Record Transactions for Base: 11.4 Million in a Day on Ethereum Layer-2

by Giorgi Kostiuk

2 years ago

Base, an Ethereum layer-2 network, has hit an impressive milestone by recording 11.4 million transactions in a single day.

Base's Popularity Surge

In the last two days, Base has experienced significant transaction volume growth, with daily transactions exceeding 11.4 million. This reflects the platform's increasing acceptance and user trust globally.

Transaction Activity Metrics

Analysts reveal that Base's decentralized exchange trading volume reached $42 billion, setting new records. Its ability to process over 70 transactions per second puts Base ahead of its competitors.

Base currently facilitates 60% of all layer-2 transactions.

Base's Role in dApp Ecosystem

Base's growth has been driven by its association with Coinbase. The expansion of its dApp ecosystem and the launch of cbBTC have increased Bitcoin accessibility on DeFi platforms, attracting investors.

Base's rapid growth and achievements emphasize its key role in the Ethereum layer-2 sector, boosting user interest and trust globally.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Dormant Bitcoin Wallets Come to Life

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

Satoshi Nakamura13 hours ago

SEC Proposes New Rules for Crypto Custody Regulations

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

Jesper Sørensen13 hours ago

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

Rajesh Kumar18 hours ago

ECB Executive Addresses Privacy Concerns of Digital Euro

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

Lucas Weissmann19 hours ago

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.