Ethereum

Arbitrum

Brett (Arbitrum)

Base

zkSync

The Coinbase-supported Base network has now surpassed Arbitrum as the leading Ethereum layer-2 network by active addresses this month.
Base has seen over 1.48 million new active addresses over the first nine days of April — narrowly beating out Arbitrum One with 1.43 million active addresses, <a href="https://www.growthepie.xyz/fundamentals/daily-active-addresses" target="_blank" rel="noopener noreferrer nofollow">according</a> to data from growthepie.
Ethereum scaling solutions zkSync Era and the Optimism mainnet rounded out the top four with 1.21 million and 650,000 active addresses, respectively.
However, Arbitrum One still maintains a slight lead over Base in active addresses over the last 30 days, at 3.84 million, compared to Base’s 3.76 million.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-04/50b51e9c-8af8-4ce4-8d14-c7015d2139b4.png">
 <figcaption style="text-align: center;">Change in monthly active users on Arbitrum One, Base, zkSync Era and OP Mainnet over the last 30 days. Source: growthepie
 </figcaption>
</figure>
Meanwhile, Starknet and Mantle have seen the largest falls in active addresses at 51% and 40% over the last 30 days.
It comes as Base recently <a href="https://cointelegraph.com/news/coinbase-base-tvl-4-billion-transactions-beating-ethereum" rel="noopener noreferrer nofollow">surpassed the $4 billion mark </a>in total value locked on the protocol earlier in the month. It now only trails Arbitrum One and OP Mainnet, <a href="https://l2beat.com/scaling/tvl" target="_blank" rel="noopener noreferrer nofollow">according</a> to L2BEAT.
Base also boasts the largest 30-day transaction count at 53.1 million, more than 10 million clear of Arbitrum’s 41.2 million and Ethereum’s 37.9 million over the same timeframe, <a href="https://l2beat.com/scaling/activity" target="_blank" rel="noopener noreferrer nofollow">according</a> to L2BEAT.
Base’s increase in active addresses has partly been fueled by a <a href="https://cointelegraph.com/news/coinbase-network-base-tvl-doubles-month-memecoins-drive-adoption" rel="noopener noreferrer nofollow">recent memecoin mania</a> on the Coinbase-supported network.
Brett (BRETT) and Degen (DEGEN) are among the largest memecoins on Base, with respective market caps of $720 million and $523 million, <a href="https://www.coingecko.com/en/categories/base-meme-coins" target="_blank" rel="noopener noreferrer nofollow">according</a> to CoinGecko, while Toshi (TOSHI) and Normie (NORMIE) are also highly traded memecoins on the network.
Related:<a href="https://cointelegraph.com/news/coinbase-partners-lightspark-bitcoin-lightning-payments" rel="noopener noreferrer nofollow"> Coinbase partners with Lightspark for Bitcoin Lightning payments</a>
However, Base’s popularity has also attracted scammers, as the network saw<a href="https://cointelegraph.com/news/phishing-scams-layer-2-base-up-1900-percent-since-january" rel="noopener noreferrer nofollow"> an 18-fold increase</a> in successful phishing scams from January to March — with $3.35 million stolen last month.
A recent analysis shows <a href="https://cointelegraph.com/magazine/base-meme-coins-scams-vulnerabilities-honeypot/" rel="noopener noreferrer nofollow">one in six memecoins are Base are scams</a> and that 91% of Base memecoins possess security vulnerabilities that could expose users to big losses.
Coinbase officially launched Base last August. The cryptocurrency exchange is the sole sequencer of Base, according to L2BEAT<a href="https://l2beat.com/scaling/projects/base?selectedChart=activity" target="_blank" rel="noopener noreferrer nofollow"> data</a> — meaning the chain is fully controlled by the exchange.
However, the firm has iterated its intention to<a href="https://cointelegraph.com/learn/what-is-base-coinbase-l2-network" rel="noopener noreferrer nofollow"> progressively decentralize Base over time.</a>
Magazine:<a href="https://cointelegraph.com/magazine/blockchain-transactions-per-second-tps-stupid-big-questions/" rel="noopener noreferrer nofollow"> Is measuring blockchain transactions per second (TPS) stupid in 2024? Big Questions</a>

Base overtakes Arbitrum for most active addresses so far this month

Cointelegraph

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