Layer-2 Base Network Leads Ethereum Scaling Ecosystem To Daily Transaction All-Time High
The number of daily transactions across the Ethereum layer-2 scaling ecosystem reached an all-time high, with Coinbase’s Base network accounting for a chunk of the activity. Growthepie data shows that aggregated daily transactions across layer-2 networks soared to 12.42 million on Aug. 12, with Base processing more than 3.6 million transactions. This was substantially more than Arbitrum One, which handled 1.39 million transactions on the same day. Over 100 Million Transactions In The Past Month Base was one of the most active blockchains in the past month as well. Throughout the past 30 days, the network facilitated more than 111 million transactions, according to L2Beat data . This placed it second in this regard, with Xai taking the leading with close to 300 million transactions during the same period. Base also currently has the second highest Total Value Locked (TVL) within the layer-2 space, with approximately $6.35 billion locked up in decentralized finance (DeF...