After a long period of dominance, Coinbase L2 Base has now taken a back seat among its peers in the Ethereum [ETH] L2 scaling
The emergence of a Social Finance app on Avalanche seems to have affected Base activity negatively. As a result, other L2s are outpacing the project.L2 scaling ecosystem. According to data shared by Chris Burniske, the unique daily active addresses that interacted with Base on 6 October was 74,850.which only recorded 57,990 active users within the same period. While there could be many reasons for Base’s decline, one obvious one is the activity on the decentralized social network Friend. tech.
For the past few weeks, Friend.tech, which operates on the Base network, recorded a surge in fees, revenue, and Total Value Locked .] seems to have taken the shine off Friend.tech. Hence, the effect of the shift appeared to have been reflected in the Base network. Despite having impressive active addresses, the network growth on Arbitrum was nothing to be excited about. Network growth shows the number of new addresses being created on a network daily.was 940. This means that user adoption over time was low. It was a similar situation with Optimism, whose network growth was down to 738, meaning that traction on the OP Mainnet was not exactly splendid.zkSync, on the other hand, could not replicate the hike in active users on its TVL.
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