Base

Million

Resistance Dog

Daily

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<a href="https://insidebitcoins.com/news/coinbase-hints-at-potential-cbbtc-launch-following-bitgo-wrapped-bitcoin-controversy">Coinbase’s</a> layer-2 Base network surpassed 1 million daily active addresses following a surge in the number of new “basenames” created on the blockchain. 
The network set a new daily active address record of 1.05 million on Aug. 24, according to data from <a href="https://dune.com/queries/2834598/4740668">Dune Analytics</a>. This increase marks a 60% uptick in the number of daily active addresses since the start of the month. Since reaching this peak, the number of daily active addresses has fallen to 401,936. 
<img decoding="async" src="https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/07/Base-16x9-1-gID_7.jpg@webp" alt="Base Network Rakes in the Fees Riding Crypto's Favorite Memes - Decrypt"> 
<h2 id="span-style-font-weight-400-daily-active-address-record-comes-amid-a-surge-in-trading-activity-span">Daily Active Address Record Comes Amid A Surge In Trading Activity</h2> 
The surge in the number of daily active addresses follows the Aug. 21 launch of the “basenames” service on the layer-2 network. Within just the first week of this naming service going live, more than 200K new Base.eth usernames were minted on the chain. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 to be clear, it's still day one. 1B+ basenames or bust. <a href="https://t.co/iKyBLeU1Fa">https://t.co/iKyBLeU1Fa</a> 
 — jesse.base.eth (@jessepollak) <a href="https://twitter.com/jessepollak/status/1828121410205798752?ref_src=twsrc%5Etfw">August 26, 2024</a>
</blockquote> 
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Along with the increase in basenames, the network has also recorded a growth in trading activity. Trading volumes across the Base ecosystem rose 2.81% since March to now account for 9.25% of the total DEX volume on Ethereum, according to DefiLlama data. The layer-2 network also posted a record 4 million weekly active addresses on Aug. 20. 
<h2 id="span-style-font-weight-400-base-meme-coins-drop-4-span">Base Meme Coins Drop 4%</h2> 
Many meme coins on the layer-2 blockchain are not following the same positive trend as the network’s number of daily active addresses. Throughout the past 24 hours, the <a href="https://www.coingecko.com/en/categories/base-meme-coins">market capitalization</a> for the light-hearted sector of the Base ecosystem dropped over 4%. 
<a href="https://insidebitcoins.com/news/brett-price-pumps-7-after-binance-futures-launch-but-experts-say-this-base-meme-coin-rival-might-be-the-best-crypto-to-buy-now">Brett</a> (BRETT), Degen (BASE), Toshi (TOSHI), Mister Miggles (MIGGLES) and Basenji (BENJI) all suffered losses during the last trading session. BRETT, the leading Base meme coin by market, dropped 4% but is still up more than 8% on the weekly timeframe. The rest of the top 5 biggest Base meme coins are all down over the past 7 days. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We reached 3 million, DAWGZ!!! 
 And we are going to end the presale soon. More details to follow soon 🪂 <a href="https://t.co/1frFvcX6HV">pic.twitter.com/1frFvcX6HV</a> 
 — Base Dawgz (@BaseDawgz) <a href="https://twitter.com/BaseDawgz/status/1827376108355919986?ref_src=twsrc%5Etfw">August 24, 2024</a>
</blockquote> 
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One Base meme coin that stands out from the rest is <a href="https://insidebitcoins.com/visit/basedawgz" rel="nofollow">Base Dawgz (DAWGZ)</a>. Currently in its presale phase, the crypto has managed to raise over $3 million. The investor frenzy around the young crypto is likely to continue as investors rush to get in on the project’s lucrative staking program offering a 776% APY. DAWGZ’s ICO is set to end within the next 48 hours. 
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3> 
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 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e/">Upcoming Crypto Presales: Unlock Early Investment Opportunities!&nbsp;</a></li> 
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/ton-meme-coins-surge-98-with-resistance-dog-redo-leading-the-charge-after-arrest-of-telegrams-pavel-durov-in-france">TON Meme Coins Surge 98% With Resistance Dog (REDO) Leading The Charge After Arrest Of Telegram’s Pavel Durov In France</a></li> 
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/dogs-price-plummets-22-as-traders-shift-focus-to-this-base-meme-coin-with-time-running-out">DOGS Price Plummets 22% As Traders Shift Focus To This Base Meme Coin With Time Running Out</a></li> 
</ul>

Base Network Records Over 1 Million Daily Active Addresses Following Basenames Surge

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