Base blockchain has emerged as one of the fastest-growing networks in the crypto space, recently becoming the second-fastest blockchain to reach the 100 million unique addresses milestone.
It accomplished this feat in approximately 420 days, just behind BNB Chain, which reached the same milestone in 414 days.
. @base is currently the second-fastest blockchain among popular ones to reach the 100M total unique addresses milestone, taking approx. 420 days (slightly behind BNB Chain with 414 days)
Check out Base’s journey ever since its launch in last year’s June pic.twitter.com/RRX0W5tvLM
— Coin98 Analytics (@Coin98Analytics) August 11, 2024
According to data from Coin98 Analytics, Base saw an impressive rise from 10 million to 100 million unique addresses in less than a year. This growth surge has also led to over 11 million monthly active users, reflecting the network’s increasing popularity and widespread adoption.
‘ @Base is dominating the L2 space with over 11M monthly active users
They launched just over a year ago pic.twitter.com/PyTcV3nS2x
— Milk Road (@MilkRoadDaily) August 7, 2024
Base Witnessed Deployment Of 327,000 Contracts In Just One Day
Further data from Token Terminal reveals that Base saw the deployment of 327,000 contracts in just one day, indicating a significant migration of stablecoin users from Ethereum to Base. This trend underscores Base’s growing appeal as a go-to platform for users and developers looking for efficient and scalable blockchain solutions.
~327k contracts deployed on @base yesterday 👀✍️ pic.twitter.com/z2z0Shj7P0
— Token Terminal (@tokenterminal) August 11, 2024
Base’s rapid ascent is a testament to its strong infrastructure and the ability to attract a diverse and active user base. As more stablecoin users and developers continue to transition to Base, the blockchain is poised to solidify its position as a leading network in the cryptocurrency ecosystem.
Where are the stablecoin users going from Ethereum?
1. @base
2. @arbitrum
3. @0xPolygon pic.twitter.com/0fM2GUUAs4— Token Terminal (@tokenterminal) August 11, 2024
With such remarkable growth in a relatively short period, Base’s future prospects look promising. As the blockchain ecosystem continues to evolve, Base is well-positioned to capitalize on its momentum and potentially become a dominant player in the industry. As more users and projects flock to the platform, Base’s influence in the blockchain space is likely to continue growing, making it a network to watch closely.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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