Base Blockchain Surpasses Ethereum: Coinbase’s Milestone

Base Blockchain Surpasses Ethereum in Daily Transactions

The Layer 2 blockchain developed by one of the world’s largest crypto exchange platforms, Coinbase, has achieved a historic milestone. Base has officially surpassed Ethereum in daily transactions, positioning itself as the leading Layer 2 scaling solution.

A Rapid Growth Shaking the Crypto Ecosystem

Launched in August 2023, Base has experienced rapid growth, making a significant impact within the crypto ecosystem. In less than a year, this blockchain—built on Ethereum in collaboration with Optimism—has become the top Layer 2 solution.

According to Coin 98 Analytics, Base has surpassed Ethereum in daily transactions, processing over 4.2 million operations per day. This makes Base the leader among second-layer solutions.

Key Factors Behind Base’s Success

Several key factors have contributed to the rapid rise of Base:

• Coinbase’s expertise and resources have provided a strong foundation for the platform’s growth.
• The implementation of the EIP-4844 protocol on Ethereum has significantly reduced transaction fees, boosting the platform’s appeal.
• A supportive environment for innovation has attracted many developers and users, drawn to the platform’s combination of performance and security.

Additionally, Base’s total value locked (TVL) has surged by 465% in the last three months, reaching $7.41 billion. This remarkable growth outpaces its closest competitors, including Arbitrum (+13%) and Optimism (+12%).

A Flourishing Ecosystem Gaining Global Attention

Base’s rapid growth is not just limited to transaction numbers. It has built a diverse and thriving ecosystem, attracting major brands and projects.

• Brands like Coca-Cola and Atari have joined the platform, recognizing its innovative potential.
• DeFi projects such as 1inch and Maple Finance have integrated with Base, further solidifying its position in decentralized finance.
• The platform has become a hub for NFTs and digital creators, drawing in artists and collectors alike.
• Meme coins, including Base Dawgz, Brett, and Toshi, have found significant success, capturing investor interest.

Future Prospects for Base

The future looks promising for Base. With the upcoming launch of Coinbase’s smart wallet, adoption is expected to accelerate. Coinbase’s goal of reaching one billion users is within sight, and Base is poised to redefine blockchain industry standards.

By combining technical innovation, a rich ecosystem, and the backing of a major crypto exchange, Base is establishing itself as a key player in the Web3 space. Its rapid rise highlights the growing importance of Layer 2 solutions and signals a potential new era for blockchain technology.