🚀 Base Network, Coinbase's baby project, is growing up! Although the growth rate has slowed, its total value locked (TVL) is nearly $735 million, a 4% increase in the past week.
- Launched in August 2023, Base Network's TVL has risen from $592 million in November to over $600 million.
- User engagement is on the rise, with over 3 million users by Dec. 22.
- Daily active users have soared to over 70,000 in November and December.
- Ethereum trading volume on the network has doubled from 36,942 ETH in November to 79,354 ETH in December.
Base Network, using optimistic rollup, serves various decentralized applications and achieves a daily transaction speed (TPS) of 3.45. Despite facing hurdles like scam tokens and a major outage, Base's growth is significant compared to industry leaders like Arbitrum One and OP mainnet. Its rapid expansion in users and transactions indicates steady interest and potential for Base. 😄