Base crypto is exploding in activity due to the sensational hype surrounding Base meme coins, and now the Coinbase L2 has pipped Arbitrum as the Dogeverse presale accelerates to a fever pitch.
In the Ethereum layer-2 landscape, Coinbase’s Base chain has quickly emerged as a new leader – with dramatic growth in active addresses.
By April 9, Base had flipped Arbitrum, a long-standing leader, in the number of unique users in the past 24 hours. The resurgent platform had over 450,000 addresses, nearly 50% more than Arbitrum, at around 306,000.
Base Chain Takes the Lead Over Arbitrum in Active Users Growth
Looking at data, the number of active addresses on Base has been increasing rapidly since late December 2023.
To quantify, Base had roughly 60,000 active addresses on December 23. However, this has growing +900% in the last three months, rising to over 450,000 at press time.
At this pace, Base has also flipped zkSync Era (3.01 million) and Optimism (2.13 million) – emerging as a dominate force within the Ethereum scaling market.
Meanwhile, Starknet and Polygon zkEVM have seen significant drops in active addresses during this period, falling -55% and -25%, respectively.
Why Is Base Crypto Exploding? Meme Coin Mania Driving Growth
The upsurge in the number of active addresses on Base is due to meme coin activities, which have seen an explosion in activity in recent weeks.
Coinbase’s layer-2 hosts leading meme coins like Brett (BRETT) and Degen (DEGEN), which, according to CoinGecko, have market caps of $680 million and $475 million, respectively.
At the heart of this uptick in meme coin interest, is the growing demand for meme coin presales, which offer retail investors the best opportunity to make it big by getting an early-bird advantage over the next skyrocket.
One such presale with viral traction on Base, Dogeverse (DOGEVERSE), a new multi-chain dog-themed meme coin project with an active presale that has currently raised over $353k in just hours.
The meme coin is deploying its highly anticipated presale across multiple chains, including Ethereum, Avalanche, Base, and Solana.
The project’s developer said this approach democratizes access, and anyone can acquire the coin, turbocharging growth – becoming a force across the crypto market.
#DOGEVERSE is soaring through the multichain universe today! 🚀
Raising over $300,000! 💰#Cosmo extends his gratitude to all the #Doge lovers for their support! 🐕
Onto the next one! 🔥 pic.twitter.com/EXTY6AhAuN
— DogeVerse (@The_DogeVerse) April 9, 2024
Looking at events in the market, the in-demand Dogeverse presale will likely reap massive benefits as more users flock, searching for potent meme coins.
Supporters claim Dogeverse could be the next BONK and BOME, securing a $1 billion market cap in the coming weeks.
Don’t miss out on the next pump – follow Dogeverse on X to get the latest news and connect with the presale community on Telegram.
Join The DOGEVERSE Presale Here
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
