{"id":15533,"date":"2024-07-25T12:13:13","date_gmt":"2024-07-25T09:13:13","guid":{"rendered":"https:\/\/forklog.com\/en\/base-network-achieves-new-on-chain-highs\/"},"modified":"2024-07-25T12:13:13","modified_gmt":"2024-07-25T09:13:13","slug":"base-network-achieves-new-on-chain-highs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/base-network-achieves-new-on-chain-highs\/","title":{"rendered":"Base Network Achieves New On-Chain Highs"},"content":{"rendered":"

Base has set new records in both transaction count and active addresses on the network. This surge has bolstered the project’s position as a leading L2 solution, according to experts at The Block<\/a>.<\/p>\n

\"Transaction-Count-on-Optimistic-Rollups-Daily-7DMA-Google-Chrome\"
Source: The Block.<\/figcaption><\/figure>\n

On July 23, the network recorded 3.97 million transactions. In just the last 10 days, this figure has risen from 3.25 million\u2014an increase of approximately 22%.<\/p>\n

Simultaneously, the number of active addresses reached 751,490. On July 11, this metric stood at 508,080.<\/p>\n

Network fees have also seen significant growth. On Saturday, July 20, fees approached $177,000\u2014a monthly high. This impacted the total weekly value, which reached $967,000.<\/p>\n

Analysts noted that Base was expected to capture a significant portion of retail users of L2 solutions due to direct support from Coinbase.<\/p>\n

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\u201cThis forecast is now materializing, as the network has surpassed competitors on Optimistic Rollups technology like Arbitrum and OP Chain in terms of transaction count and active addresses,\u201d they believe.<\/p>\n<\/blockquote>\n

However, Base significantly lags behind Arbitrum in total value locked\u2014$7.29 billion compared to $17.75 billion. The project surpassed OP Mainnet in June.<\/p>\n

\"L2BEAT-The-state-of-the-layer-two-ecosystem-Google-Chrome-2\"
Source: L2BEAT<\/a>.<\/figcaption><\/figure>\n

Experts believe that one of the drivers of the recent surge in activity on Base was the meme coin MIGGLES, launched on ape.fun\u2014a fork of the pump.fun platform on Solana. The coin’s popularity grew following a tweet from Coinbase’s official X-account featuring an advertisement for a cat with a similar name.<\/p>\n

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The internet is broken.
Want to update it with us?https:\/\/t.co\/H9GHgFRvLY<\/a> pic.twitter.com\/D88yYOxt5a<\/a><\/p>\n

\u2014 Coinbase ?\ufe0f (@coinbase) July 17, 2024<\/a><\/p><\/blockquote>\n