Base gained 1.7M wallets (EOAs) in the two months since public launch. About 1.5M of these wallets were new to web3, at least to Ethereum infrastructure (Ethereum mainnet and L2s). This pace of growth is nothing short of remarkable, and yet Base’s goal sounds outright fantastical: to onboard the next 1B users to web3. Let’s take that benchmark literally for the sake of this article. Assuming current pace – roughly two months for each new million of users onboarded to web3 through Base – it will take 121 years to reach a billion.

Current success aside, is Base’s ambitious goal strictly aspirational then, and unattainable? Not necessarily. For example, 10x-ing current growth would slash this estimate to 12 years. What Base will need to hit its target are multipliers: sectors and users that will onboard a disproportionately large number of newcomers.

Out of over 1.7M wallets, more than a million went on to use other Ethereum ecosystems: L1 mainnet and L2s including Arbitrum, Avalanche, Optimism, and Polygon.