Bitcoin

Base

Ethereum Name Service

Linea

Daily

<h4><strong>On August 24th, Base reached a peak of 1.05 million daily active addresses. </strong></h4> 
<p>Although down to 1.03 million, this still represents a 60% increase in daily active addresses since August. Let’s discover more about this important milestone for Base.</p> 
<h5><strong>Base Sees 60% Growth in Daily Active Addresses</strong></h5> 
<p>This impressive growth underscores Base’s rapid expansion and its growing dominance in the layer-2 space. The rise in daily active addresses has propelled Base ahead of several other leading protocols.</p> 
<p>For context, Arbitrum, which holds the second spot in daily active addresses, reports 394,000, while Linea and Mantle trail with 198,000 and 69,000, respectively, according to data from the Ethereum L2 platform <a href="https://www.growthepie.xyz/" target="_blank" rel="noopener">GrowThePie</a>.</p> 
<p><img decoding="async" class="wp-image-149079 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/xvcdfsfdgfgd-300x185.png" alt="" width="639" height="394" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/xvcdfsfdgfgd-300x185.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/xvcdfsfdgfgd-356x220.png 356w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/xvcdfsfdgfgd.png 478w" sizes="(max-width: 639px) 100vw, 639px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://dune.com/watermeloncrypto/base" target="_blank" rel="noopener">Dune</a></strong></h6> 
<p>The notable spike in Base’s daily active addresses follows the launch of its “<a href="https://base.mirror.xyz/ofu68-hGbQuf-_oNsMNTVM373lByUVjcHDh5CF2KSNQ" target="_blank" rel="noopener">basenames</a>” service on August 21. This new feature is powered by the <a href="https://ens.domains/" target="_blank" rel="noopener">Ethereum Name Service (ENS)</a> platform. It allows users to register human-readable names linked to their Base wallet addresses. This functionality enhances user interaction by simplifying communication on the network and making transactions more intuitive.</p> 
<h5><strong>More About Base</strong></h5> 
<p>Jesse Pollak, Base’s creator, highlighted the success of the new naming service, revealing that over 200,000 Base.eth usernames were minted within the first week of its launch. The ability to purchase a custom name tied to a wallet address has resonated with users, contributing to the platform’s rapid growth.</p> 
<p><img decoding="async" class="wp-image-149083 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/xvcvcbbnvbhjghj-300x239.png" alt="" width="518" height="413" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/xvcvcbbnvbhjghj-300x239.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/xvcvcbbnvbhjghj.png 392w" sizes="(max-width: 518px) 100vw, 518px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/jessepollak/status/1828103656069386557" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The “basenames” service not only simplifies the user experience but also potentially broadens the appeal of Base to a wider audience by making it easier for individuals to engage with the network. As users embrace this new feature, Base’s growing ecosystem reflects a broader trend of increased adoption and innovation within the layer-2 space.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/base-hits-1m-daily-active-addresses-as-basenames-surge/">Base Hits 1M Daily Active Addresses as ‘Basenames’ Surge</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Base Hits 1M Daily Active Addresses as ‘Basenames’ Surge

Altcoin Buzz

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