Less than a month after its launch, the Base network ascended to the list of top Ethereum Layer 2 (L2) blockchains, and it took just eleven days to register a million addresses—faster than any other L2.
So what’s behind Base’s meteoric rise? Certainly, the financial clout and brand recognition of the project’s initiator, Coinbase, have helped the new blockchain thrive. But the decision to forego any native token has also added to its appeal among certain users.
Rate of L2 Blockchain Adoption Spikes as Base Steams Ahead
In a recent comparison of L2 adoption rates, CoinGecko found that the time taken to reach a million users has been decreasing over time.
For example, Base hit the critical milestone in just 11 days. Yet, when Optimism launched back in January 2021, it took 191 days. Arbitrum, which went live later in September that year, took even longer, at 303 days.
Jump forward to 2023, and when the zKSynk Era mainnet was launched in March, it accumulated a million unique addresses in 71 days.
In the case of Base, the rapid influx of new users has helped the new chain eclipse its more established peers in terms of network activity.
Within days of its mai
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Author: James Morales
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