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Base Celebrates Second Anniversary With Remarkable Growth

Onbase data reveals significant increases in active users, transaction volume, and TVL alongside a sharp decline in network fees.

Summary

Base marked its second anniversary with notable growth, recording 1.256 million active users (+1,280.6% YoY) and 9.869 million transactions (+2,049.6%), while TVL reached nearly $4.5 billion and network fees dropped by 97.7%.

Terms & Concepts
  • TVL: Total Value Locked represents the total capital committed to a blockchain protocol, reflecting its overall liquidity and trust.
  • Network Transaction Fees: These fees are charges required to process transactions on a blockchain, often fluctuating based on network activity and congestion.