Bitget Wallet Execs Analyze the Remarkable Surge in Base Network On-Chain Activity
Thursday, 11 April 2024, 11:15
In-Depth Analysis: Bitget Wallet Executives Evaluate Base Network Surge
Bitget Wallet executives have reported a notable increase in on-chain activity within the Base mainnet. Over the past month, daily transactions consistently exceeded 1 million, reaching a peak of 3 million on March 28.
Bitget Wallet's Impact
Bitget Wallet played a crucial role in driving heightened activity, with daily transactions surpassing 200,000, contributing over 10% to the total volume.
Factors Driving Surge
- Increased funding and developers post-Dencun upgrade
- TVL surge from $477 million to $1.47 billion
- Meme Fever and launch of meme coin on Base chain
MOEW Coin's Influence
The introduction of MOEW by Bitget Wallet resulted in a significant boost in transaction volume on the Base chain.
Future Prospects within Base
- Thriving on-chain ecosystem
- User engagement and developer support
- Support from Coinbase Foundation for compliance challenges
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.