IntoTheBlock, a leading on-chain data analysis platform, has published a report indicating that Coinbase's Ethereum scaling solution, known as Base, has the potential to become the foremost layer-2 (L2) blockchain by the end of the year. This prediction is based on several key performance metrics.
The report details how Base has witnessed rapid growth, which could allow it to surpass its competitors in the L2 blockchain space. The analysis underscores Base's increasing market traction and its capacity to lead the sector.
If conditions remain favorable, Base's continued development and strategic implementation efforts may enable it to rise to the top of the L2 blockchain hierarchy, demonstrating its capacity for significant market influence and dominance.
