Base has demonstrated significant growth by outperforming other leading Ethereum layer-2 networks in terms of active addresses over the past month.
Growth in Active Addresses on Base
According to Growthepie data, the number of active addresses on Base has soared by 19% in the last 30 days to 13.2 million. Within the last 24 hours, Base has over 882,000 new active addresses registered on the network. This increase in active addresses has enabled Base to surpass top players such as Arbitium One, Linea, Optimism, Mantle, and zkSync Era. Arbitium One, although next to Base, is still far behind with 3.6 million active addresses. Other leaders: Linea, Optimism, and zkSync Era, hold 1.44 million, 1.07 million, and 723,450 active addresses, respectively. The others registered decreases in active addresses over the past month: zkSync Era had the largest fall at 41.3%, followed by Arbitium One with 37.6%. Optimism and Linea recorded the least decline at 26.7% and 24.4%, respectively. The increased active addresses on Base can be partly attributed to the launch of the 'basenames' service. Jesse Pollak, creator of the Base protocol, noted that over 200,000 new Base.eth usernames were minted in the first week of launch.
30-Day Transaction Count Leaders
Base is also the top-performing L2 in the 30-day transaction count with 110.28 million. With this record, Base surpassed Arbitium One’s transaction count of 52.41 million by over 50 million. Mantle came third on the list with 15.93 million, followed by Optimism with 14.52 million over the same timeframe. The surge in Base’s active addresses and transaction count coincides with the network surpassing the $6 billion mark in Total Value Locked. According to L2BEAT, the Transaction Per Second (TPS) in the past 24 hours on the Base network is 48.70, second only to Xai’s 120.36. Note that Xai is an Ethereum Layer-3 solution leveraging Arbitrum AnyTrust to enable open trade in the next generation of video games.
Benefits to Coinbase and Ethereum
Base’s recent performance in the outlined metrics is notable, given that it launched only over a year ago. The growth of key metrics on the Base network holds benefits for both Coinbase and Ethereum. For Coinbase, it can help usher in more users to interact with the exchange amid its growth push. On the other hand, Ethereum can begin to see an increase in price as traders and investors increase the accumulation of the coin for use as gas fee. As of this writing, ETH is trading at $2,625, down by 4.2% in the past 24 hours.
Base's growth brings significant results, making it a leader among Ethereum's layer-2 solutions. The increase in active addresses and transactions, along with positive impacts on Coinbase and Ethereum, underscore the importance of this achievement.
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