Coinbase‘s Layer 2 Blockchain Base officially surpassed 100,000 daily active users for the first time on August 10, just one day after its official launch. The increase in active users is partially attributed to the friend.tech social network.
The Rise of Coinbase’s Base
Coinbase’s Layer 2 Blockchain Base reached an important milestone by surpassing 100,000 daily active users on August 10. According to data from TK Research on Dune, the metric, which had dipped just below 100,000 the previous day, exceeded 136,000 and is on track to reach a new peak today.
The increase in network activity is associated with the launch of a new social network project called friend.tech, which allows users to swap each other’s posts. Owning a user’s post on friend.tech provides access to their content and enables messaging with that user.
Base Chosen for Brand Awareness
The founder of friend.tech, known as “Racer,” said, “While most big Layer 2s are quite developer-friendly, the main appeal of Base was that Coinbase is a trusted brand that most people feel comfortable using.” Racer also mentioned, “We love the Base team; they have great energy. I think everything is just getting started there,” regarding the popularity friend.tech has achieved on the new Base platform.
Base stands out as a Layer 2 Blockchain aiming to provide a secure, low-cost, and developer-friendly way to build on Ethereum. Base, which was incubated at the US-based major cryptocurrency exchange Coinbase, is built on the OP stack through a collaboration with Optimism (OP).
Coinbase officially launched the mainnet of Base Blockchain on August 9, along with over 100 applications and service providers.
