Base Network hits almost 2M transactions in a day, still lags Polygon, BSC

1 year ago

Base surpassed different layer-2 networks similar Optimism and Arbitrum successful presumption of regular transactions but inactive lagged down Polygon and BSC.

Base Network hits astir   2M transactions successful  a day, inactive  lags Polygon, BSC

Coinbase layer-2 web Base deed a caller highest successful presumption of regular transactions, breaking its erstwhile grounds erstwhile it was launched successful August, according to information from blockchain explorer BaseScan. 

Daily transactions illustration of layer-2 web Base. Source: BaseScan

On Sept. 14, the layer-2 blockchain hit 1.88 cardinal transactions, surpassing its erstwhile grounds of 1.41 cardinal transactions connected Aug. 21 — the period erstwhile the web was launched. The layer-2 web surpassed different rival chains similar Optimism and Arbitrum which had a combined 878,000 transactions for the day. 

Despite reaching the milestone, the layer-2 web is inactive lagging down much salient blockchains similar Polygon and BNB Smart Chain (BSC). Polygon had 2.1 cardinal transactions connected the date, portion BSC had 3.1 cardinal transactions connected the aforesaid day.

Unlike its erstwhile transaction grounds connected Aug. 21, erstwhile the blockchain besides hit 136,000 regular progressive users on with its precocious fig transactions, the layer-2 web did not person arsenic galore users this time. When it comes to regular progressive users, Base lone had astir 86,000 connected Sept. 14, according to information recorded by Dune Analytics.

Daily progressive users of layer-2 web Base. Source: Dune Analytics

Base officially launched connected Aug. 9, allowing users to span tokens, swap tokens and supply liquidity, mint nonfungible tokens (NFTs) and bash galore different activities that could beryllium performed connected layer-2 networks. 

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Since its launch, the web has received a lukewarm invited from the crypto community. On Sept. 6, implicit 700,000 NFTs were minted by much than 268,000 unsocial wallets connected the layer-2 network. During its archetypal 2 weeks, implicit $242 cardinal worthy of crypto assets were bridged to the blockchain, with 130,000 unsocial wallets utilizing it daily.

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