It appears that Base has experienced steady user growth over the analyzed time period, with an early spike in growth followed by a relatively stable increase. However, the rate of growth seems to have slowed down recently.

The cumulative number of new addresses steadily increases from Day 1 to Day 24, with a total of 197,721 new addresses created by the end of Day 24. This suggests that there has been a steady increase in Base overall user growth during this time period.

The rate of growth in the number of new addresses created seems to have slowed down in the latter half of the time period analyzed. The daily number of new addresses created is lower on average in the second half of the time period compared to the first half.

In Week 2, the average transaction per user was 1.73, which is significantly lower than the following weeks. In Week 3, it increased to 2.29, and then in Week 1, it increased further to 4.71. In Week 4, we see a slight decrease from Week 1, but it is still significantly higher than Week 2.

This trend suggests that user activity on the Base platform is increasing over time, as more users are making transactions and engaging with the platform. It is also possible that users are becoming more comfortable with the platform and its features, which is leading to more transactions per user.

Using the average transaction per address as baseline, we have use the metric to filter active and inactive address.

Higher than average transaction count means an active address.

Lower than average transaction count means inactive address.

Dormant address are address that doesnt make any transaction in that week.

The number of inactive addresses has been consistently reported higher than the number of active addresses.

Since the inception of Base, the user activity shows increase over time in general. The week 3 reports the highest activity by Inactive and Active address. But after that, the number of dormant address increases significantly, suggesting users are not participating on the Base Layer 2.

In the first and fourth weeks, both the number of total transactions and the number of transacting addresses were relatively low compared to the other weeks. However, in the second and fifth weeks, we see a significant increase in both metrics, with over 2 million total transactions and more than 200,000 transacting addresses in the fifth week.

In the third week, the number of total transactions remained high, but the number of transacting addresses decreased significantly.

Overall, these fluctuations suggest that user activity on the new Layer 2 platform is still volatile. However, the fact that we see some weeks with high numbers of total transactions and transacting addresses suggests that there is interest and potential for growth on the platform.

This section covers User Growth on Base Testnet and its Weekly Transaction Frequency

Based on the analysis , it can be concluded that Base Testnet has experienced steady user growth over the analyzed time period, with some fluctuations in user activity. While the number of new addresses created has steadily increased, the rate of growth in the number of new addresses seems to have slowed down recently. User activity on the platform is still volatile, but there is interest and potential for growth on the platform.

The trend also suggests that user activity on the Base platform is increasing over time, as more users are making transactions and engaging with the platform. However, the number of inactive addresses consistently reported higher than the number of active addresses, and the number of dormant addresses increases significantly after the third week, suggesting that users are not participating on the Base Layer 2.