Base, the Layer 2 blockchain developed by Coinbase, has become a standout in the blockchain landscape, leveraging Optimism OP Stack technology to achieve impressive metrics. The platform experienced notable growth in active users, transaction volume, and monthly user acquisition, outperforming major competitors such as Ethereum, Arbitrum, and Optimism.
Exceptional user growth and performance
Since its public launch in August 2023, Base has seen significant progress, with an average monthly influx of 4.7 million new users in November 2024. This number exceeded the user acquisition of other leading chains analyzed in a recent Flipside report. Additionally, Base contributed 13.7 million of the 19.4 million new users across seven blockchain networks, including Bitcoin and Avalanche, in October alone.
The platform’s growth goes beyond casual participants as it leads to an increase in “super users” – people who make at least 100 DeFi-related transactions every month. As of early December, Base recorded 15.1 million superusers, surpassing Ethereum’s 10.7 million and Polygon’s 7 million.
Leveraging the Coinbase ecosystem and strategic focus
Base’s success is closely linked to the strength of the Coinbase ecosystem, which manages around $130 billion in assets. This integration allows the platform to attract and retain a diverse user base. Additionally, its targeted focus on high-demand sectors such as memecoin trading and NFTs has strengthened its leadership position.
One of the most notable developments on Base has been the growth of Uniswap, a leading decentralized exchange (DEX). Uniswap…
