Base, the Layer 2 network developed by Coinbase, has established itself as one of the biggest successes of the year in the blockchain sector.

Using Optimism OP Stack technology, the platform has seen significant progress em metrics such as active users, transaction volume and average monthly growth of new users

Base, the Layer 2 network developed by Coinbase, has established itself as one of the biggest success stories of the year in the blockchain sector. Utilizing Optimism OP Stack technology, the platform has seen significant growth in key metrics such as active users, transaction volume and average monthly growth of new users, standing out among competitors like Ethereum, Arbitrum and Optimism.

Launched with much fanfare in August 2023, Base has shown impressive performance ever since its public debut. According to a recent Flipside report, the network saw an average of 4.7 million new users per month in November 2024. In October alone, Base accounted for 13.7 million of the 19.4 million new users across seven chains analyzed, including Bitcoin and Avalanche.

Base also led the way in the growth of “super users” — individuals with at least 100 monthly DeFi-related transactions. By early December, the network reached 15.1 million super users, surpassing Ethereum (10.7 million) and Polygon (7 million).

The platform's success is directly linked to the strength of the Coinbase ecosystem, which holds approximately $130 billion in assets. Moreover, Base's focus on popular sectors such as memecoin trading and NFTs has helped solidify its position as a frontrunner. Among other developments on the platform, Uniswap has experienced notable growth, now accounting for 91.3% of total user activity acquired on decentralized exchanges, up from 36.8%.

Base's performance highlights its ability to attract and retain a large user base while providing scalable solutions for decentralized application (dApp) developers. With the combined support of Coinbase and the utilization of advanced technologies like optimistic rollups, Base is redefining the standards of adoption in the blockchain space. This growth also reflects its success in tapping into strategic sectors like NFT and memecoin trading, as well as strengthening its infrastructure for decentralized exchanges (DEXs) like Uniswap, which has seen a significant increase in network activity.