Coinbase’s layer-2 network, Base, has achieved a new milestone in terms of daily transactions, surpassing its previous record since its launch in August, as reported by blockchain explorer BaseScan.
On September 14, Base’s layer-2 blockchain recorded a remarkable 1.88 million transactions, surpassing its prior record of 1.41 million transactions on August 21, the month of its launch. Notably, Base’s layer-2 network outperformed rival chains such as Optimism and Arbitrum, which combined for a total of 878,000 transactions on the same day.
Despite this significant achievement, Base’s layer-2 network still lags behind more prominent blockchains like Polygon and Binance Smart Chain (BSC). On the mentioned date, Polygon registered 2.1 million transactions, while BSC recorded 3.1 million transactions.
It’s worth noting that while the previous transaction record on August 21 coincided with 136,000 daily active users, the recent surge in transactions did not bring as many users to the platform. On September 14, Base had approximately 86,000 daily active users, according to data from Dune Analytics.
Base officially launched on August 9, providing users with the ability to bridge tokens, swap tokens, provide liquidity, mint nonfungible tokens (NFTs), and engage in various activities typically associated with layer-2 networks.
Since its launch, Base has garnered significant attention and support from the crypto community. On September 6, over 700,000 NFTs were minted using more than 268,000 unique wallets on the layer-2 network. Additionally, within its first two weeks of operation, over $242 million worth of crypto assets were bridged to the blockchain, with 130,000 unique wallets using the network daily.