Base, a layer-2 scaling solution for Ethereum built using the Optimism technology stack, has earned over $10 million in cumulative revenue since launching in early August 2023.
Taking to X on November 28, Erick Smith, the chief investment officer of 401 Financial, citing Token Terminal’s data, shared layer 2’s steady growth in revenue. Notably, as of late November, there was an impressive expansion in revenue, but the platform has an average of over 1 million monthly active users.
Base Cumulative Revenue Exceeds $10 Million
Looking at Token Terminal data, Base’s revenue growth indicates the increasing popularity of layer-2 solutions. By default, Ethereum’s scaling solutions, which rollups are the technology powering some of the blockchain’s leading options, are critical for enhancing user experience and gradually lowering gas fees on the mainnet.
As Ethereum developers prioritize and promote the development of solutions that scale the base layer, protocols, and users also increasingly prefer options like Base. As mentioned, Base, for instance, can help protocols seeking highly scalable environments launch quickly, benefiting from relatively lower gas fees. To illustrate, according to L2fees, a simple transaction on the mainnet costs $2.10, while the same on Optimism is $0.20.
Over the months, Bald, the first meme token on Base, was dep
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Author: Dalmas Ngetich
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