---
title: "Base Active Addresses Jump 50% as Transactions and Fees Fall"
description: "Transactions fell 8.7% and dollar-denominated user fees declined 20% on Oct. 22 amid an ongoing GMGN trading competition."
url: https://basisdesk.news/news/base-active-addresses-jump-transactions-fees-fall
published: 2026-10-23T10:22:01.557Z
modified: 2026-10-23T10:22:01.557Z
section: Altcoins
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [ETH]
tags: [base, gmgn, on-chain-metrics, gas-fees]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Base Active Addresses Jump 50% as Transactions and Fees Fall

Transactions fell 8.7% and dollar-denominated user fees declined 20% on Oct. 22 amid an ongoing GMGN trading competition.

## At a glance

- **What happened:** Base active addresses surged 50% on Oct. 22 while network transactions fell 8.7% and dollar fees decreased 20% [1].
- **Why it matters:** The metrics show a divergence between user address growth and chain revenue as transaction volume and fees declined [1].
- **Who is affected:** Base users and participants in the GMGN trading competition [1].
- **What's next:** No next step announced.
- **Primary source:** [Base Active Addresses Jump Another 50% as Transactions and Fees Fall](https://thedefiant.io/news/blockchains/base-active-addresses-jump-another-50-as-transactions-and-fees-fall) — thedefiant.io

## Key points

- Base active addresses jumped by 50% on Oct. 22 [1].
- Base transactions dropped 8.7% while dollar-denominated user fees fell 20% on Oct. 22 [1].
- The divergence occurred alongside an ongoing GMGN trading competition [1].

## Editorial remark

- **Context:** Base registered a 50% surge in active addresses on Oct. 22 while total transactions and fees dropped [1].
- **Impact:** Users on Base experienced a 20% decline in dollar-denominated fees on Oct. 22 amid an ongoing GMGN competition [1].
- **Watch:** Subsequent transaction and fee metrics once the GMGN trading competition concludes [1].

Active addresses on Base rose by 50% on Oct. 22 even as overall network activity experienced a downturn in transaction throughput and cost metrics [1].

According to data reported by The Defiant, network transactions fell 8.7% on Oct. 22 [1]. Concurrently, dollar-denominated user fees dropped 20% on the same day [1]. These metric declines occurred while an ongoing GMGN trading competition continued to take place on the chain [1].

## Diverging Network Metrics

The simultaneous rise in participating addresses and the drop in activity metrics highlight a notable shift in user behavior on Base [1]. Despite the 50% expansion in active addresses, the aggregate number of executed transactions contracted [1]. Furthermore, the 20% reduction in dollar-denominated fees suggests that the newly active addresses conducted lower-fee operations or transacted with less frequency per address during the GMGN event [1].

The drop in dollar-denominated fees also tracks against a neutral broader market environment. At the time of writing, $ETH traded at $2,400, down 0.6% over the past 24 hours, while the broader market stood at a total capitalization of $2.70T with a Fear & Greed Index reading of 50.

Whether address growth will translate back into higher transaction volumes or increased fee generation on Base remains dependent on on-chain participation following the conclusion of the GMGN trading competition [1]. Earlier reporting noted related network volatility in [Base Daily Active Addresses Jump 82.5% to Reach 30-Day Peak](https://basisdesk.news/news/base-active-addresses-jump-30-day-high).

## Sources

1. [Base Active Addresses Jump Another 50% as Transactions and Fees Fall](https://thedefiant.io/news/blockchains/base-active-addresses-jump-another-50-as-transactions-and-fees-fall) — thedefiant.io, 2026-10-23

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai