The Layer 2 network incubated by the Coinbase exchange – Base – is seeing a significant increase in daily activity, hinting at growing interest and adoption amid improving sentiment in the broader market .

Mainnet Base has also seen a recovery in total value locked (TVL) after nearly two weeks of decline.

Growth of Base network

Over the past week, Base has seen significant growth in user engagement, reaching 1,220,883 daily active addresses on July 22.

According to IntoTheBlock's latest findings, this is more than double that of its closest competitors, with Arbitrum recording 494,214 daily active addresses and Optimism reaching 445,222 on the same day.

The Mainnet Base – announced last August – has since become one of the key Layer 2 networks. Interestingly, Arbitrum continues to dominate the total value locked (TVL) rankings with $17.62 billion, according to L2Beat data.

Source: L2Beat

However, Base is not far behind, taking second place. While TVL on the network saw a large decline in the first two weeks of July amid the broader market decline, it has recovered and is currently above $7.28 billion as of July 24 . Over the past three months, TVL on Base has increased by nearly 60%.

Meanwhile, Optimism comes in close at $6.68 billion.

Base's on-chain donation platform for US politicians An on-chain donation platform has been designed to allow US politicians to accept crypto donations directly on the Base network.

As Jesse Pollak, head of the Base network, revealed, the new platform supports donations in over 240 crypto assets, including major assets such as Bitcoin and Ethereum, in addition to credit card payments traditional.

It also boasts a faster and safer donation method while remaining fully compliant with US regulations. The platform also affirms its commitment to privacy by collecting only the minimum amount of information necessary to meet compliance standards.

The initiative aims to simplify the donation process, making it more accessible and efficient for both donors and political campaigns.

“Today, the future of digital currencies is being negotiated in Washington D.C. By supporting blockchain-friendly candidates through cryptocurrency, you are supporting the future of online currencies. Donate today. Become part of the larger crypto political movement.”

Source: https://tapchibitcoin.io/hoat-dong-cua-layer-2-base-gap-doi-doi-thu-arbitrum.html