Base

@base Onchain Daily Snapshot (12/20/2024)

   Active Addresses: 2.07M (+86.49%)
    Transaction Count: 8.49M (+13.35%)
    TVL: $13.35B (+4.54%)
    Stable TVL: $3.39B (+0.89%)
    Revenue: $280.09K (-55.18%)
    Paid to L1: $10.85K (-89.02%)
    Onchain Profit: $269.24K (-48.83%)
    Transaction Cost: $0.005 (-73.68%)

Summary:
December 21, 2024, showcased a remarkable spike in active addresses and transaction count, signifying heightened network participation. TVL rebounded, yet revenue and profit fell sharply, reflecting lower fee generation. Stable TVL's consistent growth suggests sustained interest in stable assets. A drastic drop in payments to L1 and transaction costs points to subdued cross-chain activity and reduced demand for block space. The divergence in metrics indicates strong activity but declining fee optimization and economic efficiency on the network.