embeddedwallets

Base

base hitting all time highs in

>daily transactions
>weekly transactions
>weekly active wallets
>weekly new wallets

1.7 milly wallets created last week alone 😮‍💨

One feature Privy and other embedded wallet companies should advertise:

The ability to inflate chain growth metrics thanks to all the "new users"

also signals high levels of curiosity w new onchain apps

/positivesum, investor, photographer, nomad, exploring onchain & exploring the 🌎 building generational.xyz

Yes, but it’s very low intent to create an account on an app

Each top of funnel user is now a multiple on the “new user” count

Disingenuous to treat this like meaningful growth - it’s just the same people button clicking

Sure, they should be treated as new wallets

But then why are we showing a graph up and to the right hitting ATHs for an empty metric? 

It's like celebrating page views or mouse clicks in web2

lot of this, and also lot of net new

agree they shouldn’t be treated as “new users” but they absolutely should be treated as new wallets bc that’s what they are