Base

@base Onchain Daily Snapshot (11/27/2024)

    Active Addresses: 1.08M (+33.11%)
    Transaction Count: 7.22M (-36.67%)
    Total Value Locked (TVL): $10.90B (+0.46%)
    Stable TVL: $3.34B (+0.60%)
    Revenue: $531.84K (-28.58%)
    Paid to L1: $20.62K (-83.96%)
    Onchain Profit: $511.22K (-17.03%)
    Transaction Cost: $0.014 (-18%)

Summary: November 27 reflected a mixed performance for the Base network. While active addresses increased substantially, signaling higher user participation, the sharp drop in transaction count suggests reduced overall activity or engagement. Revenue and profit declines align with this trend, though cost per transaction saw a positive decrease. TVL growth remains steady, supported by stablecoin liquidity. However, the substantial drop in payments to Layer 1 could reflect shifting dynamics in cross-chain interactions or reduced high-cost operations. The network may benefit from strategies to balance activity and revenue growth.

@jessepollak

@base builder #001; onchain cities w/ OAK & city3

@base global builder
OG FARCASTER ,
Ambassador AleoHQ ,
contributer mode network