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@base  Onchain Daily Snapshot (12/19/2024)

Active Addresses: 951.61K (-16.49%)

Transaction Count: 7.29M (-6.06%)

Total Value Locked (TVL): $13.38B (-4.84%)

Stable TVL: $3.35B (+0.30%)

Revenue: $668.41K (+29.20%)

Paid to L1: $150.08K (+3,516.39%)

Onchain Profit: $518.33K (+1.03%)

Transaction Cost: $0.010 (+11.11%)


Summary:
December 19, 2024, saw a sharp contrast between network activity and profitability. Active addresses, transaction count, and TVL declined, reflecting reduced user engagement and capital outflows. However, revenue and onchain profit rose significantly, driven by higher gas fees and transaction costs. Payments to Layer 1 skyrocketed, pointing to intensified cross-chain operations. Stable TVL demonstrated resilience with a slight increase, suggesting consistent demand for stable assets. The rise in transaction costs signals increased competition for block space, indicating high-value transactions are sustaining the network's economic activity despite lower participation.

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contributer mode network