Base

@base Onchain Daily Snapshot (11/17/2024)

    Active Addresses: 1.32M (+14.78%)
    Transaction Count: 7.25M (+7.10%)
    Total Value Locked (TVL): $10.20B (-1.26%)
    Stable TVL: $3.33B (0.00%)
    Revenue: $323.45K (+9.91%)
    Paid to L1: $18.41K (-33.05%)
    Onchain Profit: $305.04K (+14.36%)
    Transaction Cost: $0.013 (+30%)

Summary:

The network achieved a remarkable milestone with TVL crossing $10B, signaling heightened liquidity and adoption. Despite a slight dip in TVL compared to the previous day, stable TVL held steady, reflecting resilience in stablecoin holdings. The rise in active addresses and transaction count underscores increased user engagement. Higher revenue and onchain profit signal positive economic activity, though the surge in transaction cost may prompt scalability considerations. With DeFi dominance persisting, Base continues to establish itself as a leading Layer 2 ecosystem, fostering innovation and user growth.

@jessepollak