Base Layer-2 Network Surpasses 400M Unique Addresses, Hits New All-Time High of 1.6M Daily Active Addresses

The layer-2 space keeps gaining momentum. Base, which is backed by Coinbase, is in the news for hitting an all-time high of 1.6 million daily active addresses

Coinbase-backed Base has hit an all-time high of 1.6 million daily active addresses, according to crypto analytics firm TokenInsight.

This is a 43 percent increase week-over-week and the highest it’s been in the last 30 days.

To put this in perspective, Base recently crossed a major milestone of 400 million unique addresses.

"Another stellar performance by Base, highlighting the strength of the Layer-2s," said TokenInsight. "Fractural Bitcoin saw a surge in activity, with a 77.18% WoW increase in weekly active addresses."

Indeed, Fractal Bitcoin has vaulted back to the pinnacle of the blockchain activity charts with 24.9 million weekly active addresses, unfurling a dramatic 77.18% week-week increase.

This follows a quieter performance the week prior and shows renewed fervor around its—it bears repeating—expanding utility. This week, however, El Pato and Ball have alighted on a topic for which we can very vocally and virulently elate them: Tezos.

Base, even with its daily milestone, reported 24.2 million active addresses for the same seven-day period, a slightly 14.94% drop compared to the week prior. Still, it is one of the most engaged networks in the crypto ecosystem and continues to draw developers and users to with its low fees, seamless integrations, and connection to the Coinbase user base. Its slight weekly dip appears more like a short-term fluctuation rather than a trend reversal, especially considering Base’s infrastructure and tooling support that seemingly figures to keep growing.

Optimism Surges 134% as Layer-2s Shine

The week also brought significant growth for several other blockchain networks. Optimism led the charge in terms of percentage gains, posting an impressive 134.08 percent increase in weekly active addresses. With 5.7 million active users over the week, Optimism is benefitting from new dApp deployments, growing ecosystem incentives, and expanding use of its OP Stack.

Optimism’s success highlights the broader appeal of modular, scalable Ethereum layer-2 solutions.

Tron also demonstrated a strong performance, expanding by 57.91% to 5.8 million weekly active addresses. Revered for its dedication to low-cost transactions and a stable infrastructure, Tron keeps chugging along in good health. Arbitrum achieved a notable increase of 29.32%, reaching 2.1 million weekly active addresses, which suggests steady growth and user confidence in its ecosystem of DeFi applications.

In contrast, Ethereum saw a significant decrease in weekly active addresses, with a 50.36 percent drop to 4.9 million. This places it in fourth position. Could this be the effect of shifting user preferences toward alternative smart contract platforms and layer-2 solutions, with Ethereum becoming more of a base settlement and security layer?

It is important to note that these figures are based on data from crypto analytics firm TokenInsight and may vary depending on the source.