FriendTech’s Base blockchain achieves record-breaking daily active users

In a significant development for the blockchain industry, Friend.Tech’s Base blockchain has surpassed Optimism in terms of daily active users. The social network platform, built on Coinbase’s layer 2 blockchain, achieved a record high of 136,000 daily active users, indicating a surge in its popularity. This milestone places Base in close competition with Arbitrum, which currently boasts a total of 147,000 daily active users.

FriendTech and its unique features driving the platform’s success

Having received approximately $175 million in cryptocurrencies since its inception, Base has captured the attention of users who are eagerly participating in its community-driven ecosystem. One notable feature driving this frenzy is Friend.Tech, a social network that facilitates the trading of shares linked to popular Twitter figures. Beta-mode access to this platform is granted via a valid sign-up code, while speculation surrounding an impending token release has further fueled the excitement. The recent spike in sign-ups temporarily caused server downtime, underscoring the overwhelming demand.

Base’s triumph and the broader implications for layer 2 blockchains

Base, an Ethereum layer 2 blockchain incubated by Coinbase and utilizing the Optimism software stack, has rapidly gained traction within the industry. The platform’s success signifies the growing adoption of layer 2 technologies, allowing for scalable and efficient blockchain solutions. With Base’s impressive performance, it is clear that the potential of layer 2 blockchains extends beyond just enhancing transaction speeds; it can revolutionize social networks, token economies, and the overall user experience in the world of decentralized applications.

Read More Here https://www.coindesk.com/markets/2023/08/11/coinbase-layer-2-base-overtakes-optimism-in-daily-active-users-as-friendtech-hype-soars/

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