Coinbase-incubated Layer 2 Base sees daily active users surge, boosted by

Quick Take

  • The number of daily active users on Base surpassed 100,000 for the first time yesterday.
  • The surge in new users may be partly attributed to social network

The number of daily active users on the Coinbase-launched Layer 2, Base, surpassed 100,000 for the first time yesterday.

The metric topped 136,000 after reaching just under 100,000 the day prior — and is on pace to reach a new high today — according to data organized by TK Research on Dune.

The surge in activity may be attributed to a new social network project called — a Twitter-connected app that allows users to trade "shares" of other users. Owning a share of a user on provides both access to that user's content, as well as the ability to message that user.

Choosing Base for brand awareness


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When asked about the choice to develop and launch on Base,'s founder — known as "Racer" — told The Block that, though "most of the major L2s are pretty developer friendly, the main draw of Base was Coinbase being a trusted brand that we thought most people would feel comfortable using."

Base is a Layer 2 blockchain on Ethereum that aims to provide a secure, low-cost and developer-friendly way to build on-chain. It has been incubated inside the crypto exchange Coinbase and is built on the OP stack in collaboration with Optimism.

Base officially opened to the public — with over 100 apps and service providers — on Aug. 9.

About's early popularity on the still-new Base, Racer also said: "We love the Base team; they have great energy. I think things are just getting started on there."

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Before joining the blockchain and crypto industry, he worked for, and He tweets via @XBT002 and can be emailed at [email protected].


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