Base Records $1.8 Billion in Daily Net Flows, Artemis Data Shows

According to Artemis (crypto data provider), Base (Coinbase-backed Ethereum layer-2 network) posted $1.8 billion in daily net flows, indicating a sharp rise in capital moving onto the blockchain.

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Summary

Base (Coinbase-backed Ethereum layer-2 network) recorded $1.8 billion in daily net flows, according to data cited from Artemis (crypto data provider). Net flows track the difference between assets moving onto and off a blockchain over a set period, and a large positive reading can point to increased user activity, trading demand, or liquidity migration. The source material does not provide a date beyond describing the figure as daily, nor does it specify the drivers behind the inflows.

Terms & Concepts
  • Net flows: The net amount of assets entering minus assets leaving a platform or blockchain over a specific period.
  • Layer-2 network: A blockchain scaling system built on top of another chain to improve speed or lower transaction costs.
  • Base: An Ethereum layer-2 blockchain backed by Coinbase, designed to support cheaper and faster onchain activity.