Base Network Records Over 1 Million Daily Active Addresses Following Basenames Surge

Coinbase’s

layer-2
Base
network
surpassed
1
million
daily
active
addresses
following
a
surge
in
the
number
of
new
“basenames”
created
on
the
blockchain.

The
network
set
a
new
daily
active
address
record
of
1.05
million
on
Aug.
24,
according
to
data
from


Dune
Analytics.
This
increase
marks
a
60%
uptick
in
the
number
of
daily
active
addresses
since
the
start
of
the
month.
Since
reaching
this
peak,
the
number
of
daily
active
addresses
has
fallen
to
401,936.

Daily
Active
Address
Record
Comes
Amid
A
Surge
In
Trading
Activity

The
surge
in
the
number
of
daily
active
addresses
follows
the
Aug.
21
launch
of
the
“basenames”
service
on
the
layer-2
network.
Within
just
the
first
week
of
this
naming
service
going
live,
more
than
200K
new
Base.eth
usernames
were
minted
on
the
chain.

to
be
clear,
it’s
still
day
one.
1B+
basenames
or
bust.

https://t.co/iKyBLeU1Fa

—
jesse.base.eth
(@jessepollak)

August
26,
2024

Along
with
the
increase
in
basenames,
the
network
has
also
recorded
a
growth
in
trading
activity.
Trading
volumes
across
the
Base
ecosystem
rose
2.81%
since
March
to
now
account
for
9.25%
of
the
total
DEX
volume
on
Ethereum,
according
to
DefiLlama
data.
The
layer-2
network
also
posted
a
record
4
million
weekly
active
addresses
on
Aug.
20.

Base
Meme
Coins
Drop
4%

Many
meme
coins
on
the
layer-2
blockchain
are
not
following
the
same
positive
trend
as
the
network’s
number
of
daily
active
addresses.
Throughout
the
past
24
hours,
the


market
capitalization

for
the
light-hearted
sector
of
the
Base
ecosystem
dropped
over
4%.

Brett

(BRETT),
Degen
(BASE),
Toshi
(TOSHI),
Mister
Miggles
(MIGGLES)
and
Basenji
(BENJI)
all
suffered
losses
during
the
last
trading
session.
BRETT,
the
leading
Base
meme
coin
by
market,
dropped
4%
but
is
still
up
more
than
8%
on
the
weekly
timeframe.
The
rest
of
the
top
5
biggest
Base
meme
coins
are
all
down
over
the
past
7
days.

We
reached
3
million,
DAWGZ!!!

And
we
are
going
to
end
the
presale
soon.
More
details
to
follow
soon
????

pic.twitter.com/1frFvcX6HV

—
Base
Dawgz
(@BaseDawgz)

August
24,
2024

One
Base
meme
coin
that
stands
out
from
the
rest
is


Base
Dawgz
(DAWGZ).
Currently
in
its
presale
phase,
the
crypto
has
managed
to
raise
over
$3
million.
The
investor
frenzy
around
the
young
crypto
is
likely
to
continue
as
investors
rush
to
get
in
on
the
project’s
lucrative
staking
program
offering
a
776%
APY.
DAWGZ’s
ICO
is
set
to
end
within
the
next
48
hours.

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