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Linea's 7-day user activity density surpasses previous records

Increased daily active users on Base and Linea platforms reach unprecedented 7-day averages.

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Linea's Seven-Day User Engagement Hits All-Time Highs
Linea's Seven-Day User Engagement Hits All-Time Highs

Linea's 7-day user activity density surpasses previous records

Base, a layer 2 blockchain, and Linea, a scaling solution for Ethereum, have witnessed a significant increase in activity recently. This surge can be attributed to several key factors, including meme coins, incentive programs, high transaction throughput, economic incentives, multi-chain interoperability, and expanding ecosystem partnerships.

According to DEX Screener data, meme coins such as Degen, Brett, and Mister Miggles are dominating the most traded tokens on Base. Moreover, out of the top 100 Base tokens by trading volume, 98 are meme coins. Meme coins seem to be the main driver behind Base's surge in activity.

On the other hand, Linea has the highest number of active wallets among all layer 2 networks, surpassing Arbitrum One and Base in July. Data from Artemis indicates that Linea's increase in active addresses is driven by decentralized finance (DeFi) and wallet-to-wallet activity.

The total value locked (TVL) in DeFi dapps on Linea is currently at $738 million, inches away from the record high set on June 10. Linea saw its TVL update the record high on July 2 at over $752 million. The increase in active wallets on Linea is driven by DeFi activity, especially on DEXs like NILE, Lynex, and PancakeSwap.

Uniswap accounts for 75% of active addresses on Base in the last month, with Base's 7-day average of daily active users at 738,400, marking a new record. Base set a new daily record on July 20 with over 806,000 active users.

Linea emphasizes staking Ether directly on its network to earn rewards without token conversion, aiming to strengthen Ethereum’s ecosystem. It also commits to burning a portion of fees on Ethereum mainnet to increase scarcity and supports fair token distribution mainly to users and developers rather than insiders. This alignment encourages long-term commitment from Ethereum's community and retail investors, helping to sustain and grow active user participation.

Linea positions itself to create strong network effects by interoperating with multiple blockchains using similar technology, supported by an ecosystem spanning DeFi protocols, NFTs, infrastructure, and AI, attracting diverse users. This comprehensive ecosystem development helps maintain active user interest beyond incentives.

In summary, the increase in active addresses on Base and Linea is fueled by a combination of strong transaction activity, incentive programs that boost early adoption, alignment with Ethereum’s economic model and ecosystem, and expanding ecosystem partnerships that create network effects encouraging sustained engagement.

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