Base

@base Onchain Daily Snapshot (11/08/2024)

Active Addresses: 980.60K (+0.39%)
Transaction Count: 6.39M (-13.28%)
TVL: $8.54B (+1.30%) - New All-Time High
Stable TVL: $3.35B (-0.89%)
Revenue: $162.65K (-28.66%)
Paid to L1: $2.19K (-32.62%)
Onchain Profit: $160.46K (-28.60%)
Transaction Cost: $0.003 

Activity Breakdown:

Gas Fees are dominated by DeFi transactions, with smaller contributions from other categories like Token Transfers and Unlabeled activities.
Transaction Count saw a notable decrease, primarily in non-DeFi sectors.

Summary:

Base achieved another record high in TVL at $8.54B, despite a dip in transaction count and active addresses stabilizing. The drop in stable TVL suggests a slight outflow of stable assets, while decreased revenue and profit may indicate reduced transactional volume or fewer high-fee transactions. Lower payouts to Layer 1 and stable transaction costs reflect efficient scaling. This ATH in TVL reaffirms Base’s growing presence and reliability in the Layer 2 space.

@base global builder
OG FARCASTER ,
Ambassador AleoHQ ,
contributer mode network

Base's TVL hits a new high despite decreased transaction count and revenue. Efficient scaling and growing DeFi dominance indicate stability and reliability in the Layer 2 space