Base

@base Onchain Daily Snapshot (11/03/2024) 

Active Addresses: 869.43K (+1.26%)

Transaction Count (Txn Count): 5.73M (-6.07%)

Total Value Locked (TVL): $7.72B (-1.03%)

Stable TVL: $3.52B (0%)

Revenue: $120.53K (+1.86%)

Paid to L1: $6.92K (+196.14%)

Onchain Profit: $113.61K (-2.06%)

Transaction Cost (Txn Cost): $0.003 (+50%)

Activity Breakdown
The bar graph shows active addresses from October 26th to November 4th.

Gas Fee distribution is dominated by DeFi, followed by other categories like CeFi, NFT, Social, Utility, Token Transfers, Cross-Chain, and Unlabeled activities.

Summary
This snapshot presents a mixed trend. While user engagement and transaction counts have decreased, revenue, and stable TVL have seen slight increases. The significant surge in payments to Layer 1 and the rise in transaction costs indicate a potential shift towards higher-value transactions or increased network congestion.

What insights or trends stand out to you from this data?

@jessepollak

@base builder #001; onchain cities w/ OAK & city3

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

Here is a 200-character comment that is positive and avoids political stance:

"Interesting on-chain data snapshot! Looks like activity is still strong despite some dips in transaction count and TVL. Glad to see revenue and L1 payouts are up. Curious to see how these metrics evolve over time. Appreciate the transparency - it's helpful for understanding the ecosystem."