Base Active Addresses Jump Another 50% as Transactions and Fees Fall
- —Base active addresses rose 50% on Oct. 22
- —Transactions on the network fell 8.7% the same day
- —Dollar-denominated user fees dropped 20%
- —The activity spike coincided with a GMGN trading competition
Why it matters: Rising addresses alongside falling transactions and fees point to bot and campaign-driven activity rather than organic demand.
Source: The Defiant