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Chris
@thechriscen
Base' low-cost transaction and affiliation with Coinbase make it a great choice for developers building consumer-focused products. I've analyzed onchain data with @dune to high key metrics driving growth on @base ... 1. Base TVL has surpassed $1.5 billion. With growing interest and adoption on Base, approximately $1.503 billion worth of assets are locked across 50 protocols. The growth in TVL can be attributed to major events like Uniswap V2 deployment, and ongoing "on-chain summer.
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Chris
@thechriscen
Over 600k Daily Active Users (DAU) on Base DAU on @base reached an all-time high of 855,000 on March 16th following the successful Duncan upgrade, which reduced gas fees on Ethereum. Before the upgrade, average DAU stood at around 80,000. Currently, the average DAU sits at 606000
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Chris
@thechriscen
Daily Transactions on Base surges above 2M In the days that led to the Duncan upgrade, Base processed an average of 440,000 transactions per day. However, following the upgrade, daily transactions skyrocketed to a record 2 million on March 16th... Since then, @base transactions have continued to grow, reaching an all-time high of 3.4 million on June 4th. Currently, daily transactions hover around 3.15 million, indicating sustained interest and activity on the Base chain.
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Chris
@thechriscen
Base records 269K new addresses in 24H Nearly half of Base’s active addresses since July are new users. In the last 24 hours alone, about 56.2% (269750) of the 479,580 active addresses were new. This indicates growing interest and adoption of the Base ecosystem. The recent surge in new addresses could be attributed to users exploring new products launched by developers during the Onchain Summer event, alongside innovations like Coinbase's Smart Wallet.
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Chris
@thechriscen
Base has maintained profitability since its launch, reaching a monthly high of $16.8M in March. Even with the recent market downturn impacting its financials, @base remains profitable, maintaining a low cost of $28.7k, revenue of $4.42M, and closing June with a profit of $4.39M
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