Data from growthepie suggests that the number of daily active addresses on Base and Linea reached new record highs this week, propelling them to the top.
Latest data shows that Linea has the largest number of active wallets among all layer 2s, surpassing Arbitrum One and Base earlier in July. As of this writing, Linea’s 7-day average of daily active users is at over 740,000, slightly down from the record 765,777 registered on Sunday.
Elsewhere, the 7-day average metric for Base is at 738,400, marking the highest on record.
In absolute terms, Base set a new daily record on July 20 with over 806,000, while Linea achieved its peak on July 10 with over 824,000 users.
Meme Coins Drive Base Activity
Artemis data suggests that Base’s increase in active addresses has been driven by decentralized finance (DeFi) and wallet-to-wallet activity, with Uniswap accounting for 75% of active addresses during the last month.
This points to meme coins as the main driver behind Base’s surge in activity.
DEX Screener data suggest that the most traded tokens on Base are meme coins, including Degen, Brett, and Mister Miggles. In fact, out of the top 100 Base tokens by trading volume, 98 are meme coins.
Meanwhile, the total value locked (TVL) in DeFi dapps on Base is at 1.75 billion, inches away from the record high set on June 10.
Linea Mainly Driven by DeFi
The increase in active wallets on Linea has been driven by DeFi activity, especially on DEXs like NILE, Lynex, and PancakeSwap. DEX Screener data shows that the three most traded pairs represent WETH/USDC on the three mentioned DEXs.
Linea saw its TVL updating the record high on July 2 at over $752 million. Today, DefiLlama data shows that the Linea dapps has attracted $738 million worth of crypto.
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The post Base, Linea’s 7-Day Average of Active Users Reach New Records appeared first on NFTgators .