Categories: Market Watch

Base Network Surpasses Arbitrum in Monthly Active Addresses

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.

Terron Gold