Base Blockchain Sees Growth: Active Addresses and Transactions Increase

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Record Number of Active Addresses
  2. Increase in Transactions and Deployments
  3. Developer Interest in Base Network


    4. Base Blockchain continues to show impressive results despite the ongoing crypto winter. Let's look at the key achievements of the project in the recent period.

    Record Number of Active Addresses

    Data from Nansen shows that the number of users of the Base network is growing and surpassing blockchains like Avalanche, Polygon, and Cronos. The number of active addresses reached a record high of over 1.964 million, up from the year-to-date low of 196,000.

    Increase in Transactions and Deployments

    The number of transactions handled by Base Blockchain jumped to 4.8 million, up from January’s low of less than 300,000. Additionally, the number of daily deployments in the network rose to an all-time high of near 18,000 earlier this month.

    Developer Interest in Base Network

    According to DeFi Llama, Base has 348 dApps in the decentralized finance industry and a total value locked of $1.57 billion, making it the sixth-biggest chain. The biggest DeFi dApps in its ecosystem are Aerodrome, Uniswap, Extra Finance, AAVE, and Morpho Blue. In terms of decentralized exchanges, Base’s dApps handled $3 billion in the last seven days, surpassing Arbitrum.

    Base Blockchain continues to achieve significant milestones, attracting developers and users with its low gas fees and high transaction speeds. In the overall stagnation of the crypto market, the growth of the Base network is a positive sign for the entire community.

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