Base

@base Onchain Daily Snapshot (11/06/2024) 

Active Addresses: 1.11M(-7.5%)
Transaction Count: 7.07M(+1.7%)
TVL: $7.81B(+2.0%)
 Stable TVL: $3.53B(+0.3%)
 Revenue: $246.90K(+107.2%)
 Paid to L1: $7.59K(+10.5%)
 Onchain Profit: $239.31K(+107.2%)
 Transaction Cost: $0.004(+100%)

Activity Breakdown:

    Gas Fees: Predominantly generated by DeFi transactions, with Token Transfers and Unlabeled activities as notable contributors.
    Transaction Count: Mainly driven by Unlabeled transactions, followed by significant DeFi and Cross-Chain activities.

Summary:

November 6 shows a notable increase in revenue and profit, despite a decline in active addresses. The growth in TVL and stable TVL indicates an influx of liquidity, reinforcing the network’s value. Rising transaction costs and increased payouts to Layer 1 signal higher network activity and value generation. The high DeFi and Cross-Chain engagement underscores the network’s appeal for decentralized finance activities.

@jessepollak