Coinbase’s Layer 2 network, Base, continues to set new standards. Its daily transactions reached unprecedented highs on September 14.

Remarkably, the nascent network registered 1.88 million transactions that day, outpacing established competitors like Arbitrum and Optimism.

Coinbase’s Base Rapid Adoption

This flurry of transactions underlines Base’s impressive ascent since its debut less than two months ago. IntoTheBlock emphasized that Base’s success is due, in part, to Coinbase’s widespread influence and the growing enthusiasm for decentralized applications (dApps) such as Friend.Tech.

Although the numbers on September 14 set a record, other metrics also demonstrate the network’s robust health. On average, it boasts 888,000 daily active addresses, constituting 60% of all addresses using the Optimism roll-up.

Corresponding to this growing network activity, the total value locked within the network escalates. Currently, it stands at $386 million, positioning Base fourth on the list of leading Layer 2 protocols based on TVL, as per L2beats’ data.

Daily transactions per second have climbed to 19.57, and over the past month, the network has Go to Source to See Full Article
Author: Oluwapelumi Adejumo

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