Coinbase's native layer 2 network, Base, has hit an impressive milestone by surpassing 4.2 million daily transactions, as reported by Coin98Analytics. This achievement places it ahead of its competitors, with Arbitrum recording 1.3 million transactions and Ethereum 1.1 million transactions within the same timeframe.
The L2 network Base reached an all-time high of 4.4 million transactions on September 9, significantly outpacing Ethereum, which serves as its mainnet network. This surge in activity underscores the growing adoption and efficiency of layer 2 solutions in the cryptocurrency space.
The high transaction volume demonstrates the potential of layer 2 networks in scaling blockchain operations while reducing costs, which is essential for broader cryptocurrency and blockchain adoption.
