Base, Coinbase’s layer-2 network, now boasts 136,000 daily users

Coinbase’s layer 2 blockchain garnered over 100,000 daily active users within 24 hours of its introduction. 

On August 10th, Dune Analytics reported a record high of over 136,000 daily users, coinciding with the network’s second day of public availability. Approximately 30% of them were new Base users, amounting to nearly 42,000. On July 31st, Base hit a milestone of 60,000 new users, which has been surpassed by the new record.

Meanwhile, CryptoRank, a crypto market data platform, shared a recent post that reveals Base has secured the fourth position in terms of daily transactions per second among layer 2 solutions. It is trailing behind zkSync Era, Arbitrum, and Optimism. The official launch of Coinbase’s Base network took place on August 9th, marking the commencement of what the platform referred to as “Onchain Summer.”

Coinbase introduced Base’s initial beta version on February 23rd, sparking speculations within the crypto community about its potential to onboard more users into Web3 protocols due to Coinbase’s expansive user base. On July 13th, the network introduced its mainnet version with a focus on catering to “builders,” although it provided a note of caution, indicating that it was not yet prepared for widespread user access.

Currently, Base users can bridge Ether to the Base platform, engage in decentralized cryptocurrency exchange, conduct payments using a web-based application, establish a “.base” username, and initiate a decentralized autonomous organization.

Read also:

Argentina’s regulator investigates Worldcoin Foundation’s data usage

PancakeSwap introduces user-friendly Arbitrum One integration