(Thursday 04 July 2024, 10:33 AM GMT):
As the use of blockchain technology and cryptocurrencies continues to grow, the Base Ecosystem isn’t lagging behind. This is where Base by Coinbase comes in, offering an Ethereum-based crypto platform that increases transaction speed, security, and supports a variety of applications.
According to data from Dunes, the Base ecosystem has seen a significant increase in its user base, with the total number of users exceeding 18 million. As of July 4th, the exact number stood at 18,381,879. The ecosystem has been experiencing steady growth, with an average of nearly 270,000 new users joining every week. This surge in user count indicates a growing interest in the Base ecosystem, which continues to expand its reach.
One key factor driving Base’s user growth is its strong connection with USDC, a popular stablecoin pegged to the US dollar. In September 2023, USDC became officially available “natively” on the Base network. This means USDC is built directly into Base, offering faster transactions and lower fees compared to bridged versions. This seamless integration with a trusted stablecoin like USDC makes Base a more attractive platform for users and developers alike.
The recent boom in memecoins, particularly from the Base ecosystem like Brett and Mog Coin, has also played a role in attracting new users who are curious about the potential of decentralized finance (DeFi).
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