Base Surges: User Activity and Institutional Momentum Heat Up!

Base network sees unprecedented user activity and institutional interest. JPMorgan, Shopify, and Coinbase lead the charge.

Base is buzzin'! The Layer 2 network developed by Coinbase is witnessing explosive user activity and grabbing serious attention from institutional players. It's not just hype; it's a real shift.

Base's Massive User Surge

Over the past week, Base hit a record-breaking 3.6 million daily active users and a whopping 14 million weekly active users. This makes Base one of the fastest-growing ecosystems in the Ethereum Layer 2 world. What's driving this surge?

Coinbase Deepens Commitment

Coinbase is doubling down on Base, integrating decentralized exchange (DEX) trading directly into its main app. This move simplifies on-chain trading for millions of Coinbase users and shines a spotlight on native Base tokens. Plus, Coinbase snagged a MiCA license, opening the doors to offer digital asset services across all 27 EU member states. Europe, get ready for Base!

JPMorgan's Institutional Token on Base

It's not just retail users flocking to Base. Even JPMorgan, is launching a new token, $JPMD, on the Base network. This underscores growing confidence in Base and the broader Ethereum ecosystem. Launching $JPMD on Base signals that Base isn't just a playground for DeFi startups; it's a serious venue for financial innovation.

Shopify Tests USDC Payments

Here's a signal from outside the crypto bubble: Shopify, the e-commerce giant, is testing payments in USDC on Base. This pilot program represents a concrete step toward real-world adoption of crypto payments for goods and services. Imagine using USDC on Base for your daily commerce – the scale and utility of a blockchain payment system is coming to life!

Base's Growth Signals a Maturing Layer 2 Ecosystem

Base is becoming a major player in the Ethereum Layer 2 ecosystem, thanks to:

• Regulatory wins.
• Retail innovations.
• Enterprise-grade applications.

Avalanche on-chain activity spikes

While Base is surging, Avalanche is also experiencing a notable increase in on-chain activity. Active addresses have skyrocketed, and the network processed over 1.13 million transactions in the past 24 hours. Major platforms such as OpenSea, Tether, and Bybit are driving this surge.

The Future is Bright (and On-Chain)

With regulatory wins, retail adoption, and enterprise-grade applications, Base is on its way to a pivotal position in the international world of digital finance. It's all happening, folks. Buckle up!