Coinbase’s Base Ecosystem: A Data-Driven Look at Its Growth and Key Metrics
Launched in August 2023, Coinbase's Base, an Ethereum Layer 2 network, has rapidly gained traction and showcases a significant uptick across a set of key metrics. Over the past 20 months, Base has extended its reach into decentralized finance, artificial intelligence, and consumer social media—a trifecta of market segments poised to make the most of its capabilities. By sizing the Base ecosystem and taking stock of its chain data, we can get a clear sense of where this new blockchain is headed and the next kinds of opportunities its backers can expect. Base’s Economic Growth: The Chain’s GDP and Top Contributors One of the most vital signs of any blockchain's success is its Gross Domestic Product (GDP), which mirrors the total of all fees amassed by the applications on the chain. Base's GDP stands at a staggering $758.7 million, making […]
