Base

@base Onchain Daily Snapshot (11/19/2024)

    Active Addresses: 1.17M (-11.36%)
    Transaction Count: 7.68M (+2.13%)
    Total Value Locked (TVL): $10.23B (+0.29%)
    Stable TVL: $3.31B (-0.60%)
    Revenue: $320.58K (-16.96%)
    Paid to L1: $14.31K (+49.06%)
    Onchain Profit: $306.28K (-18.65%)
    Transaction Cost: $0.008 (0.00%)

Summary:

The Base network maintains a robust liquidity profile, with TVL exceeding $10B, reflecting consistent adoption. While active addresses saw a notable drop, transaction count continues to rise, signaling sustained user activity. Stable TVL dipped slightly, suggesting a minor fluctuation in stablecoin holdings. Revenue and onchain profit declined, highlighting potential shifts in network activity or fee structures, though increased Layer 1 payments may reflect cross-chain demand. Transaction costs remain stable, reinforcing affordability. With DeFi retaining its dominant position, Base showcases resilience and innovation as a leading Layer 2 solution.

@jessepollak

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