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"

I think your take is correct - there are a lot more apps on Base, and the same users are transacting across them (and creating new embedded wallets). Eg. Scoop, Moshi, etc.

Not necessarily - I think @eriks' key insight is that there are quite a few new apps on Base that use embedded wallets. Both wallet count + tx count would go up, without any guarantee of net new real users

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Not necessarily - I think @eriks' key insight is that there are quite a few new apps on Base that use embedded wallets. Both wallet count + tx count would go up, without any guarantee of net new real users

https://warpcast.com/androidsixteen.eth/0xc17ae1c1

If txs increasing as well as the OP indicates its accretive usage vs multiple accounts same person - no?

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

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

also signals high levels of curiosity w new onchain apps

Unlearning. Full time product manager. Part time builder/tinkerer on farcaster. Bots: @nftsoffc.

Ser our industry doesn’t have any apps, only chains

we should stop reporting chain metrics and report on app metrics just like a good web2 company would do.

i guess fragmentation has its benefits (if care about inflated metrics rather than inflated user numbers)