Coinbase’s Base Reaches New Heights: 4 Million Active Addresses
Let’s dive into the details:
Base, @coinbase’s Layer 2 (L2) network built on the Ethereum blockchain, has recently achieved a significant milestone by surpassing 4 million active addresses, driven by its "Onchain Summer" campaign.
This Onchain Summer campaign, initially launched in 2023 and revived in 2024, has been a major driving force behind @base's growth. The campaign was designed to incentivize developers and engage the broader crypto community by offering rewards, hosting events, and fostering creativity on the platform.
The 2024 edition continued this momentum by offering $2 million in rewards (equivalent to 600 ETH) to developers who build on the Base network between June and August.
In Terms of Future Prospects:
Looking ahead, the momentum gained from Onchain Summer could continue to propel Base forward, especially if Coinbase can continue to innovate and attract developers and users to its platform. The lessons learned from this campaign, particularly in handling controversies and ensuring the integrity of blockchain-based applications, will be crucial for Base’s ongoing development.
But that's not all! Let’s dive into today’s market insights:
