Base Network celebrated its second anniversary, showcasing significant growth and popularity that reflects achievements over the past two years.
Surge in User Activity
In the past year, active users on the platform surged to 1.256 million, representing a staggering increase of 1,280.6% compared to the previous year. This indicates a growing interest in using Base for daily transactions, DeFi activities, and NFTs.
Total Value Locked
The total value locked in the network has reached nearly $4.5 billion, reflecting investor and developer confidence in the platform. Maintaining this level amidst neutral capital inflow in the cryptocurrency market reaffirms Base's stability.
Lower Fees and Expanding Ecosystem
Base Network reported a 97.7% decrease in fees compared to last year, encouraging more users and developers to participate. The platform is rapidly expanding with new initiatives in NFT, social sites, and DeFi, supported by Coinbase's reputation.
Base Network's second anniversary marks a period of remarkable growth. If the platform can successfully address issues related to decentralization and user experience, it has the potential to become a leading player in the blockchain space.
