Base

@base Onchain Daily Snapshot (11/12/2024)

Active Addresses: 1.20M (+9.09%)
Transaction Count: 7.23M (+4.63%)
Total Value Locked (TVL): $9.58B (+5.74%) - New All-Time High
Stable TVL: $3.32B (-0.60%)
Revenue: $438.61K (+33.43%)
Paid to L1: $27.04K (-24.02%)
Onchain Profit: $411.58K (+40.42%)
Transaction Cost: $0.008 (-14%)

Summary:

Base achieved a new record-high TVL of $9.58B, fueled by an increase in active addresses and transactions. The slight decline in stable TVL hints at a minor outflow of stable assets. Revenue and onchain profit saw significant increases, suggesting higher transaction volumes and possibly larger-value transactions within the DeFi sector. Despite a reduction in payments to Layer 1, transaction costs decreased, indicating improved efficiency. This consistent upward trend in TVL and engagement highlights Base’s expanding impact within the Layer 2 ecosystem.

OG FARCASTER ,
Ambassador AleoHQ ,
contributer mode network