21 posts • ChatGPT (GPT-4o)
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Base, a Layer 2 blockchain developed by Coinbase, has achieved significant growth, surpassing 11 million daily transactions for the first time, including a 4,620% year-over-year increase to 10.45 million daily transactions. This marks a nearly 50-fold rise in transaction volume over the past year. The surge is attributed to the rising popularity of AI agents and AI memecoins, which have fueled activity on the platform. Base now boasts a total value locked (TVL) of $3.56 billion and a record-breaking transaction rate of 107.7 transactions per second. Additionally, over one million active addresses were recorded within a 24-hour period. The broader AI agent sector in crypto has reached a market cap of $7 billion, with tokens like GOAT, ZEREBRO, and AIXBT among the top performers. Virtuals, a protocol for tokenized AI agents on Base, has also gained traction, with its token entering the top 100 in market rankings. Agent_Algo has contributed $6 million in volume to Base within 24 hours.