Coinbase-backed Base has set a new benchmark in the Ethereum Layer-2 space, surpassing 6 million daily transactions, highlighting its increasing dominance and the robustness of its ecosystem.
In recent days, Base has consistently processed over 6 million transactions, commanding about 60% of Ethereum Layer-2 transactions, a significant lead over competitors like Arbitrum and Optimism.
Key to Base’s success is its capacity to manage over 70 transactions per second (TPS), significantly outpacing rivals like Arbitrum One, which handles less than 20 TPS.
The surge in Base’s transactions is mirrored in its total value locked (TVL), reported at $2.36 billion by DeFiLlama, although L2Beat offers differing figures on assets held across networks.
Base’s Quick growth, within a year of its launch, is partially driven by Coinbase integration, exemplified by cbBTC, attracting diverse users through enhanced accessibility to Bitcoin on DeFi platforms.
Base’s expanding ecosystem of decentralized applications, including DEXs and lending protocols, is pivotal in attracting users and cementing its position in the competitive Layer-2 space.
