This has propelled it to become the second-largest Ethereum layer-2 network within a year of its launch. L2Beats data shows that its market share stands at around 17%, with the total value of assets locked on it at $6.3 billion. Meanwhile, these important milestones coincide with the network’s recent launch of Basenames.
On Aug. 21, Base introduced Basenames, allowing users to purchase a name linked to their Base wallet addresses. This service, built on the Ethereum Name Service platform, aims to enhance communication between users on Base. By Aug. 26, Base’s lead developer Jesse Pollak announced that Basenames had attracted 200,000 users in its first week. Pollak also revealed that the network is exploring using multi-address domains with Basenames, allowing users to link multiple addresses to a single name.
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