Categories: MarketsMenafn

Base Sees $15 Million Revenue in January After Recording Near 600% YoY Growth

Coinbase’s Layer-2 Ethereum scaling solution Base has seen its revenue top the $15 million mark in January after growing by 593% year-over-year, with data showing that the surge comes amid a decline in daily transactions.

According to data from cryptocurrency tracker GrowThePie, Base recorded revenue of $15.58 million over the past month, far above the revenue recorded by other Ethereum scaling solutions. Arbitrum One, according to the data, while Optimism saw $680 million in revenue,

Notably both Base and Arbitrum One saw a sudden revenue spike early in February, to the point that their daily revenue topped the $1 million mark for the first time ever in a single day at the same time.

Base and Arbitrum’s daily revenue.

Despite the growing revenue, data from crypto terminal Artemis shows that daily transactions on the network have been slowly declining,  from a peak above 13 million early in the year to now stand around 8 million. Late last year, it’s worth noting, the network saw significant stablecoin inflows.

Base’s Daily Active Addresses Decline

While revenue for Coinbase’s Layer-2 network grew, the number of daily active addresses has been steadily declining to the point several days have recorded less than one million daily active addresses.

For context, the network saw a surge in the metric earlier in the year to a 3 million high as trading volumes were growing. Total value locked on the network is also dropping, with DeFiLlama data showing its down from a near $4 billion record to around $3 billion at the time of writing.

The largest protocols by total value locked on the network remain decentralized exchanges Aerodrome and Uniswap with $900 million and $458 million respectively. These are followed by lending protocols Morpho, Moonwell, and Aave.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

$1 Memecoin Relaunches as Community-Led Movement Against Inflation and Dollar Erosion

London, United Kingdom, 29th July 2025, ZEX PR WIRE, A decentralized crypto protest is gaining…

3 hours ago

Predictino Launches Public PREDINO Presale to Bring AI Forecasting to Crypto Traders

London, UK, 29th July 2025, ZEX PR WIRE, Predictino, an AI-powered trading intelligence platform, has…

3 hours ago

Global Side Hustle Revolution: Remote Workers Flock to InvroMining Cloud Mining, $100 Daily Earnings Becoming the New Normal

London, UK, 28th July 2025, ZEX PR WIRE, Globally, “telecommuting” and “digital side hustling” are…

13 hours ago

EarnMining app brings stable daily BTC rewards regardless of BTC price fluctuations

New York, 28th July 2025, ZEX PR WIRE, Although market forecasts suggest substantial growth, Bitcoin’s history…

13 hours ago

300,000 ETH Withdrawn from Exchanges: Find Mining Launches Zero-Entry Cloud Mining with Potential Daily Earnings up to $12,000

Amid significant ETH outflows from exchanges, Find Mining unveils an innovative cloud mining platform designed…

13 hours ago

Whale Sells 80,000 BTC, Sparking Panic: SunnyMining Launches BTC Cloud Mining Contracts to Turn Bitcoin into Daily Passive Income

San Francisco, California, 28th July 2025, ZEX PR WIRE, A major early Bitcoin whale recently…

13 hours ago