Base growth surges in Q4-2024

Base is a blockchain project that is seeing tremendous growth. In Q4-2024, the number of transactions on the network remained at over 8 million transactions per day, which stands out from other layer 2 projects.

Since March, Base has seen a significant increase in trading volume, from 500,000 to more than 7.5 million transactions per day in December 2024. This growth outpaced other networks of optimistic rolllups, which recorded only modest 50-100% growth over the same period.

In October alone, Base attracted 13.7 million new users, far outpacing Ethereum's average of 1.56 million new users per month. This rapid growth has made Base the fastest growing blockchain chain, while Bitcoin, despite reaching the $100,000 mark, has struggled to attract new users, mostly focused on speculative interest.

Base not only attracts new users, but also has the ability to maintain active engagement. In 2024, Base attracted 15.1 million “super users” — those who executed more than 100 transactions, surpassing Ethereum's 10.7 million. This shows that Base not only attracts regular users, but also retains active users, making a significant difference from other platforms.

In the decentralized exchange (DEX) sector, Uniswap continues to consolidate its leading position as it accounts for 91.3% of user activity on Base.

The ecosystem of Base also stands out thanks to Virtuals protocol, the AI Agents project received a lot of attention in December 2024. Virtuals-related tokens have reached a total market capitalization of $3 billion, making Base an important hub for new tokens in the sector.

Another notable event is that MegaETH raised $10 million in just 3 minutes on the Echo platform, marking the largest fundraising on the platform.

Base's development team is also working to scale the network. Base is currently facing data storage challenges, with storage capacity increasing to 500GB per week for archive nodes, and node deployment times lasting up to 15 hours.

To address this issue, Base has announced plans to adopt Reth, a solution that aims to improve storage efficiency and deployment speed, while maintaining a commitment to transparency and community engagement.

The total value locked (TVL) on Base has exceeded $3.5 billion, indicating the evolution of the ecosystem and the growing trust of users, despite the great fluctuations of the market.