Bitcoin

<ul><li>Base Network&#39;s daily transactions skyrocket to 1.88 million, marking a substantial surge from the 7-day average of 702,000.</li><li>Decreasing average transaction sizes signal growing retail adoption and increased smart contract interactions on the network.</li><li>Impressive 30-day average active addresses ratio at 64.50%, surpasses competitors like Arbitrum and Optimism.</li></ul>In a recent development that sent shockwaves through the crypto community, Base Network experienced a remarkable surge in on-chain activity. The blockchain analytics firm, IntoTheBlock, delved deep into the network&#39;s metrics, revealing intriguing insights.In a recent tweet by <a href="https://app.intotheblock.com/coin/ETH/base/quick-view" rel="noopener noreferrer nofollow">IntoTheBlock</a>, a well-known entity in the crypto and blockchain space, the Base Network&#39;s exceptional growth in on-chain metrics is highlighted, including a surge in daily transactions, shrinking transaction sizes, and a remarkable active addresses ratio.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9484f26bcc5443948642e9c98f4d3e17.png" />The most eye-catching revelation was the exponential growth in daily transactions. With a 7-day average initially at 702k, the network rapidly catapulted to a staggering 1.88 million daily transactions. This surge signifies an unprecedented level of engagement within the Base Network.Another significant finding was the decreasing average transaction size. This phenomenon suggests a burgeoning trend of retail adoption and heightened smart contract interactions, reflecting the network&#39;s versatility and user-friendly nature.Perhaps the most remarkable statistic was the 30-day average active addresses ratio, boasting an impressive 64.50%. This statistic stands in stark contrast to other Layer 2 solutions like Arbitrum (approximately 2%) and Optimism (4.5%), emphasizing Base Network&#39;s burgeoning prominence in the crypto landscape.Read full article at <a href="https://cryptotale.org/base-network-surges-daily-transactions-skyrocket-active-addresses-impress/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Base Network Surges: Daily Transactions Skyrocket, Active Addresses Impress

CryptoTale

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