Base’s daily active addresses reached 629,142 on October 21, a 30-day high and 82.5% above the preceding week’s median, growthepie data show. According to The Defiant, the jump on Coinbase’s Ethereum Layer 2 network coincided with a GMGN trading competition offering a $20,000 prize, announced on October 21, while a Base post dated October 22 says the track starts “TODAY” and runs through October 26.
Key takeaways
- Base’s active-address count exceeded its previous 30-day peak of 399,836.
- Transactions and user-paid fees increased less sharply than addresses.
- GMGN requires fresh competition wallets and bans wash trading.
Base’s daily active addresses break above the recent range
The October 21 count stood 82.5% above the seven-day median of 344,705 recorded from October 14 through October 20. The previous maximum in the 30-day comparison was 399,836, reached on September 30.
Growthepie’s comparison covers daily observations from September 22 through October 21. Each period uses UTC, with the latest reading covering the day that ended at midnight UTC on October 22.
Transactions and fees rise alongside address activity
Growthepie recorded 10.49 million transactions on October 21, up from 8.66 million the day before. User-paid fees climbed to about $113,703, compared with $81,878 on the previous day.
BaseScan’s daily export corroborated the direction of the transaction increase, though its totals differed: about 10.53 million on October 21 versus 8.70 million on October 20. Both transaction counts and fees rose less sharply than the active-address measure.
Active addresses do not measure unique users
The rise in Base’s daily active addresses measures activity at the wallet-address level, not the number of individual people using the network. Growthepie describes the measure as an address-level activity proxy.
The figures therefore show a broader set of active addresses alongside more transactions. They do not establish a matching increase in unique users.
GMGN competition start date
According to The Defiant, GMGN announced its Base trading competition on October 21, advertising a $20,000 prize for the track winner, while a Base post dated October 22 says the track starts “TODAY” and runs through October 26. Base promoted the competition the following day.
GMGN’s published rules require participants to register fresh wallets without prior trading history. Eligible trades must pass through GMGN and originate from registered competition wallets; the rules prohibit wash trading and coordinated trading between participants.
The competition’s Base track is scheduled to run through October 26.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.