Coinbase's Ethereum layer-2 blockchain, Base, has experienced significant growth, surpassing $4 billion in total value locked (TVL) and outperforming Ethereum and Arbitrum in daily transaction volume, partly due to memecoin mania. This surge in activity and value, which saw a 13.2% increase in TVL over the past week, is attributed to the increasing adoption of layer-2 solutions for their efficiency and lower transaction costs. Base's daily transaction count has risen from 500,000 to 3.1 million over the past 30 days, with the average transaction fee dropping from $1 to $0.2. Additionally, Base has achieved a new milestone in transactions per second, reaching 36 compared to Ethereum's 14. This growth is seen as a testament to the scalability and potential of layer-2 networks on Ethereum, with Base leading the charge.
Base outpaces Ethereum and Arbitrum in transaction volume, cementing its place as the number 1 layer 2 for #Ethereum https://t.co/8o7nIImayj
📣 Latest News: Coinbase's Layer-2 Blockchain Base Network Surpasses $4 Billion TVL #news #cryptonews #crypto
Gotta say that Base is a nice experience Decentralization debate aside (which does matter), it’s impossible to fade it Helps that coins there seem to be programmed to go up only & Coinbase obv So have had to insert myself into L2 & even L3 recently Nice to have ETH fun too
wake up and small the fresh flowers, its @base spring 🌻🪻🌷 Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked (TVL) surge by over 13.2% in the past week to surpass $4 billion for the first time as its 30-day transactions beat out… https://t.co/eJzDl5QDy9
Base’s TVL has swelled to $4 billion on memecoin mania, with 30-day transactions beating Ethereum and Arbitrum. https://t.co/cK2psHScPr
#Base is on the verge of exploding, especially when the Coinbase smart wallets launch. #Base szn is #Ethererum szn 🥰 https://t.co/ShJIfXmEbQ
L2s are the most sustainable solution to scalability, but their hidden superpower is their ability to progressively decentralize. I'm looking forward to the day when we see the first L2 protocol successfully achieve stage 2 decentralization. Ignore the FUD, and study @l2beat.
If L2s, especially appchains or vertical-specific, are unabashedly centralized, why stop there? Why not produce massive blocks -- like 40 bajillion gas/second? Just go for it.
L2s will innovate and scale far quicker than any self-proclaimed "high TPS" L1 blockchain - especially now that we have EIP-4844. By leveraging Ethereum for security and DA, L2s teams are able to put all of their focus into reducing cost, and increasing speed.
#Base is #1 in daily transactions ... you guys do know it's an L2 on ETHEREUM, RIGHT? RIGHT? $10,000 for 1 $ETH is FUD https://t.co/QeweybmTYz
🔥 @Base just reached $4B in TVL - a new all time high‼️ 📈 And we're just getting started! Cheers 🍻 https://t.co/Q7WtlcWUjy
SCALING: @base surpassed the Ethereum L1 in transactions per second: 36 vs. 14 tps. https://t.co/VuDcwkrXs7
Tl;dr: Ethereum can still make more money (scale its economics) on the L1, but the tech will have to scale via L2s. https://t.co/zURZmrAGZU
The question I usually ask myself if someone says "L2s are fragmented" is this: "Okay, let's humor you and take your word that we need a single, global state machine. Are you saying we can take app running on every Ethereum L2 right now, along with their users, put them on… https://t.co/bWfmu0dRhE
the idea of a few giant L2s achieving high-performance is much more appealing than a future with thousands of rollups (for that use case, why not just use sov rollups or appchains?) really bullish @megaeth_labs https://t.co/YUMARVjTJN
Coinbase's Base L2 has surpassed Arbitrum and Ethereum in daily transactions🤯 Now doing more transactions than both eth & arb combined! Seems like the Base era just got started! What $BASE coin am I missing?👀👇 https://t.co/cxrJrMI74Y
transactions per second on @base are at ATHs https://t.co/uGZKGUvazS
The daily tx count on @base is up from 500K to 3.1M over the past 30D, while the avg tx fee has come down from $1 to $0.2. https://t.co/OmL4GBXAxY
This is insane. Base L2 is now doing more transactions than Ethereum L1 and Arbitrum combined. https://t.co/fdhhzSdcPs
If you are not bullish eth here you are insane: -Base is only the first big L2 casino. -There are so many L2s -All have gas fees in pennies. -All are fast, secure, and settle on mainnet. -L2s ARE Ethereum. -Ethereum has 100% scaled. -Ethereum is a main collateralized asset in…