**Coinbase's Base Network Hits 1 Million Daily Active Users**

Coinbase's layer-2 network, Base, has reached a milestone of over 1 million daily active addresses, peaking at 1.05 million on August 24. This marks a 60% growth since the start of August. The surge follows the launch of "basenames," a service allowing users to register unique usernames tied to their Base wallet addresses. Over 200,000 Basenames were minted in the first week.

Base now outpaces other protocols like Arbitrum and Linea in daily active addresses. Additionally, Base's trading volume has surged, capturing 9.25% of total DEX volume on Ethereum, up from 2.81% in March.