Current Status and Ecosystem Analysis of Coinbase-Backed Base Layer-2 Network

Popular Layer-2 network Base, backed by Coinbase, has experienced a loss of momentum in the recent crypto market pressure led by Bitcoin. The Base ecosystem has faced challenges such as volume losses in the NFT market and rug-pull scams. However, it showed some positive signals as transaction revenues surged to $404,697 on April 15. The daily active user count dropped to 298,000 on April 14, but rose to 321,000 the following day. Current Dynamics of the Base Ecosystem The Base ecosystem showed fluctuations in metrics such as daily transaction count and transactions per second (TPS). While a low level was recorded with 2.6 million transactions on April 13, signs of recovery were shown with 3 million transactions on April 15. TPS data dropped to 30.58 on April 13, but rose to 34.96 two days later, maintaining its leadership in the Ethereum ecosystem. NFT and Token Market in the Base Ecosystem […]

Current Status and Ecosystem Analysis of Coinbase-Backed Base Layer-2 Network

Popular Layer-2 network Base, backed by Coinbase, has experienced a loss of momentum in the recent crypto market pressure led by Bitcoin. The Base ecosystem has faced challenges such as volume losses in the NFT market and rug-pull scams. However, it showed some positive signals as transaction revenues surged to $404,697 on April 15. The daily active user count dropped to 298,000 on April 14, but rose to 321,000 the following day.

Current Dynamics of the Base Ecosystem

The Base ecosystem showed fluctuations in metrics such as daily transaction count and transactions per second (TPS). While a low level was recorded with 2.6 million transactions on April 13, signs of recovery were shown with 3 million transactions on April 15. TPS data dropped to 30.58 on April 13, but rose to 34.96 two days later, maintaining its leadership in the Ethereum ecosystem.

NFT and Token Market in the Base Ecosystem

The Based punks collection has attracted attention in the NFT and token markets. According to Parsec data, it stood out with a volume of 89.9 Ethereum in the last 24 hours. The value of this collection increased with the interaction of the Base team and OpenSea. According to Dex Screener data, token trading in the Base ecosystem fluctuated, with a transaction volume of 542.2 million recorded in the last 24 hours.

Useful Information for Readers

Fluctuations in the daily active user count of the Base Layer-2 network demonstrate investors’ sensitivity to market activity.
The volume increases seen in NFT collections indicate the popularity of certain projects and potential investment opportunities.
The recovery in TPS and transaction counts demonstrates the network’s technical capacity and sustained user interest, revealing its health and potential growth.

In conclusion, despite facing various challenges and momentum losses, the Base ecosystem is showing signs of recovery with some positive developments. Especially the activities in the NFT and token markets indicate the sustainability and dynamism of the ecosystem.

how to buy crypto?
Related Posts

do you really trust these bitcoiners

News 2 months ago

Discover the factors impacting trust in Bitcoiners and learn how to assess and build trust in the Bitcoin community. Understand the challenges to trust in Bitcoiners.In the world of cryptocurrency, Bitcoin has become a hot topic of discussion, and those involved in the Bitcoin community often refer to themselves as “Bitcoiners.” With the increasing popularity of Bitcoin, the concept of trust within this community has become a crucial aspect to consider. As a blogger in the cryptocurrency space, it’s important to examine the dynamics of trust within the Bitcoin community. In this blog post, we will delve into the various subtopics related to the trustworthiness of Bitcoiners, such as understanding what trust means in the context of Bitcoin, assessing the factors that impact trust in Bitcoiners, exploring the challenges to trust within the Bitcoin community, and discussing strategies for building and maintaining trust. Ultimately, the goal of this post is […]

do you really trust these bitcoiners beware

News 2 months ago

Learn about Bitcoin, cryptocurrency, and how to protect your investments from scams. Can you trust Bitcoiners? Find out here.Are you thinking about investing in Bitcoin or other cryptocurrencies? With the increasing popularity of digital currencies, it’s important to have a solid understanding of the world of cryptocurrency and the potential risks involved. In this blog post, we will delve into the basics of Bitcoin, explore the world of cryptocurrency, discuss the issue of trusting Bitcoiners, and provide tips for identifying scams and protecting your investments. While Bitcoin and other cryptocurrencies can offer exciting investment opportunities, it’s crucial to be aware of the potential for scams and fraud within this rapidly evolving market. By being informed and vigilant, you can make informed decisions about your investments and protect yourself from potential risks. So, before you trust just any Bitcoiner with your hard-earned money, read on to learn how to navigate the […]

how much is 0.29 bitcoin

News 2 months ago

Learn about the factors affecting Bitcoin’s value, current market trends, and strategies for investing in 0.29 Bitcoin. Understand Bitcoin’s worth today.Are you curious about the current value of 0.29 Bitcoin? In today’s digital age, Bitcoin has become a hot topic, with its value constantly fluctuating. Understanding the factors that affect Bitcoin’s price and the current market trends can help you evaluate the worth of your investment. In this blog post, we will delve into the various aspects of Bitcoin value, including the factors that influence its price and the strategies you can employ for Bitcoin investment. Whether you’re a seasoned investor or just starting out in the world of cryptocurrency, it’s essential to stay informed about the value of your Bitcoin holdings. So, let’s explore how much 0.29 Bitcoin is worth and what you can do to make the most of your investment. Understanding Bitcoin Value Bitcoin value is a […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $65,026.00-0.03%
  • ethereumEthereum(ETH)
    $3,517.41-1.40%
  • tetherTether(USDT)
    $1.00-0.03%
  • binancecoinBNB(BNB)
    $592.35-1.56%
  • solanaSolana(SOL)
    $134.06-1.28%
  • staked-etherLido Staked Ether(STETH)
    $3,516.27-1.56%
  • usd-coinUSDC(USDC)
    $1.000.04%
  • rippleXRP(XRP)
    $0.489577-0.77%
  • dogecoinDogecoin(DOGE)
    $0.1243570.95%
  • the-open-networkToncoin(TON)
    $7.132.65%
Random