According to the Flipside report, the digital currency industry experienced significant growth in 2024, but this growth was not consistent across all chain users. Base, a layer 2 network launched by Coinbase’s Kevin Base, showed a remarkable 56-fold increase in monthly active users, leading the way. Data reveals that out of 19.4 million new users in October 2024, 13.7 million belonged to Base. Ethereum also performed well with an average of 1.56 million new monthly users. On the other hand, despite reaching $100,000 in price and launching exchange-traded funds (ETFs), Bitcoin attracted only 935,900 new monthly users. This statistic reflects the speculative activities of existing Bitcoin users rather than significant new user acquisitions. Additionally, Uniswap maintained and expanded its dominance in major chains, especially Base and Ethereum.
