Base Contract Deployers In A Single Day Reached 21,700, A New Record High

Key Points:

• Base contract deployers achieved record highs with 21,700 in a single day, signaling significant growth in developer activity.
• Led by Jesse Pollak, Base, a Layer 2 chain developed by Coinbase, offers a secure and cost-effective environment for decentralized app creation.
• Base’s TVL is nearly $2 billion, positioning it as the fourth-largest layer-2 protocol on Ethereum, surpassing established competitors.

In a recent surge, the Base contract deployers witnessed a remarkable milestone as the number soared to 21,700 in a single day, marking a record-breaking high, as reported by Token Terminal.

Base Contract Deployers Hits Milestone

Led by Jesse Pollak, Base protocol’s head, the ambitious target was to attract 1 million developers to the platform. Base, an Ethereum Layer 2 (L2) chain crafted by Coinbase, utilizes OP Stack, an open-source Layer 2 scaling solution. It operates as an optimistic rollup chain, offering a secure, cost-effective, and developer-centric environment for decentralized app (dApp) creation.

Since its official launch in August 2023, Base has facilitated the transfer of over $1.4 billion in Ethereum (ETH) via its smart contract bridge despite lacking a user-friendly interface.

Base Vaults to Fourth-Largest Ethereum Layer-2 Protocol

Apart from the surge in Base contract deployers, the ecosystem also reflects positive indicators such as active users, transaction volume, and Total Value Locked (TVL).

Currently, the network’s TVL approaches $2 billion, positioning Base as the fourth-largest layer-2 protocol in terms of locked value on Ethereum. This achievement surpasses previously prominent platforms, including Starknet, Immutable X, Mantle, and Polygon zkEVM.

The continuous influx of new users underscores Base’s growing appeal and highlights its rising prominence within the Ethereum ecosystem. With its robust infrastructure and burgeoning user base, Base remains poised for further expansion and innovation in the realm of decentralized applications.