Base, an Ethereum Layer 2 network developed by Coinbase, has experienced a surge in adoption due to the growing popularity of SocialFi applications and Base memecoins. Franklin Templeton recently suggested the emergence of a "Base Season" in response to the platform's rapid growth.

According to a report by IntoTheBlock, Ethereum's L2 networks are known for their high level of user engagement and transaction activity. Base, in particular, has seen significant success, with 1.48 million daily transactions.

Users are drawn to Base for its ability to handle large-scale operations effectively compared to other L2 networks. Additionally, the availability of USDC on the platform further enhances its appeal to users seeking efficient transaction management.

Source: Coin Edition