You see a $ 15 million revenue base in January after registering near 600 % on an annual basis – Cryptomode
The base of the Coinbase of Etherum Layer-2 of Coinbase has witnessed the highest mark of $ 15 million in January after its growth by 593 % year on year, with data clarification that the increase comes amid a decrease in daily transactions.
According to data from Cryptocurrency Tracker GrowthThe basis recorded revenues of $ 15.58 million over the past month, much higher than the revenue recorded by other ETHEREUM scaling solutions. The first definition, according to data, while optimism witnessed revenues of $ 680 million,
It is worth noting that Base and Serbitrum One witnessed a sudden rise in revenue early February, to the point that their daily revenues topped the sign of one million dollars for the first time ever in one day at the same time.
Despite the increasing revenues, data from the encryption station Artemis He explains that daily transactions on the network are slowly decreased, from a peak exceeding 13 million in the early year until they now stand about 8 million. Late last year, it should be noted that the network witnessed significant flows.
The daily active headlines of the base decreases
While Coinbase’s Layer-2’s revenue has grown, the number of daily active addresses has decreased steadily to this point, which has been recorded for several days less than a million active titles per day.
For the context, the network witnessed an increase in the scale earlier this year to 3 million heights with the growth of trading sizes. The total closed value of the network also decreases with Devilia Data A decrease from the record of $ 4 billion to about 3 billion dollars appears at the time of writing this report.
The largest protocols in terms of closed total value on the network remain decentralized for water exchanges and UISWAP at $ 900 million and $ 458 million, respectively. This is followed by these lending protocols Morpho, Moonwell and AAVE.
