In the first days after its public launch, Base is witnessing a growing interest from crypto enthusiasts.
Coinbase's Layer-2 blockchain, Base, has witnessed a significant surge in its daily active users, surpassing the 100,000 mark just a day after its public release.
According to data from Dune Analytics, the Base network recorded a peak of over 136,000 users on its second-day post-launch. This not only marks the highest user count for the network but also indicates its rapid adoption within the crypto community.
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Breaking down the figures further, nearly 42,000 users on August 10th were newcomers to the Base platform, making up roughly 30% of the day's total. Interestingly, the highest single-day user registration was observed on July 31st, with the number touching the 60,000 mark.
A report by CryptoRank, dated August 10th, positioned Base as the 4th most active network in terms of daily transactions per second within the Layer-2 solutions category. It trails behind well-established networks like zkSync Era, Arbitrum, and Optimism.
Coinbase introduced the Base network to the public on August 9th, dubbing the launch as the beginning of "Onchain Summer." However, the initial beta version of Base has been available since February 23rd.
As soon as news of Base's development surfaced, there was a widespread belief within the crypto sector that this platform, backed by Coinbase's massive user community, might accelerate the adoption of Web3 protocols. Although the mainnet version geared towards developers was rolled out on July 13th, the Base team was cautious, noting that it wasn't optimized for the general public.
Participants on the Base network can transfer Ether (ETH) into Base, explore a decentralized crypto trading platform, conduct transactions using a web app, secure a ".base" username, or even initiate a decentralized autonomous organization.
The rapid adoption and growth of Coinbase's Base network underscore the continued enthusiasm and trust of the cryptocurrency community in novel blockchain solutions. Along with its expanding array of features and backed by a reputable name like Coinbase, the Base network is poised to bolster the broader adoption of decentralized technologies.
