Coinbase Smart Wallet Reaches 1 Million Users, Signaling Strong DeFi Growth

Coinbase’s Smart Wallet has achieved a significant milestone: exceeding one million active user accounts. This surge, fueled by the launch of the Base network and strong user engagement with supported tokens, signifies a potential boost in decentralized finance (DeFi) activity on the platform. Notably, 270,000 new accounts were added on August 16, 2025, according to Coinbase’s recent announcement. This growth is driving increased engagement within the Base ecosystem, with users seeing greater benefits from DeFi solutions.