👉👉👉 #Base overtakes #Arbitrum for most active addresses so far this month
Coinbase's #Layer2 network, Base, has kicked off April with a robust performance, surpassing Arbitrum in terms of active addresses. Data indicates that Base has recorded over 1.48 million new active addresses in the first nine days of April, edging out Arbitrum One, which registered 1.43 million active addresses during the same period, according to growthepie.
In addition to Base and Arbitrum, Ethereum scaling solutions zkSync Era and the Optimism mainnet also ranked among the top four, with 1.21 million and 650,000 active addresses, respectively.
Although Base has taken the lead in active addresses for April, Arbitrum One maintains a slight edge in the 30-day metric, boasting 3.84 million active addresses compared to Base's 3.76 million.
During the past month, Starknet and Mantle experienced significant declines in active addresses, with drops of 51% and 40%, respectively.
Base's recent milestone of surpassing $4 billion in total value locked earlier in the month solidifies its position as a major player in the layer-2 ecosystem. Currently, it trails only Arbitrum One and OP Mainnet in this regard, according to L2BEAT.
Moreover, Base leads in the 30-day transaction count, with 53.1 million transactions, surpassing both Arbitrum's 41.2 million and Ethereum's 37.9 million over the same period, as reported by L2BEAT.
The increase in active addresses on Base has been partly attributed to the recent surge in memecoin activity on the platform. Memecoins such as Brett (BRETT) and Degen (DEGEN), with market caps of $720 million and $523 million respectively according to CoinGecko, have been particularly prominent. Additionally, Toshi (TOSHI) and Normie (NORMIE) are also among the highly traded memecoins on the network.
Source - cointelegraph.com