Base Network Reaches 4M Users

Base Network Surpasses 4 Million Active Users in a Week

Coinbase’s Layer-2 solution, Base, has captured significant attention by hosting nearly 4 million active addresses in a single week. This milestone comes as part of the ongoing Onchain Summer campaign. Jesse Pollak, Base’s president, highlighted this achievement, citing data from Dune Analytics that showcases a peak in weekly active users on the network.

What’s Driving the Base Network?

The surge to over 4 million active addresses last week is primarily driven by the Onchain Summer campaign, which encourages development on the main network. This initiative builds on the successful launch of the event in 2023, where Base saw a substantial increase in both activity and user engagement.

Last year, the Onchain Summer event led to:

• Minting of over 700,000 NFTs by 268,000 wallets
• Bridging of more than $242 million in crypto assets to Base
• A peak daily usage of 130,000 unique wallets

These metrics underscore the event’s success in fostering blockchain adoption.

How is the 2024 Campaign Different?

Building on the previous year’s success, the 2024 event aims to inspire even more development and creativity within the blockchain ecosystem. Base has allocated 600 Ethereum, equivalent to $2 million, to reward participants who contribute to the network. The event runs from June to August, providing developers ample time to engage and innovate.

Concrete Benefits for Developers

The Onchain Summer campaign offers more than just participation; it includes rewards and opportunities for collaboration. Key benefits for developers include:

• Access to $2 million worth of Ethereum for development projects
• The opportunity to mint and trade NFTs on a growing network
• Potential for increased visibility and user engagement through Base’s active community
• Collaboration with established brands like AtariX, integrating classic games into the blockchain

Conclusion

As Base’s Onchain Summer campaign continues, it represents a significant push towards mainstream blockchain adoption. The impressive user engagement and developer incentives highlight the potential for sustained growth and innovation on the Base network. With ongoing events and rewards, Base remains a vital platform for blockchain enthusiasts and developers alike.