BASE OVERTAKES ARBITRUM FOR MOST ACTIVE ADDRESSES SO FAR THIS MONTH
The Ethereum layer-2 (L2) scaling wars are heating up, and there's a new contender vying for the crown. Base overtakes Arbitrum for most active addresses so far this month Coinbase layer-2 network Base has seen a strong start to April with active addresses outpacing Arbitrum. 3 Total views Listen to article 0:00 News Own this piece of crypto history Collect this article as NFT The Coinbase-supported Base network has now surpassed Arbitrum as [ ]Forget about the usual suspects for a moment – the spotlight is now firmly on Base, the Coinbase-incubated network.For the first nine days of April, Base has surged ahead of established player Arbitrum One in terms of active addresses, signaling a significant shift in the L2 landscape. Base overtakes Arbitrum for most active addresses so far this month Verwandte Nachrichten. Polygon briefly overtakes Ethereum for active addresses after 330% surge cointelegraph.com; C Coinbase Layer 2 Base Overtakes Optimism in Daily Active Users as Friend.Tech Hype Soars coindesk.com; Arbitrum airdrop sees 1,500 addresses consolidate $3.3MWith over 1.48 million new active addresses flocking to Base compared to Arbitrum's 1.43 million, the network is experiencing explosive growth. Base has seen over 1.48 million new active addresses over the first nine days of April narrowly beating out Arbitrum One with 1.43 million active addresses, according to data from growthepie.But what's driving this sudden surge in popularity?Is it simply a flash in the pan, or does Base have the staying power to maintain its leading position?This article dives deep into the data, explores the reasons behind Base's success, and examines what this means for the future of Ethereum scaling solutions and the broader crypto ecosystem. The Coinbase-supported Base network has now surpassed Arbitrum as the leading Ethereum layer-2 network by active addresses this month. Base has seen over 1.48 million new active addresses over the first nine days of April narrowly beating out Arbitrum One with 1.43 million active addresses, according to data from growthepie. Ethereum scaling solutions zkSync [ ]We'll also look at the total value locked (TVL) and the move to stage 1 maturity.
Base's Explosive Growth: A Deep Dive
The numbers don't lie.Base's rapid ascent to the top of the L2 charts in terms of active addresses is undeniable. この記事は「Base overtakes Arbitrum for most active addresses so far this month」を参考にしています。 投稿日時: 著者: CoinPartner 編集部 kentaAccording to data from Growthepie, the network has witnessed an influx of over 1.48 million new active addresses in the first nine days of April.To put this into perspective, this narrowly edges out Arbitrum One, which recorded 1.43 million active addresses during the same period.
But what's fueling this explosive growth?Several factors seem to be at play:
- Coinbase's Backing: As a network incubated by one of the largest cryptocurrency exchanges in the world, Base benefits from significant brand recognition and access to a vast user base.Coinbase's support provides a level of trust and legitimacy that can be difficult for other L2 solutions to achieve.
- Developer-Friendly Environment: Base aims to be a highly accessible and developer-friendly platform, encouraging the deployment of innovative decentralized applications (dApps).This attracts developers who are looking to build on a scalable and cost-effective network.
- Low Transaction Fees: Like other L2 solutions, Base offers significantly lower transaction fees compared to the Ethereum mainnet.This makes it more attractive for users who are frequently interacting with dApps or trading tokens.
- Integration with Coinbase Products: The close integration with Coinbase's existing products and services, such as their wallet and exchange, allows for seamless onboarding and a user-friendly experience.
Base vs. Coinbaseのレイヤー2ネットワークBaseは4月、アクティブアドレスがArbitrumを上回り、好調なスタートを切った。Arbitrum: A Comparative Analysis
While Base has overtaken Arbitrum in terms of active addresses for the first part of April, it's important to understand the nuances of this comparison.Arbitrum has long been considered a leading L2 solution, boasting a robust ecosystem and a large user base.So, what are the key differences between these two networks?
Active Addresses vs.TVL
While active addresses provide a snapshot of network usage, Total Value Locked (TVL) offers another important perspective.As of the latest data from DefiLlama, Base's TVL sits at $2.49 billion, slightly ahead of Arbitrum's $2.41 billion. The explosive growth of Base is evident with the addition of over 1.48 million new active addresses in just the first nine days of this month. This narrowly surpasses Arbitrum One, which recorded 1.43 million active addresses in the same period.This suggests that while Base is attracting a large number of active users, it's also becoming a significant hub for DeFi activity. Coinbase-supported Base network surpassed Arbitrum as the leading layer-2 (L2) network by active addresses in April. Data from growthepie has revealed that Base has seen a surge of over 1.48 million new active addresses in the first nine days of the month.The TVL indicates the amount of assets being used within decentralized finance applications on the network.
Technological Differences
Both Base and Arbitrum are optimistic rollups, meaning they bundle transactions together and submit them to the Ethereum mainnet in batches. TRXUSD TRON Base overtakes Arbitrum for most active addresses so far this month. Coinbase layer-2 network Base has seen a strong start to April with active addressesThis reduces congestion and lowers transaction fees. Posted by u/Every_Hunt_160 - 4 votes and 25 commentsHowever, there are subtle differences in their underlying technologies.
