Data

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
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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.

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.