Just a day after its official launch, Base, the layer-2 blockchain network by Coinbase, has seen its daily active user count surpass 100,000 for the first time.
According to data from Dune Analytics on August 10th, the network recorded an impressive 136,000 daily users, marking the highest number of daily users in its short history. Notably, this milestone coincides with the network’s second day of being publicly available.
On August 10th, approximately 30% of the daily users were newcomers to Base, totaling nearly 42,000 users. It’s worth mentioning that the previous record, set on July 31st, reached over 60,000 users.
Meanwhile, CryptoRank, a crypto market data platform, reported on August 10th that Base now holds the 4th position in terms of daily transactions per second among layer 2 solutions. It follows zkSync Era, Arbitrum, and Optimism.
Coinbase’s Base network was officially launched on August 9th after undergoing a “builders only” phase for a few weeks. This event was dubbed the commencement of the “Onchain Summer.”
Originally introduced as a beta version on February 23rd, Base garnered attention within the crypto community as a potential tool for onboarding more users into Web3 protocols, leveraging Coinbase’s substantial user base. The network’s main net version, targeted at “builders,” was launched on July 13th; however, the team cautioned that it wasn’t suitable for general users.
At present, Base users have the capability to bridge Ether (ETH) to the Base network, participate in a decentralized cryptocurrency exchange, conduct payments through a web-based app, secure a “.base” username, and even initiate a decentralized autonomous organization.”
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