A Based week: Looking back at the first 7 days of Onchain Summer
In just one week, Base has attracted hundreds of thousands of new users, attention from mainstay brands and artists, and unfortunately, scammers as well. It’s been an eventful week since Coinbase launched its new layer-2 network Base to the public, bringing with it a frenzy of activity from everyday crypto users, major brands, and more unfortunately, some bad actors as well. Coinbases’ On chain Summer festival — a three-week-long campaign celebrating the launch of Base — has seemingly attracted a flock of new users to the ecosystem. As of Aug. 16, more than 700,000 new users have joined the Base network, and have since bridged a total of $242 million to the network, according to data from Dune Analytics. Activity on the chain peaked on Aug. 10 with more than 136,000 daily active users. Total number of daily active users on Base. Source: Dune Analytics In total, the flurry of activity on the network has generated a staggering $2.8 million in fees and has seen the total value locked ...