Base

@base Onchain Daily Snapshot (12/17/2024)

Active Addresses: 1.26M (+10.53%)

Transaction Count: 8.30M (+2.98%)

Total Value Locked (TVL): $14.63B (+0.27%)

Stable TVL: $3.37B (+0.30%)

Revenue: $449.41K (-13.09%)

Paid to L1: $13.06K (-78.60%)

Onchain Profit: $436.35K (-4.29%)

Transaction Cost: $0.009 (-47.06%)



Summary:
On December 17, 2024, Base experienced a strong recovery in active addresses and transaction count, signaling renewed user engagement. TVL and stable TVL showed consistent growth, reflecting steady capital inflows. However, revenue, onchain profit, and L1 payments declined sharply, driven by lower gas fees and reduced cross-chain activity. The significant drop in transaction costs suggests decreased network congestion and a temporary cooling of economic activity. Despite this, network fundamentals remain strong with steady liquidity and increasing participation.