Base, a layer-2 blockchain platform developed by Coinbase, has achieved remarkable success in the cryptocurrency world, thanks to its adoption of the Optimism OP Stack technology that has greatly improved its performance. The platform has seen tremendous growth in the number of active users and transaction volume, outperforming its main competitors such as Ethereum, Arbitrum, and Optimism.
Since its launch in August 2023, the Base Network has seen tremendous growth, attracting an average of 4.7 million new users per month through November 2024. This number far exceeds the number of new users gained by other blockchains, according to a recent report by Flipside Crypto. Moreover, the Base Network alone contributed to 13.7 million new users out of the 19.4 million new users who joined seven different blockchains, including Bitcoin and Avalanche, during the month of October.
Base Network’s growth is not only driven by an increase in the number of regular users, but also a significant increase in the number of “highly active users,” individuals who make 100 or more DeFi-related transactions per month. By early December, Base Network had 15.1 million high-active users, surpassing the number of high-active users on Ethereum (10.7 million) and Polygon (7 million).
The success of Base Network is largely attributed to its close association with the robust Coinbase ecosystem, which manages around $130 billion in assets. This association has helped it attract and retain a large and diverse user base. Additionally, the network has succeeded in establishing a leading position by focusing on promising sectors such as meme coins and non-fungible assets that are experiencing high demand.
The Base Network has also seen significant growth on Uniswap, a leading decentralized exchange. Trading volume on Uniswap via the Base Network has increased significantly from 36.8% to 91.3% of the total trading volume on all decentralized exchanges, demonstrating Base’s ability to support and encourage decentralized finance applications (dApps).
The Base Network’s performance also demonstrates its ability to provide a flexible and scalable infrastructure for decentralized application developers, while maintaining a high level of user experience. Thanks to its adoption of optimistic staking technology, the network provides a fast and cost-effective transaction environment, which greatly contributes to the advancement of blockchain technology adoption.#RideTheKaiaWave $BTC 
