Base Active Address Count Surpasses 1M, Highest Among Layer 2s

IconCryptoNewsTerminal Staff24 Jul, 2024

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Base Active Address Count Surpasses 1M, Highest Among Layer 2s

According to IntoTheBlock, the number of active addresses on Layer 2 scaling solution Base has surpassed 1 million, making it the highest among all Layer 2 protocols. This significant milestone is a testament to Base's growing popularity and adoption as a reliable and scalable platform for decentralized applications (dApps). Base's impressive growth is attributed to its unique design, which combines the security and decentralization of the Ethereum blockchain with the high throughput and low transaction costs of centralized solutions. This combination has made Base an attractive option for developers and users alike, leading to the rapid expansion of its ecosystem. With its continued growth, Base is poised to play an increasingly important role in the future of decentralized finance (DeFi) and Web3. Its ability to provide a scalable and cost-effective platform for dApps will undoubtedly contribute to the mainstream adoption of blockchain technology.

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