The Base network, supported by Coinbase, has overtaken Arbitrum as the leading Ethereum layer-2 network by active addresses this month.
In the first nine days of April alone, Base has witnessed over 1.48 million new active addresses, narrowly surpassing Arbitrum One’s 1.43 million, according to data from growthepie. Ethereum scaling solutions zkSync Era and Optimism mainnet followed closely with 1.21 million and 650,000 active addresses, respectively.
Although Arbitrum One maintains a slight lead over Base in active addresses over the last 30 days, at 3.84 million compared to Base’s 3.76 million.
Starknet and Mantle experienced the most significant declines in active addresses, at 51% and 40% respectively, over the last 30 days.
Base achieved another milestone earlier this month by surpassing $4 billion in total value locked on the protocol, trailing only Arbitrum One and Optimism mainnet, according to L2BEAT.
With a transaction count of 53.1 million over the last 30 days, Base leads Arbitrum’s 41.2 million and Ethereum’s 37.9 million, as per L2BEAT data.
Base’s surge in active addresses partly stems from a recent memecoin frenzy on the Coinbase-supported network, although this popularity has also attracted scammers, resulting in an 18-fold increase in successful phishing scams from January to March, with $3.35 million stolen last month.
While Coinbase is the sole sequencer of Base, the exchange intends to progressively decentralize Base over time, despite recent challenges with scams and security vulnerabilities among Base memecoins.
