Title: Key factors fueling Base’s Growth  in 2024. 

Introduction: Base, Coinbase’s Layer 2 solution built on the Optimism stack, has witnessed explosive growth, positioning itself as one of the leading Layer 2 (L2) networks. With a unique strategic advantage and optimized performance, Base has attracted significant attention from both builders and investors. In this blog, we will analyze key metrics driving Base’s rise.

1.4. Daily Active Addresses

Base has experienced a dramatic rise in daily active addresses, surpassing 500k by August 5th and peaking at 1 million by late August. This surge was partly driven by the launch of the “basenames” service on August 21st, which saw over 200,000 basenames minted.