The Base blockchain network, created by Coinbase on the Ethereum Layer 2, has shown significant growth since the mainnet launch in August 2023.

- In 2024, daily transactions on Base increased by 1,600%, reaching 6.63 million in October.

- Total Value Locked (TVL) grew from $439 million in January to $2.51 billion in October.

- Active addresses increased by 2,100%, and the volume of stablecoins rose by 8,800%.

Base is strengthening its market position by expanding the use of stablecoins and reducing costs.