Base Network Reaches 1 Billion Transactions

On November 15, the Coinbase-powered Base Community proudly introduced that it has reached 1 billion transactions since its launch in August 2023. The milestone was achieved in only one yr, a outstanding achievement in comparison with established networks corresponding to Bitcoin, which took greater than 15 years to finish. obtain comparable milestones.

Base’s fast development isn’t any shock. The community has rapidly grow to be the quickest rising Ethereum Layer-2 answer, surpassing rivals corresponding to Optimism and Arbitrum. A latest report from CoinGecko ranked Base because the second hottest blockchain in 2024, and the community now attracts 9 instances extra consideration than its nearest Layer-2 competitor, Arbitrum.

Market observers attribute the community’s fast development to the strong help and assets offered by Coinbase, the $76 billion crypto trade that Base operates. Moreover, the power of the Coinbase model as the biggest cryptocurrency trade within the US has undoubtedly contributed to Base’s success as nicely.

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