surge in token launches. While the creation of new tokens can generate excitement, it is crucial for the Base blockchain to maintain a robust user base to ensure long-term viability and engagement within the ecosystem.
Recently, Ethereum's mainnet has seen a significant increase in daily active addresses, contrasting with the decline reported by the Base blockchain. For more details, visit Ethereum Surge.