Arbitrum utilizes a more complex fraud-proof mechanism, while Base relies on a more centralized sequencer.This trade-off allows Base to achieve faster transaction finality but also raises concerns about potential censorship or single points of failure.These are important differences to note when choosing which L2 solution to build on or use.
Community and Ecosystem
Arbitrum has a more established community and a larger ecosystem of dApps.Base is still relatively new, but it's rapidly growing its ecosystem with the support of Coinbase and its developer network.The vibrancy of an ecosystem is often a key indicator of a network's long-term success.
Base's Transition to Stage 1 Rollup: A Milestone
A significant development for Base is its transition from a Stage 0 to a Stage 1 level of maturity. Vitalik Buterin, the co-founder of Ethereum, had previously expressed concerns about the long-term viability of L2 rollups that remain at Stage 0.Reaching Stage 1 signifies a greater level of decentralization and security, addressing some of the initial concerns surrounding the network.
What does this mean in practice?Stage 1 rollups generally have a more robust fraud-proof system and a more decentralized sequencer, making them less susceptible to censorship or manipulation.This is a crucial step in building trust and confidence in the network's ability to function autonomously and securely.
The Implications for Ethereum Scaling
Base's success has significant implications for the broader Ethereum scaling landscape.It demonstrates the growing demand for L2 solutions that can provide faster and cheaper transactions.The competition between Base, Arbitrum, and other L2 networks is driving innovation and ultimately benefiting users.
Here are some key takeaways:
- Increased Adoption: The rise of L2 solutions like Base is making Ethereum more accessible and usable for a wider range of applications. Coinbase layer-2 network Base has seen a strong start to April with active addresses outpacing Arbitrum. The post Base overtakes Arbitrum for most active addresses so far this month appeared firstThis could lead to increased adoption of blockchain technology in general.
- Competition and Innovation: The competition between different L2 networks is fostering innovation and driving improvements in performance, security, and user experience.
- Shifting Power Dynamics: Base's emergence as a leading L2 network is challenging the established dominance of Arbitrum and Optimism, creating a more diverse and competitive landscape.
Frequently Asked Questions About Base and Arbitrum
What is an Ethereum Layer-2 Network?
An Ethereum Layer-2 network is a separate blockchain that builds on top of the Ethereum mainnet (Layer-1). The Coinbase-supported Base network has now surpassed Arbitrum as the leading Ethereum layer-2 network by active addresses this month. Base has seen over 1.48 million new active addresses over the first nine days of April narrowly beating out Arbitrum One with 1.43 million active addresses, according to data from growthepie.L2 networks aim to improve scalability by processing transactions off-chain and then settling them on the mainnet.This results in faster transaction speeds and lower fees.
What are the benefits of using Base or Arbitrum?
The primary benefits of using Base or Arbitrum are:
- Lower Transaction Fees: Significantly reduced transaction costs compared to Ethereum mainnet.
- Faster Transaction Speeds: Quicker transaction processing times.
- Improved Scalability: Enhanced scalability for Ethereum applications.
How do I start using Base or Arbitrum?
To start using Base or Arbitrum, you will typically need a compatible wallet (such as MetaMask) and some ETH to pay for gas fees.You can then bridge your ETH to the respective L2 network using a bridge application.
Is Base more centralized than Arbitrum?
Currently, Base relies on a more centralized sequencer compared to Arbitrum.However, the team is working towards decentralizing the sequencer in the future.The fraud-proof mechanisms also differ.
What are the risks of using L2 networks?
While L2 networks offer significant benefits, they also come with certain risks, including:
- Smart Contract Risks: As with any blockchain application, there is a risk of smart contract vulnerabilities.
- Bridge Risks: Bridging assets between different chains can be complex and potentially risky.
- Centralization Risks: Some L2 networks may be more centralized than others, which could lead to censorship or manipulation.
The Future of Base and the L2 Landscape
Base's recent surge in popularity is a testament to the growing demand for scalable and affordable Ethereum solutions.While it remains to be seen whether it can maintain its leading position in the long term, its success is undoubtedly shaking up the L2 landscape.With ongoing development, a strong focus on developer accessibility, and the backing of Coinbase, Base has the potential to become a major player in the future of Ethereum scaling.
The competition between Base, Arbitrum, and other L2 networks is likely to intensify in the coming months and years.This will drive innovation, improve user experience, and ultimately benefit the entire Ethereum ecosystem. etf 스토어 사장: 다음 주 이더 현물 etf 출시 예정Keep an eye on this space – the race for L2 dominance is just getting started. Coinbase layer-2 network Base has seen a strong start to April with active addresses outpacing Arbitrum.Consider exploring Base and its dApps.This could involve setting up a wallet compatible with Base, bridging some ETH, and trying out some of the applications built on the network.Experiment with different L2 solutions to see which one best fits your needs.
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