Base, the Layer 2 blockchain network launched by Coinbase, quickly surpassed Optimism after the mainnet was launched, becoming the Layer-2 network with the most active users after Arbitrum. According to Dune Analytics data, the number of daily active users of Base has reached 136,000. This surge in activity is largely driven by the new social network Friend.Tech being built on Base.

Friend.Tech is a platform that allows users to buy or sell shares in relation to other users on the app. For example, a user can buy another user's shares at a specific price. If the floor price of these shares rises, buyers can profit by selling the shares at a higher price. Currently, the app is still in beta and can only be accessed by users with a valid registration code. Notably, a gray area on the app reveals that the platform plans to launch a token, leaving its users scrambling to earn potential airdrops by sharing referral codes.

Powered by Friend.Tech, Base surpassed rival L2 blockchain Optimism in the number of daily active users. Since Base went online, approximately $175 million has crossed the chain to Base, with a total of 580,000 transactions recorded on August 10. Meanwhile, Arbitrum remains the most used L2 blockchain with 147,000 users.

Last month, the price of BALD, a new token launched on the Base chain, plummeted by nearly 90% after token deployers withdrew $25.6 million worth of liquidity. The coin briefly rose by about 3,000% when launched, but the price fell by about 92% due to the so-called "leek cutting" incident. Subsequently, deployers purchased more BALD and restored some liquidity. However, after enticing users to buy more tokens, the developers again withdrew liquidity.