Base

@base Onchain Daily Snapshot (11/05/2024) 

Active Addresses: 1.20M (+3.03%)
    Txn Count: 6.95M (+21.27%)
    Total Value Locked (TVL): $7.66B (-0.78%)
    Stable TVL: $3.52B (unchanged)
    Revenue: $122.35K (+1.51%)
    Paid to L1: $6.87K (-0.72%)
    Onchain Profit: $115.48K (+1.65%)
    Txn Cost: $0.002 (-33%)

Activity:

    Gas Fees: DeFi and Token Transfers account for the majority, followed by Cross-Chain activities.
    Transaction Count: Dominated by Unlabeled transactions, with significant contributions from DeFi and Cross-Chain activities.

November 5 shows increased activity with a rise in both active addresses and transaction count. Revenue and profit have grown slightly, while TVL has decreased marginally, suggesting some liquidity outflow. Reduced transaction costs and stable stablecoin TVL indicate efficient and resilient network usage, with DeFi and Cross-Chain activities driving engagement. This snapshot suggests healthy network dynamics, appealing for both active users and developers.

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