2026-01-09 16:38:42

Let's talk about the on-chain situation of the Base chain.

How is Base's current activity level? The average daily active wallet count fluctuates around 500,000 to 800,000, which still indicates some level of popularity. However, it becomes interesting when compared to the total number of wallets—Base has a total of 267 million unique wallets, but only a small portion are actually engaged in transactions.

The specific numbers are as follows: wallets with more than 50 transactions total only 4.18 million, accounting for less than 2%. Wallets with transaction amounts between $1,000 and $10,000 number about 3.95 million. This reveals a phenomenon—while the wallet base seems large, the proportion of users with meaningful interaction is actually quite limited.

In other words, Base's growth is mainly in expanding its user base, but there is still plenty of room to retain active traders. This data is quite useful for those wanting to understand the real temperature of the Base ecosystem.

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MoneyBurnerSociety

· 01-11 11:08

267 million wallets, less than 2% are actively trading. This data needs a thorough review.

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LiquidityHunter

· 01-10 06:45

Less than 2% of the 267 million wallets have actual interactions. This liquidity gap... is a bit outrageous.

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GateUser-40edb63b

· 01-10 01:26

267 million wallets sound impressive, but less than 2% are truly active, which is a bit awkward.

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MysteryBoxBuster

· 01-09 17:08

2.67 billion wallets sound impressive, but actually it's just two words: inflated data --- To put it simply, there are many exploiters, and only a few are actually doing real work --- This data clearly shows Coinbase is just stacking users in a game --- Less than 2%? How much water do you need to inflate to reach that number? --- So, Base is now just a big water pipe waiting for real users to come --- It still depends on whether they can retain users in the future; right now, it's a bit uncertain --- Wallet number games really have little reference value; the key is retention

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GasFeeNightmare

· 01-09 17:08

2.67 billion wallets sound impressive, but the actual number of people actively trading is indeed a bit embarrassing. --- It's the same old problem: no matter how high the vanity metrics pile up, they are useless. --- Less than 2% of active trading accounts? Base is just playing a numbers game with users. --- To retain traders, you need to come up with something interesting. Right now, it's just air. --- Looking at 500,000 to 800,000 daily active users seems good, but compared to 2.67 billion, it's a joke—just a routine to cut the leeks. --- Basically, it's just groundwork; a truly useful ecosystem hasn't been built yet. --- With such low trading depth, there's no need to boast about ecosystem prosperity. It's time to wake up.

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SighingCashier

· 01-09 17:06

Data guy, isn't this a typical vanity metric...

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HashRatePhilosopher

· 01-09 17:04

267 million wallets, less than 2% are truly active. That's a bit of a discrepancy.

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GrayscaleArbitrageur

· 01-09 16:59

Once this data came out, it was awkward. Base looks bloated. There are many people, but only a few actually interact, so it still needs to be maintained.

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GasFeeVictim

· 01-09 16:41

Typical "vanity metrics" — 267 million wallets sound impressive, but less than 2% are actually active. The number of active wallets is somewhat okay, but the retention rate is indeed a bit awkward. How to keep users? Base is still relying on marketing to pile up numbers; real ecosystem stickiness... well, you get it.

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