Base Hits 1M Daily Active Addresses with Rapid Growth of Basenames

Monday, 26 August 2024, 17:00

Base hits 1 million daily active addresses as Basenames takes off, signaling a breakthrough in Ethereum’s layer-2 landscape. The surge reflects the growing demand for decentralized identity solutions and blockchain technology. This remarkable milestone showcases the strong interest and usage of the Base network, highlighting its potential for future growth.
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Base Hits 1M Daily Active Addresses with Rapid Growth of Basenames

Base Achieves Major Milestone

Base has surpassed 1 million daily active addresses, marking a significant milestone in the realm of blockchain and decentralized networks. The rise of Basenames, which are anchored to the Ethereum Name Service (ENS), indicates a growing embrace of web3 applications.

Understanding the Basenames Phenomenon

  • 1 Million Daily Active Addresses: Base’s achievement showcases its increasing user base.
  • Dynamic ENS Growing: With 1.96 million active ENS names reported, the network is poised for expansive growth.
  • Market Implications: This trend may signal a broader acceptance of decentralized identity solutions.

Potential Impact on Blockchain Adoption

The explosion of daily active addresses on Base emphasizes the significant interest in layer-2 solutions, suggesting that developers and users are increasingly favoring decentralized alternatives. This trend could potentially shape future user engagement and investment strategies in the blockchain landscape.


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.


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