Coinbase's Layer-2 Network Base Surpasses 1 Million Daily Active Addresses with Rapid Growth

• Coinbase layer-2 network Base has reached 1 million daily active addresses.
• Base has seen a 60% growth in daily active addresses since the start of August.
• Base now has more daily active addresses than several other protocols combined.
• Over 200,000 new Base.eth usernames have been minted since the launch of the naming service.
• Base accounts for 9.25% of all DEX volume on the Ethereum network.
• Base reached a record 4 million weekly active addresses during the "Onchain Summer" campaign.

Summary :
Coinbase's layer-2 network, Base, has reached over 1 million daily active addresses, marking a 60% growth since the beginning of August. This surge in users has propelled Base to have more daily active addresses than several other protocols combined. The recent launch of the "basenames" service on the blockchain network has contributed to this growth, with over 200,000 new Base.eth usernames minted in the first week. Base allows users to purchase a name tied to their wallet address, facilitating easier communication on the network. Additionally, the Base network has seen an increase in financial activity, with its trading volume accounting for 9.25% of all decentralized exchange (DEX) volume on Ethereum. The network also achieved a record of 4 million weekly active addresses during its "Onchain Summer" campaign.

Sources :

- CoinTelegraph