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Base network hits record with over 21,000 smart contracts in a day

TL;DR

  • Base network achieves remarkable daily contract deployment record.
  • Economic activity peaks with $164,618 in fees.
  • Developer engagement signals a strong, ongoing growth trajectory

The Base network, a blockchain platform, has broken a new record by registering a peak number of smart contract developers. According to Token Terminal’s data, a new history of contract deployers reached 21,700 in a day. That means that the network is fully operational and alive, and the active participation of users is stable and growing.

Base network surge in developer interest and activities

This record-breaking surge not only follows the growing trend of developers becoming more interested and involved in the Base network but also reveals the decent success of its platform in drawing developers to its network. ‘contract deployers’ applies to all of the number of externally owned accounts (EOAs) used to start the process of developing smart contracts, a critical activity for blockchain development.

Nicolas Pollak, head of the Base protocol, has demonstrated a clear idea of what incentives the network will provide, i.e., the goals aimed at 1 million developers. Even though the current numbers are quite far from that bold goal, he believes and says he feels steady progress, which leads to more developer engagement. 

Through Pollak’s dream, the protocol targets one million developers, one billion users, and on-chain activities. This just showcases the very progressive and growth-embracing architecture of the Base network.

A growing economic force in blockchain

Economics related to the blockchain network were noticeable on that day since the associated fees with the deployments were 164,618. The range and the volume allow other operators to see how valuable this blockchain network is, and in turn, it will become an increasingly important part of the industry.

The Base network appears destined for a steady position and magnitude. Its developer-friendly model and big-picture vision for realizing mass-scale deployment are behind this. The network is thus game-changing in the evolving blockchain landscape. With this year’s mark occurring, considering the record accomplishment of 22,000 developers launching applications daily to reflect its appeal and functionality in generating an active developer community.

The Base network has shown its strategic achievements, which signifies a robust platform with great potential for more growth. Alongside blockchain technology’s ongoing progress and development, the atom set of the network’s focus on developer involvement and widespread deployment might be a crucial element in the trajectory of the Base network toward turning into a standard hub for blockchain innovation and app development.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Emman Omwanda

Emmanuel Omwanda is a blockchain reporter who dives deep into industry news, on-chain analysis, non-fungible tokens (NFTs), Artificial Intelligence (AI), and more. His expertise lies in cryptocurrency markets, spanning both fundamental and technical analysis.

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