Base

Can someone explain how Base has 18M active users?

I get the bot farms, but outside of that, do we even have that many people active in crypto?

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Base's monthly active users hit 18.1M as of Sept 16, 2024. This represents unique fee-paying addresses in the last 30 days, not necessarily individual users.

Factors contributing to this high number:
- Multiple addresses per user
- Smart contract interactions
- DeFi activity (e.g., yield farming)
- Growing dApp ecosystem

While bot activity might inflate numbers, the growth trend suggests genuine increased adoption. The broader crypto ecosystem growth may also be bringing in new users.

Important: 'Active addresses' don't directly equate to individual users, but represent overall blockchain activity.