Coinbase Ethereum layer 2 Base’s daily transaction volume surges 22 times

Base launched in 2023 and has grown significantly in many areas, becoming a platform that is easy to use and affordable for both users and developers.

In 2024, Base experienced a significant rise in daily transaction volumes, going from about 415,000 transactions per day in December 2023 to around 9.4 million by November 2024. This 22-fold increase shows more users are engaging and being active on the platform.

The total value locked (TVL) in the network increased from $745 million in June 2023 to $12.45 billion by December 2024. This growth was especially clear in standard assets, showing more money coming in.

The number of developers working on revenue-generating contracts on Base increased significantly, from 634 in January 2024 to 2,649 by December 2024. More developers are getting involved, showing that Base is becoming more popular and important in the crypto market.