Wrapped Bitcoin

Base

Summer

Crypto exchange Coinbase’s layer-2 solution Base had about 4 million active addresses last week as it continues to push its “Onchain Summer” campaign forward.&nbsp;
Jesse Pollak, head of Base, <a data-ct-non-breakable="null" href="https://x.com/jessepollak/status/1825675029138518236" rel="null" target="null" text="null">shared</a> data from Dune Analytics, saying that the layer-2 network reached an all-time high in weekly active addresses. Pollak highlighted that over 4 million active addresses were on the blockchain last week.&nbsp;
<figure>
 <img alt="Base hits 4M active addresses amid ‘Onchain Summer’ campaign" name="" src="https://s3.cointelegraph.com/uploads/2024-08/Weekly%20active%20addresses%20chart%20for%20Base">
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 Weekly active addresses chart for Base. Source: Dune Analytics
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</figure>
The new development comes as Base continues its “Onchain Summer” campaign that incentivizes building on the base network.&nbsp;
<h2 id="base-rewards-builders-through-a-summer-campaign">Base rewards builders through a summer campaign</h2>
In 2023, Base launched an “Onchain Summer” event to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/base-onchain-summer-over-700-thousand-nfts-minted-268-thousand-users" rel="null" target="null" text="null">spur adoption for the layer-2 network</a>. During the month-long event, 268,000 wallets minted more than 700,000 non-fungible tokens (NFTs) on the network. The promotion saw over $242 million in crypto being bridged to Base, with over 130,000 unique wallets using the network daily.&nbsp;
Because of its success last year, Base brought back the summer event in 2024, encouraging developers to build on the blockchain. Base said it did so to “unleash onchain creativity” and invite developers to build during the summer.
The layer-2 network said it had allotted 600 Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null">ETH</a>), worth $2 million, in rewards for those who build on Base. The event started in June and will end in August.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-teases-cbbtc-after-bitgo-wrapped-bitcoin-controversy" rel="null" target="null" text="null">Coinbase teases ‘cbBTC’ days after BitGo Wrapped Bitcoin controversy</a>
<h2 id="bringing-classic-video-games-onchain">Bringing classic video games “onchain”&nbsp;</h2>
During the Onchain Summer campaign, Base <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/atari-brings-classic-games-onchain-base" rel="null" target="null" text="null">collaborated with video game developer</a> Atari’s Web3 arm AtariX to bring classic games on the blockchain. On July 25, AtariX announced that it’s bringing its classic arcade game to Base through an “onchain” arcade. The game developer required players to mint an NFT pass to play the game and rank high on a leaderboard.&nbsp;
However, some believe that the Asteroids game was not onchain. On Aug. 5, Stackr Labs founder and CEO Kautuk Kundan claimed that he hacked Atari’s arcade game to prove it was <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/developer-hacked-atari-asteroids-blockchain-game-to-prove-a-point" rel="null" target="null" text="null">not onchain</a>.&nbsp;
Kundan said that he and his team sabotaged Atari’s Asteroids game leaderboard without playing a single game. The executive said that the game is not on the blockchain despite being advertised as such.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/coinbase-sec-lawsuit-bitcoin-mining-metalawman-x-hall-of-flame/" rel="null" target="null" text="null">Coinbase ‘is going to win’: MetaLawMan, X Hall of Flame</a>

Base hits 4M active addresses amid ‘Onchain Summer’ campaign

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Cointelegraph

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