Base Emerges as a Standout L2 Blockchain, Outpacing Ethereum and Arbitrum in Key Metrics

Base, the Layer 2 blockchain developed by Coinbase, has emerged as a standout performer in the blockchain landscape, leveraging Optimism OP Stack technology to achieve impressive metrics.

Base, the Layer 2 blockchain from Coinbase, had an exceptional 2024, outperforming major competitors like Arbitrum, Optimism, and even Ethereum in terms of key metrics.

According to a recent Flipside report, Base recorded an average of 4.7 million new users each month, outpacing other leading chains. In October alone, Base contributed 13.7 million of the 19.4 million new users acquired across seven blockchain networks, including Bitcoin and Avalanche.

The platform’s growth was not limited to casual participants. Base also led in the increase of “super users” — individuals conducting at least 100 DeFi-related transactions monthly. By early December, Base recorded 15.1 million super users, compared to Ethereum’s 10.7 million and Polygon’s 7 million.

Base’s success is largely attributed to the strength of the Coinbase ecosystem, which manages approximately $130 billion in assets. This integration allowed the platform to attract and retain a diverse user base. Additionally, Base’s targeted focus on high-demand sectors like memecoin trading and NFTs fortified its leadership position.

One of the most notable developments on Base was the growth of Uniswap, a leading decentralized exchange (DEX). Uniswap’s user activity on Base increased significantly, rising from 36.8% to 91.3% of total activity acquired on decentralized exchanges, highlighting Base’s capacity to support and enhance dApp functionality.