Base Layer 2 network, which was developed by Coinbase, has been experiencing a surge in daily activity, indicating a growing interest and adoption in the market. The mainnet of Base also saw an increase in its Total Value Locked (TVL) after a period of decline.
In the past week, Base has seen a significant rise in user engagement, with a total of 1,220,883 daily active addresses on July 22nd. This number is more than double that of its closest competitors, Arbitrum and Optimism, which recorded 494,214 and 445,222 daily active addresses respectively on the same day.
Although Arbitrum leads in terms of TVL with $18.07 billion, Base has secured the second position with a TVL of over $7.3 billion as of July 23rd. The network experienced a decrease in TVL during the first two weeks of July due to a market pullback, but it has since recovered and witnessed a 60% surge in the past three months. Optimism closely follows with a TVL of $6.86 billion.
Moreover, Base has introduced an on-chain donations platform for US politicians, allowing them to accept crypto contributions directly on the network. This platform supports donations in over 240 crypto assets, including popular ones like Bitcoin and Ethereum, as well as traditional credit card payments. It provides a faster and more secure donation method while ensuring compliance with US regulations and prioritizing privacy by collecting only necessary information.
The platform aims to simplify the donation process, making it more convenient for both donors and political campaigns. By supporting blockchain-friendly candidates through cryptocurrency donations, individuals can contribute to the future of digital currencies and be part of the evolving crypto-political movement.
In conclusion, Base Layer 2 network has shown significant growth in daily activity and TVL, positioning itself as a key player in the Layer 2 space. With innovative features like the on-chain donations platform for US politicians, Base is striving to make crypto contributions more accessible and efficient. As the crypto market continues to evolve, Base’s developments and initiatives are worth keeping an eye on for potential future advancements.