Coinbase’s newly launched layer-2 network, Base, has reached a new all-time high in user base. According to data from Dune Analytics, Base recorded a 30% increase in daily users, exceeding 100,000 a day following its official launch.
The Dune Analytics data shows that on August 10, over 136,000 daily users were recorded using the layer 2 network. This figure is the highest ever recorded in Base’s short period of existence.
Base Gains More Traction Following Its Public Release
Base is an Ethereum-based layer-2 network introduced by crypto exchange Coinbase on February 23. According to the firm, Base offers developers a safe, developer-friendly, and cheaper way to build web3-based applications on-chain.
The launch of Base’s beta version in February sparked enthusiasm and anticipation across the crypto community. Many speculated that Base would leverage Coinbase’s vast user base to attract more users to Web3 protocols.
However, when its mainnet version launched on July 13, the tea
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