Base says configuration change caused transaction delays, fixes issue

Coinbase’s Ethereum layer-2 web Base said caller dilatory oregon missing transactions were caused by a configuration mistake that has been fixed.

Over the weekend, Base users experienced elevated transaction drops and delays successful getting transactions included onchain. Despite the slowdown, blocks continued to beryllium produced and the web remained operational, suggesting that the incidental didn’t origin a afloat outage.

In a Wednesday post connected X, Base explained that a alteration to transaction propagation led the artifact builder to repeatedly fetch transactions that could not beryllium executed arsenic basal fees climbed quickly.

“We mitigated the contented by rolling backmost the alteration and person validated that web stableness has been restored,” it said.

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Base plans upgrade to forestall aboriginal delays

The squad besides announced that they are present moving connected longer-term fixes to forestall akin disruptions.

Planned improvements see streamlining the transaction pipeline, reducing unnecessary overhead, tuning however the mempool queue handles pending transactions and strengthening monitoring during infrastructure rollouts. The enactment is expected to instrumentality astir a month.

Base has emerged arsenic the person among Ethereum layer-2 networks by full worth locked (TVL). It held astir $4.2 cardinal successful TVL, accounting for 47.6% of Ethereum L2 stock connected Wednesday, according to information from DefiLlama.

Base becomes ascendant L2. Source: DefiLlama

Arbitrum (ARB) present controls 27% of the layer-2 market, ranking it a distant 2nd down Base, portion each different networks stay constricted to single-digit shares.

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Base emerges cardinal to Coinbase’s super-app strategy

As Cointelegraph reported, Coinbase is doubling down connected stablecoins and its Base web arsenic it expands beyond crypto trading and builds toward an “everything exchange,” which combines crypto trading with stocks, prediction markets and different fiscal products.

The enlargement positions Base arsenic a cardinal organisation furniture for Coinbase’s onchain activity, progressively serving arsenic the infrastructure for the exchange’s propulsion beyond axenic crypto services into always-on trading, payments and real-world fiscal utilities.

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