In a historic first, Base, the Layer 2 blockchain developed by Coinbase, has surpassed Ethereum[ETH] Mainnet in daily transaction volume.
This milestone marks a significant turning point for the Ethereum ecosystem. Layer 2 solutions like Base are enhancing Ethereum’s scalability and proving they can outperform the network they’re built on.
What’s groundbreaking is the blockchain’s growth without relying on incentives like token rewards or airdrops. Instead, its rise is fueled by organic adoption, with over $4 billion in TVL and unmatched user and developer retention.
For investors, this signals a major shift in focus. Layer 2 networks are no longer just supporting players; they’re becoming dominant forces in the crypto space.
What happened and why does it matter?
For the first time, the blockchain has processed more transactions than the Ethereum Mainnet.
This historic milestone underscores the growing influence of Layer 2 solutions, which are designed to make Ethereum faster, cheaper, and more scalable.
Source: Artemis
What makes this particularly groundbreaking is that Base, built on Ethereum, has now outperformed the network it relies upon.
It signals a major shift in blockchain dynamics: Layer 2s are no longer just supportive infrastructure but powerful networks in their own right. Th
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Author: Samantha LKM
