the total value locked (TVL) on the layer-2 network beyond $400 million
Coinbase launched Base as an Ethereum layer-2 network earlier this year, marking a milestone as the first publicly traded company to launch such a network. Since making the network available for everyone on August 9, Base has witnessed significant growth.
the number of holders of various tokens on the layer 2 network has been steadily increasing.
Lesser known tokens such as Echelon Prime (PRIME), and Aero (AERO) have topped the chart recording 16.83k and 7.77k addresses on Base.
In the past few months, Base has collaborated with several industry players, including Chainlink.
Base’s rise in popularity can be attributed to the debut of the decentralized social media platform Friend.tech
Coinbase’s Layer 2
Since August 25, 2023, there hasn’t been a single day where the transaction volume for the featured prominent protocols on Base exceeded $4 million
Data from Dune Analytics further suggested that Daily active users on Base have dropped by over 64%
However, following an explosive surge as well as retail rush
the overall activity
gradually tapered off.
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