Base chain, Layer-2 Blockchain network from Coinbase, launched in 2023, is doing well. The most important statistics are jumping and the growth of the market share continues.
Nansen-data show that Base has solidified its position as the largest player in the Layer-2 industry. The weekly transactions rose by 27% to 65.9 million, much higher than the 9.4 million from Ethereum (ETH).
The active addresses of BASE have risen by 42% in the last seven days to 9.7 million, higher than the 2.14 million from Ethereum. It has also overtaken other popular Layer-2 networks, such as Arbitrum, Polygoon and Optimism.
Basic chain statistics Source: Nansen
More data from Defi Lama show that protocols in the basic chain are approaching a milestone of $ 400 billion.
They have treated $ 363 billion since its foundation, with $ 25 billion in the last 30 days. If the trend continues, the basis will probably cross the level of $ 400 billion in June or July.
The most active DEX network on the basic chain is Aerodrome, which has processed more than $ 183 billion in transactions since the beginning. Uniswap (Uni) is the second after it had treated $ 130 billion. The other top players in the network are Pancakeswap, Woofi, Javphere and Sushi.
Basic chain has also become the sixth largest chain in decentralized finances or Defi. The total value has been locked, has risen to $ 4.7 billion, making it a larger chain than most popular players such as Sui, Avalanche, Cardano and Cronos.
The basic chain has attracted users because of the considerably lower transaction costs and higher speeds. It has also become an important player in the Meme Coin industry, with tokens on its ecosystem with a market capitalization of more than $ 1.7 billion.
The most striking are Brett (Brett), Toshi, Degen and Ponke.
Maybe you also like it: Coupling tighter is grip while the market capitalization of the stablecoin $ 243 billion is reached
Basic chain resists the pressure to air the air
Coinbase has opposed measures to have a basic air, which would give investors access to the $ base toky. Polymarket opportunities from such an airdrop are only 2%, indicating that traders do not expect it to happen in the second quarter.
A basic air would be remarkable and probably appreciated for billions of dollars. Arbitrum, which is smaller than the basis, has a completely diluted appreciation of $ 3.9 billion, while optimism has $ 3.07 billion. Polygon (Pol) has an FDV of $ 2.46 billion, which means that the basis would probably see a higher appreciation.
Read more: Coinbase Breach Strikes PayPal Mafia Royalty, Sequoia Capital Boss