Base, a Layer 2 solution affiliated with Coinbase, has experienced a significant surge in activity, marking a 400% increase in Daily Active Addresses to 432k in the past month. This growth is attributed to its rising daily transactions, despite Base not having its own token and Coinbase stating no plans to create one. Fees on Base are paid in ETH, correlating with the increase in ETH's price. Additionally, Base has seen $55 million in USDC bridged to its platform since March 1st, with $1.58 billion USDC currently on Base, 92% of which was minted in the last 30 days. This financial influx has turned Base into a substantial revenue stream for Coinbase, with an annualized revenue of approximately ~265 m $. The platform's success is further highlighted by its comparison to other leading Ethereum Layer 2 solutions, where Base's activity surpasses the combined activity of its two main competitors. This growth is part of a broader trend in the cryptocurrency sector, with Bitcoin's value increasing by 69% to $71k and ETF inflows exceeding $12 billion in Q1. Polkadot also reached a new all-time high with over 600,000 active addresses, showcasing the expanding interest and investment in blockchain technologies.