The number of stable coins on Base has increased by 8,800% this year.
Base, Coinbase's #Ethereum Layer2 platform, has seen phenomenal growth since the launch of Mainnet in 2023/8/9.
According to the latest Delphi digital report provided by CryptoPotato, Base's 1-day trading volume has increased by 1600% in 2024 alone, from 1 million at the beginning of 10 months to over 372,000 and 663 million in 10 months. For this reason, Base leads in several key metrics, including total #blockchain value (TVL), number of active users and transaction activity, which are growing faster than the economics of the entire network.
TVL revenue increased to $43900 million from January 1, 2024, and $251,000 million in 10 months, reflecting a 470% increase. Its share of the global TVL on-chain network also increased significantly, from 1.07% to 3.59%.
the activity of the #core network in the blockchain has been fueled by an increase in the number of active addresses and the use of stablecoins, but TVL, which is relatively modest compared to the larger networks, is focused on non-currency applications in its own way. The growth in network usage is due in part to the popularity of airfields, which now account for more than 40% of TVL's total network.
The increase in the number of active base addresses has been unusually high, with the number of weekly active addresses increasing from 300,000 to 6.61 million per month, an increase of 2100%.
This growth has significantly increased the base's share of the total number of weekly active addresses on the network, from 1.6% to 11%. The number of new daily active addresses in the base increased by 5,300%, from 8,320 per month to 4,500,000 per month. As a result, the second-tier networks' share of the new daily active address market increased from 1.2 percent to 6.5 percent.
Base is also indicative of the rapid acceleration in the adoption of stable coins.
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