Coinbase’s Layer-2 solution, Base, has recently garnered substantial attention by hosting nearly 4 million active addresses in a single week, as the Onchain Summer campaign progresses. Jesse Pollak, Base’s president, highlighted this achievement with data from Dune Analytics, showing a peak in weekly active users for the network.
What’s Driving the Base Network?
Pollak emphasized the significant milestone of over 4 million active addresses last week, driven by the Onchain Summer campaign, which promotes development on the primary network. This initiative follows the successful launch of the event in 2023, where it saw a notable increase in activity and engagement.
Last year, the Onchain Summer event led to the minting of over 700,000 NFTs by 268,000 wallets, with more than $242 million in crypto assets bridged to Base. Daily usage peaked at 130,000 unique wallets, demonstrating the campaign’s success in fostering blockchain adoption.
How is the 2024 Campaign Different?
Building on the previous year’s success, the 2024 event aims to inspire further development and creativity within the blockchain ecosystem. Base has allocated 600 Ethereum, worth $2 million, to reward participants who contribute to the network. The event spans from June to August, offering ample opportunity for developers to engage.
Concrete Benefits for Developers
The Onchain Summer campaign is not just about participation but also rewards and collaboration. Here are some specific takeaways:
– Access to $2 million worth of Ethereum for development projects.
– Opportunity to mint and trade NFTs on a growing network.
– Potential for increased visibility and user engagement through Base’s active community.
– Collaboration with established brands like AtariX, integrating classic games into the blockchain.
Conclusion
As Base’s Onchain Summer campaign continues, it signifies a significant push towards mainstream blockchain adoption. The substantial user engagement and developer incentives demonstrate the potential for sustained growth and innovation on the Base network. With ongoing events and rewards, Base remains a vital platform for blockchain enthusiasts and developers alike.