Coinbase’s recently unveiled layer-2 blockchain, known as “Base,” has made a striking entrance into the crypto landscape by amassing an impressive 136,000 daily active users, according to data compiled by Dune Analytics on August 10. This marks a significant achievement for the platform, which only commenced its official operations a day prior.
The statistics further revealed a notable trend: approximately 30% of the users engaging with Base on August 10 were newcomers to the blockchain realm. This surge in new users highlights the platform’s ability to attract and onboard individuals new to the blockchain experience.
Base’s meteoric rise to prominence was underscored by its position as the fourth-leading layer 2 solution in terms of daily transactions per second, as disclosed by crypto market data provider CryptoRank’s report on August 10. It now follows only zkSync Era, Arbitrum, and Optimism in this pivotal metric.
The journey to this achievement was marked by strategic developments. Base was initially launched in beta on February 23 and its mainnet version, tailored for builders, was introduced on July 13. Despite its progress, the team behind Base cautioned that the network was not yet prepared for wider user adoption.
At present, Base offers a suite of functionalities, including Ether bridging, participation in a decentralized cryptocurrency exchange, web-based app payments, registration of “.base” usernames, and the initiation of decentralized autonomous organizations. This multifaceted approach positions Base as a potential gateway to introducing more individuals into the world of Web3 protocols, capitalizing on Coinbase’s extensive user base. The project’s creators refer to this phase as the commencement of “Onchain Summer,” as the network continues to expand its user-centric offerings.
