In April’s opening days, the Base network, supported by Coinbase, surged ahead of Arbitrum as Ethereum’s premier layer-2 solution, boasting 1.48 million fresh active addresses. This figure narrowly surpasses Arbitrum One’s count of 1.43 million during the same timeframe, as reportedby growthepie data.
In addition to its strong performance in active addresses, Base recently surpassed $4 billion in total value locked, positioning itself as one of the top layer-2 solutions alongside Arbitrum One and OP Mainnet.
The base has witnessed a surge in transaction activity, boasting the highest 30-day transaction count at 53.1 million. The popularity of memecoins on the network has partly driven this momentum.
Memecoins like Brett (BRETT) and Degen (DEGEN) have garnered significant attention, with market caps of $720 million and $523 million, respectively, according to CoinGecko. Toshi (TOSHI) and Normie (NORMIE) are among the highly traded memecoins on the Base network.
While Arbitrum One has maintained a slight lead in active addresses over the past 30 days, Base’s rapid growth underscores its growing prominence in the Ethereum scaling ecosystem.
With its robust user base, transaction volume, and support for meme-inspired tokens, Base continues to solidify its position as a key player in decentralized finance and blockchain scalability.
The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…
Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…
Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…
The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…
Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…
The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…