Base Layer-2 Ecosystem Hits All-Time High Daily Transactions, Coinbase's Base Network Accounts for a Chunk of the Activity

The number of daily transactions across the Ethereum layer-2 scaling ecosystem reached an all-time high, with Coinbase's Base network accounting for a chunk of the activity.

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The variety of every day transactions throughout the Ethereum layer-2 scaling ecosystem hit a brand new all-time excessive final week, with Coinbase’s Base community踽s current launch contributing a piece of the exercise to the broader scene.

In response to information from Growthepie, aggregated every day transactions throughout layer-2 networks soared to 12.42 million on Aug. 12, whereas Base handled greater than 3.6 million transactions. This was considerably greater than Arbitrum One, which handled 1.39 million transactions on the identical day.

Over 100 Million Transactions In The Previous Month

Base was additionally probably the most lively blockchains prior to presenting to the market within the final 30 days. All through the previous month, the community facilitated greater than 111 million transactions, in response to L2Beat information. This positioned it second on this regard, with Xaiinternet taking the lead with near 300 million transactions throughout the identical interval.

Base at the moment has the second highest Complete Worth Locked (TVL) throughout the layer-2 area, with roughly $6.35 billion locked up in decentralized finance (DeFi) protocols on the community. Its TVL additionally jumped 3% within the final 24 hours. Arbitrum One leads this class with over $15 billion following a 6% enhance in its TVL.

BRETT And TOSHI Print Positive factors Whereas Majority Of Base Meme Cash Slip

The market cap for Base meme cash is at the moment over $1.2 million, following a minor drop within the sector’s whole valuation over the previous 24 hours.

Nonetheless, Brett (BRETT) and Toshi (TOSHI), the biggest Base meme cash by market cap, printed respective positive factors of three% and 4% all through the previous buying and selling session. Smaller tokens, Base Chad (CHAD) and MOEW (MOEW), had been the top-performers after their costs elevated over 25% and greater than 20%.

With Base flourishing and investor curiosity in meme cash deployed on the layer-2 community nonetheless current, Base Dawgz (DAWGZ) stands to learn. The presale meme coin has already raised over $2.9 million, and goals to realize a multi-chain presence that enables traders to seamlessly transact on among the most liquid and lively networks within the Web3 area.

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