Coinbase’s Layer-2 network Base is already competing with the top Layer-2 networks as its daily transaction volume recently surpassed Optimism and Arbitrum.

Onchain data from the block explorers of the networks show that Base recently hit 617,330 transactions on August 13, surpassing the 544,575 on Arbitrum and 438,559 for Optimism on the same day.

Base Enjoys Growth Since Public Launch

Although Arbitrum and Optimism have since regained their lead, the incident highlights the level of activity on Base since launch and how the competition among the top networks could shape up.

Since its public launch on August 9, Base has seen a high transaction volume, with the layer2 solution witnessing an influx of memecoin and other token creations. Even before its public launch, the BALD memecoin had drawn crypto traders interest to the network.

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Author: Oluwapelumi Adejumo

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