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This week I built a comprehensive Onchain Daily Snapshot analysis for Base, tracking the platform's activity trends, financial metrics, and engagement across multiple days. Highlights include Base reaching successive all-time highs in TVL, peaking at $8.93 billion on November 10, a sign of robust liquidity and platform confidence. Revenue and onchain profit showed steady growth, especially on November 6, where they more than doubled.Transaction costs rose, particularly on high-traffic days, reflecting network demand.
The activity breakdown indicates that DeFi remains the primary driver of gas fees and transaction volume, supported by token transfers and cross-chain activities. Although active addresses saw some fluctuations, ranging from 1.09M to 1.20M, transaction volumes generally increased, underscoring Base’s strong engagement within the Layer 2 ecosystem.
@statuette @jessepollak 4 replies
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