Base publicly launched its mainnet just over 2 months ago, and the launch was phenomenal. Despite the bear market, it demonstrated exponential growth in just over 2 weeks. Now that the hype around Base has cooled down, it is time to examine the state of the network.

In this report we explore the state of the cryptocurrency market in Q3 2023, analyzing the significant events, data, and patterns that influenced the industry during the previous quarter.