Coinbase’s Base Network Hits 136,000 Daily Users

The number of daily active users on Coinbase’s layer 2 blockchain surpassed 100,000 for the first time just one day after the network’s official inauguration.

Over 136,000 daily users, the highest daily number in its brief history, were recorded by Dune Analytics on August 10, coinciding with the second day of its public release.

Daily active users on Base. Source: Dune

Around 30% of daily users on August 10 were new Base users, totaling nearly 42,000; however, the record was set on July 31 with over 60,000 users.

In an August 10 post, crypto market data platform CryptoRank revealed Base now ranks fourth among layer 2 solutions in terms of daily transactions per second, behind zkSync Era, Arbitrum, and Optimism.

On August 9, Coinbase’s Base network went live, marking the beginning of “Onchain Summer.” Base was initially released as a beta version on February 23.

Due to Coinbase’s large user base, many in the cryptocurrency community hypothesized that the platform could help onboard more users into Web3 protocols as soon as it was announced.

The mainnet version of the network was released “for builders” on July 13, but the team warned that it was not yet available for users.

Currently, Base users can connect Ether to Base, interact with a decentralized cryptocurrency exchange, make payments with a web-based application, register a “.base” username, and initiate a decentralized autonomous organization.