Quarter 2 holds significant importance for the Base team and the entire Base ecosystem. The focal point of Web3's interest revolves around Base's mainnet day. And to prepare for this momentous event, all the builders on Base are working hard to perfect every piece of the ecosystem.

Today, let's take a look back at the key highlights and achievements of the Base ecosystem in the 2nd quarter of 2023.

From the end of Q1, in just 3 months, Base Testnet has truly left its mark on on-chain metrics, particularly Total Transactions and Daily Active Users.

Impressively, the total number of transactions on Base has surged to an astounding 26 million, experiencing a remarkable increase of 16 million during Q2. To put this into perspective, it's 36 times higher than Starknet's 700K transactions and an impressive 16 times more than Scroll's 1.6 million transactions.

Furthermore, the number of unique users on Base has nearly doubled, rising from 1.4 million to an impressive 2.4 million during Q2. Such growth is truly noteworthy and showcases the platform's popularity and success.

Analyzing the Daily User on Base chart, it becomes evident that Base experienced a vibrant April, marked by a surge in interest from the web3 community. Following this, activities on Base Testnet, exemplified by the enthralling Base Builder Quest, where users deploy smart contracts on the Testnet, have been remarkably captivating, without any technical network issues.

Furthermore, the Daily Transaction on Base chart reveals a consistent and stable performance from its inception up to the present date.

The Base team had an incredibly bustling and fruitful Q2, as they meticulously prepared for the approaching Base mainnet day.

Throughout this period, the Base team has been diligently enhancing the infrastructure development, ensuring absolute seamlessness for the network and setting the stage for a triumphant mainnet launch. In line with celebrating crucial milestones on the journey to the mainnet, Base introduced some noteworthy NFTs, such as 'Base, Introduced,' 'Base Builder Quest,' and 'Path to Base Mainnet.'

The Base team is deeply involved in supporting Base development projects to ensure smooth deployment. Moreover, they regularly host Base Friday on Discord, offering insights into the projects that contribute to Base's platform development.

Beyond that, Base proactively engages with global Web3 communities through the Base Meetups series. This move aims to forge stronger connections with Web3 users while firmly promoting the ambitious objective of bringing 1 billion users to Web3 through detailed actions.

April

• Base representative - Zach Segal - came to Vietnam and Japan to meet the Web3 builder community.

• The first Base Friday on Base Discord

• Base introduced the Base Builder Quest NFT.

May

• Base Goerli Regolith Hardfork was successful.

• Base & Chainlink organized Web3 Art & Showcase at BTC Miami. 

• Base joined forces with Quicknode, AWS & Chainlink to organize the 4th QuickPitch Competition. 

• Base released 5 criteria needed for mainnet launch & introduced Path to Mainnet NFT.

• Base teamed up with Code4rena to host an audit competition with $100k USDC rewards.

June

• Base Meetups in LA with Developer DAO.

• Base Meetups in London, Amsterdam, Singapore, Zurich, Sydney, Melbourne.

• Base fulfilled 4/5 criteria for mainnet launch.

The Base ecosystem experienced a thrilling second quarter marked by remarkable progress in community development and successful onchain product development.

The number of projects on Base has been growing rapidly, drawing in a vast user base from all corners of Web3. Presently, the total count of projects on Base has exceeded 150, encompassing various categories, with DeFi and Dev Toolings standing out as the two most robust ones.

Overall, the DeFi category on Base has experienced rapid growth, with a plethora of projects offering various products like DEX, lending & borrowing, and derivatives. The DEX sector stands out significantly due to its abundance of projects, including high-quality and community-driven ones like DackieSwap, Aerodrome, and Cloudbase.

On the other hand, the Lending & Borrowing category has fewer projects in comparison, with Moonwell and Term being the most noteworthy ones.

In addition, there are other notable DeFi projects such as Crypto Bosses, Horiza, ODOS, Pike, Volmex.

Base has worked with a number of reputable dev tooling projects to focus on building the best infrastructure and guarantee the seamless functioning of its network, helping the Base ecosystem grow deeper and more extensive in the future.

Infrastructure projects on Base stand out for their exceptional product quality, including Hardhat, Quicknode, Infura, Thirdweb, Wagmi, Blockdaemon...

In the third quarter, specifically in early August, Base is set to launch its public mainnet. This significant milestone marks the beginning of an ambitious journey to onboard an impressive 1 billion users to Web3. Moving forward, Base will continue to prioritize infrastructure to ensure a seamless experience for the next 1 billion users.

The careful selection and expansion of a diverse range of high-quality onchain products are vital not only for catering to Coinbase users but also to all Web3 users connected through the Base network. This approach aims to address the diverse on-chain needs of the entire Web3 community.

With meticulous preparation in all aspects of their operations, Base envisions becoming the focal point of Web3 in the near future. Base will become the ultimate destination for both web3 users seeking a top-notch experience and quality projects looking to flourish in this thriving Web3 environment.

Q2 holds significant importance for Base as it marks a crucial time to accomplish all the essential steps for the mainnet. Thanks to the exceptional professionalism and talent of the Base team's builders, they have successfully fulfilled all the criteria required for the mainnet.

The Base ecosystem is experiencing rapid expansion, attracting numerous promising projects. This growth not only diversifies the onchain products available on the Base network but also ensures that it caters to the increasingly complex web3 needs of users.

Excitingly, the arrival of the Public Mainnet is just around the corner. Anticipation builds for a thrilling Q3 of Base!

Onchain is the next online. Let's build on Base together!

This article does not offer investment advice or recommendations. All investment and trading decisions involve risks, and readers should conduct their own research before making any choices.