- Record-Breaking Transactions on Base
- Funding New Projects on Base
- Plans to Enhance Network Capabilities
Base Network continues to dominate the Layer 2 sector, outpacing its competitors in daily active addresses and total value locked (TVL).
Record-Breaking Transactions on Base
According to IntoTheBlock, Base's transaction volume increased by 300% during Q2 2024. Base recorded 2.275 million transactions in a single day in March 2024, with transaction volume on decentralized exchanges (DEXs) hitting $730 million.
Funding New Projects on Base
Base funded six innovative on-chain projects, attracting over 800 submissions from developers. This underscores the company's expansion ambitions, attracting additional users and projects.
Plans to Enhance Network Capabilities
CNF has revealed that Base plans to raise its gas limit to 10 million units per second, significantly up from the previous limit of 1 million units. This will help the network meet increased demand and remain competitive in the rapidly changing blockchain ecosystem.
The success of Base Network also boosts its parent company, Coinbase, which recorded a total revenue of $1.4 billion in Q2 2024. As the network grows, it will play an increasingly important role in the Ethereum ecosystem and the adoption of Web3 technology.
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