Ethereum Layer 2 Base daily transactions pass Optimism and Arbitrum | Headlines | News | CoinMarketCap

08/18/2023 21:28
Ethereum Layer 2 Base daily transactions pass Optimism and Arbitrum | Headlines | News | CoinMarketCap

Ethereum Layer 2 network Base, incubated by the crypto exchange Coinbase, jumped past the dominant Optimistic Rollup scaling solutions Arbitrum and …

Ethereum Layer 2 network Base, incubated by the crypto exchange Coinbase, jumped past the dominant Optimistic Rollup scaling solutions Arbitrum and Optimism this week in terms of average daily transactions.

Base's seven-day moving average daily transaction count reached 610,000 on Aug. 15, compared to Optimism’s 597,000 and Arbitrum's 576,000, before falling back, according to The Block's data dashboard.

Base saw daily active users surge to over 100,000 within a day of its public mainnet launch, boosted by the social network friend.tech.

Base also led the pair for the first six days following launch by new daily unique addresses and profits generated, but these metrics have also fallen back over the last few days as the initial hype surrounding the Layer 2 dies down. 

The

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