Base Surges to Record Highs as User Activity and Institutional Momentum Accelerate

The Base network —Layer 2 solution developed by Coinbase—has hit levels of user activity that were previously unheard of, signaling a pretty big move toward not just mainstream adoption, but actual institutional interest, too. Over the past week, Base hit a new all-time high (ATH) of 3.6 million daily active users and an absolutely staggering 14 million weekly active users. This positioning puts Base as one of the fastest-growing ecosystems in the Ethereum Layer 2 landscape. The milestone comes at a very busy time for Coinbase and close to some very big and exciting recent events. Even JPMorgan, the proverbial doomsayer for the crypto industry, is now a development partner for a big financial app built on top of Base. Other top-level retail and institutional partners joining in include PayPal and a selection of major Web3 services. All these app partners are in the process of transforming some aspect of their customer service from old-school Web2 to new Web3 solutions. Base is on the verge of becoming a major customer service front for a whole range of retail and institutional financial applications. Coinbase Deepens Commitment with DEX Integration and European Expansion Among the most important causes of Base’s recent growth has been the announcement from Coinbase that it will integrate decentralized exchange (DEX) trading directly into its main app. This not only simplifies access to on-chain trading for Coinbase’s tens of millions of users, but also serves to shine a light, in an unprecedented way, onto the tokens that natively belong to the Base network. The integration is expected to lower entry barriers and drive liquidity and volume into Base-based assets that many prior to this point had either assumed were dormant or had simply never noticed. Further bolstering Base’s prospects is Coinbase’s successful acquisition of a MiCA (Markets in Crypto-Assets) license. This regulatory approval allows Coinbase to offer digital asset services across all 27 member states of the European Union. By opening the doors to a massive new market, the MiCA license enables Coinbase — and, by extension, the Base network — to onboard millions of new users and developers across Europe. The license also sets a legal precedent that could pave the way for increased enterprise adoption on the continent. The simultaneous development of both DEX functionality and regulatory clarity in Europe provides a much easier environment for continued growth. This especially benefits any dApps and services that are built natively on Base, which should see an uptick in user traffic as a result. JPMorgan Plans Institutional Token Launch on Base The Base network isn’t just attracting retail players; institutional players are beginning to take notice, too. In fact, a recent move by JPMorgan to launch a new token, the $JPMD, on the Base network underscores growing confidence in not only Base but also in the broader Ethereum ecosystem. What exactly is the $JPMD, and what does this development mean for Base and the Ethereum ecosystem? Launching $JPMD on Base instead of on Ethereum’s mainnet or another Layer 2 solution represents *JPMorgan’s* strategic decision to operate in a space conducive to successful outcomes. And Base—a network that features high throughput, low fees, and backed as it is by a U.S.-regulated entity (Coinbase), is a pretty good choice for that. If $JPMD is successful, it could act as a model for other large financial institutions exploring the kind of tokenized banking solutions that $JPMorgan$ is now *tokenizing*. The $JPMD initiative represents a change in the way that traditional finance interacts with public blockchain infrastructure. Additionally, it sends a very clear message: Base is not merely a testing ground for DeFi startups and retail users; it is a serious venue for financial innovation. Shopify Testing USDC Payments on Base: Real-World Utility on the Horizon One of the most encouraging signals is coming from outside the crypto-native world. Shopify, the global e-commerce giant, is now testing payments in USDC on the Base network. Still in its early stages, this pilot program represents a concrete step toward real-world adoption of cryptocurrency payments for goods and services. Should Shopify grow the integration outside of testing, it could allow for a large number of merchants and consumers to use USDC on Base in daily commerce. Base hits record activity level Last week, @base reached new ATH in user activity, with 3.6M daily and 14M weekly active users. Several recent developments have influenced this growth. @coinbase announced plans to integrate DEX trading directly into its app, which will boost… pic.twitter.com/Zm1nDCbE9c — CryptoRank.io (@CryptoRank_io) June 23, 2025 Critics have commonly said the only use case for cryptocurrency is buying it, and the scale and utility of a blockchain payment system is a direct answer to that allegation. For that to happen, however, is indeed a direct question to the allegation. This initiative spotlights the increasing importance of stablecoins such as USDC in international trade, especially when coupled with networks like Base that are speedy and economical. For Base, this is yet another indication of the network’s evolution into a full-fledged platform that serves developers and enterprises, retail users, and serious financial players. Base’s Growth Signals a Maturing Layer 2 Ecosystem Base, with hat gives millions of users, is the leading formation in the Ethereum Layer 2 ecosystem. I use hat to show what makes Base great: – Regulatory wins. – Retail innovations. – Enterprise-grade applications. Should the prevailing impetus persist, Base might soon discover itself not merely contending for the scaling requirements of Ethereum but also vying for a pivotal position in the international realm of digital finance. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Source: NullTx