Base Boosts to 10M Daily Transactions 🌟

Base has shown remarkable resilience in maintaining its growth, rebounding to about 10 million daily transactions after a recent dip to around 7 million. Daily active addresses have also climbed back to approximately 1.5 million, showing the dip was market-driven rather than due to lost user interest. This sets Base apart from other Layer 2 solutions struggling with consistent activity during market uncertainties. The appeal for developers is largely due to its connection with Coinbase, which offers unique benefits beyond brand reputation. Coinbase has invested significantly in Base's developer infrastructure, fostering a supportive environment for projects on this Layer 2 technology. The Base ecosystem fund actively supports projects, providing financial and strategic backing, a key distinction from many competitors. Base has emerged as a strong competitor to centralized exchanges and Ethereum mainnet, handling $1.3 billion in DEX volume over the past 24 hours. Aerodrome and Uniswap account for roughly $1 billion of this volume, attracting established DeFi protocols and encouraging innovation. This trading volume significantly impacts both Coinbase's centralized exchange and Ethereum's mainnet DEX activity, underscoring Base's rise as a viable trading alternative. Disclaimer: The Block is an independent media outlet, now mostly owned by Foresight Ventures. Despite investments in the crypto sector, The Block retains its independence to provide objective news.