Base, Coinbase’s Layer-2 solution, is peaking in the number of transactions after its official launch.
After the official opening of Coinbase’s Base, the number of transactions increased significantly. The rise of Base outpaced Optimism in the number of transactions.
Base outperforms Optimism in transaction count
Base, the Ethereum Layer-2 network developed by crypto exchange Coinbase, has surpassed the Optimistic Rollup networks Arbitrum and Optimism in terms of average daily transaction count just one week after its launch.
According to the data, Base’s average daily transaction count rose to 610,000 on August 15. This figure marks a higher value compared to Optimism’s 597,000 and Arbitrum’s 576,000 transaction numbers.
Right after the public mainnet launch, Base saw its daily active users reach over 100,000. It also led the way in terms of new daily unique addresses and profits for the first six days after launch.
However, in terms of total value locked in (TVL), Arbitrum and Optimism still stand out with TVLs of $4.2 billion and $1.4 billion, versus the just-new Base’s $244 million TVL.
The increase in the number of daily transactions and active users of Base shows that the competition among Ethereum Layer 2 solutions continues.
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