Growth and Milestones
Base, a dedicated Ethereum Layer 2 network, has achieved remarkable growth, hitting a significant milestone in recent times.
- Since March 2024, Base’s daily transaction count has steadily increased.
- The network recently surpassed 6 million daily transactions, maintaining this level consistently throughout the week.
- This milestone represents the first time the network has exceeded 6 million transactions per day.
Base Outperforms Arbitrum
Base has outperformed Arbitrum in various metrics, solidifying its position in the Ethereum Layer 2 space.
- In the last 24 hours, Base recorded over $938 million in daily volume, surpassing Arbitrum with $462.7 million.
- Base also exceeded Arbitrum in Total Value Locked (TVL) with $2.47 million compared to Arbitrum’s $2.41 million.
- The network’s TVL reached a new high, indicating strong investor confidence.
- Base’s stablecoin market cap peaked at $3.77 billion on October 16, showcasing liquidity and market strength.
These achievements have cemented Base’s dominance in the Ethereum ecosystem, driven by efficiency, low fees, and investor confidence.
Future Outlook
Despite its success, Base currently operates without a native token, relying on organic growth and demand. However, the potential for a native token launch remains a possibility for the future.
Base’s success can be attributed to its strong community, developer-friendly ecosystem, efficiency, and low transaction fees.
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