Base Layer 2 activity doubles competitors with over 1.2 million daily active addresses

The Coinbase-incubated Layer 2 network – Base – is experiencing a significant increase in daily activity, suggesting growing interest and adoption amid improved sentiment in the broader market.

The main network Base also saw a recovery in its TVL after almost two weeks of decline.

Base layer growth 2

Over the past week, Base has seen a notable increase in user engagement, culminating in 1,220,883 daily active addresses on July 22.

According to IntoTheBlock’s latest findings, this number is more than double that of its nearest competitors, with Arbitrum recording 494,214 daily active addresses and Optimisme reaching 445,222 on the same day.

The Base mainnet, which went public last August, has since become one of the key networks in Layer 2. Interestingly, Arbitrum continues to dominate the chart in terms of total value locked (TVL) with $18.07 billion, according to L2BEAT data.

However, Base is not far behind, having achieved the second position. While the network’s TVL figure witnessed a significant decline in the first two weeks of July amid a broader market pullback, it has since recovered and currently sits above 7,300 million dollars on July 23. In the last three months alone, TVL on Base has increased by almost 60%.

Meanwhile, Optimism followed closely behind with $6.86 billion.

Base chain donation platform for US politicians

An on-chain donation platform has been designed to allow US politicians to accept crypto contributions directly on the Base network.

As revealed by Jesse Pollak, the leader of the Base network, this new platform in question supports donations in more than 240 crypto assets, including major ones like Bitcoin and Ethereum, in addition to traditional credit card payments.

It also features a faster and more secure donation method, while maintaining full compliance with US regulations. The platform also claims its commitment to privacy by collecting only the minimum amount of information necessary to meet compliance standards.

This initiative aims to streamline the donation process, making it more accessible and efficient for both donors and political campaigns.

“Today, the future of digital currencies is being negotiated in Washington DC By supporting blockchain-enabled candidates through cryptocurrency, you are advocating for the future of currencies online. Donate today. Be part of the larger cryptopolitical movement “.

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