Base

@base Onchain Daily Snapshot (11/07/2024)

Active Addresses: 976.77K (-12.01%)
Transaction Count: 7.37M (+4.24%)
Total Value Locked (TVL): $8.43B (+7.94%) - New All-Time High (ATH)
Stable TVL: $3.38B (-4.25%)
Revenue: $228.03K (-7.64%)
Paid to L1: $3.25K (-57.18%)
Onchain Profit: $224.78K (-6.07%)
Transaction Cost: $0.003 (reduced by -25%)

Activity Breakdown:

    Gas Fees and Transaction Count are largely driven by DeFi and Unlabeled transactions, with contributions from other categories like Token Transfers.

Summary:

On November 7, Base reached an ATH in TVL at $8.43B, highlighting increased liquidity and engagement, despite a reduction in active addresses. The lower stable TVL suggests a shift in liquidity preferences, while reduced payouts to Layer 1 and decreased transaction costs point to increased efficiency. This ATH demonstrates Base's growing prominence and competitive position within the Layer 2 ecosystem, appealing to both users and developers for its stability and scalability.

@jessepollak