There’s one project that refuses to let up.
Base's transaction count has maintained momentum through the fourth quarter. It consistently processes over 8 million daily transactions and distinguishes itself among optimistic rollups.
Since March, the network has demonstrated steady growth, with transaction volume increasing from approximately 500,000 to over 7.5 million daily transactions by December. This growth trajectory contrasts with other optimistic rollups, which have shown more modest transaction patterns during the same period.
The platform's ecosystem has shown particular strength through the Virtuals protocol, the AI agent platform. Virtuals-related tokens have accumulated a combined market capitalization of $3 billion, establishing Base as a significant hub for new token launches of this kind.
Recent activity also includes MegaETH’s mega raise on Echo, which secured $10 million in just three minutes, making it the largest raise on the platform.
Base's core development team is also looking to scale Base as they announced plans to implement Reth for scaling solutions. Current scaling challenges include growing storage requirements of approximately 500GB per week for archive nodes and extended node provisioning times of up to 15 hours. The transition to Reth aims to address these scaling concerns while maintaining the network's commitment to operational transparency and community involvement.
The network's total value locked has grown to exceed $3.5 billion, reflecting sustained ecosystem development and user confidence despite broader market volatility.
This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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