{"id":60727,"date":"2023-09-17T09:10:16","date_gmt":"2023-09-17T09:10:16","guid":{"rendered":"http:\/\/egrowonline.com\/?p=60727"},"modified":"2023-09-17T09:10:16","modified_gmt":"2023-09-17T09:10:16","slug":"base-network-hits-almost-2m-transactions-in-a-day-still-trails-polygon-bsc","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=60727","title":{"rendered":"Base Network hits almost 2M transactions in a day, still trails Polygon, BSC"},"content":{"rendered":"


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Coinbase layer-2 network Base hit a new peak in terms of daily transactions, breaking its former record when it was launched in August, according to data from blockchain explorer BaseScan.\u00a0<\/p>\n

Daily transactions chart of layer-2 network Base. Source: BaseScan<\/em><\/figcaption><\/figure>\n

On Sept. 14, the layer-2 blockchain hit<\/a> 1.88 million transactions, surpassing its previous record of 1.41 million transactions on Aug. 21 \u2014 the month when the network was launched. The layer-2 network surpassed other rival chains like Optimism and Arbitrum, which had a combined 878,000 transactions for the day.\u00a0<\/p>\n

Despite reaching the milestone, the layer-2 network is still lagging behind more prominent blockchains like Polygon and BNB Smart Chain (BSC). Polygon had<\/a> 2.1 million transactions on the date, while BSC had<\/a> 3.1 million transactions on the same day. <\/p>\n

Unlike its previous transaction record on Aug. 21, when the blockchain also hit 136,000 daily active users<\/a> along with its high number of transactions, the layer-2 network did not have as many users this time. When it comes to daily active users, Base only had around 86,000 on Sept. 14, according<\/a> to data recorded by Dune Analytics. <\/p>\n

Daily active users of layer-2 network Base. Source: Dune Analytics<\/em><\/figcaption><\/figure>\n

Base officially launched on Aug. 9<\/a>, allowing users to bridge tokens, swap tokens and provide liquidity, mint nonfungible tokens (NFTs) and do many other activities that could be performed on layer-2 networks.\u00a0<\/p>\n

Related: <\/em><\/strong>Friend.tech TVL tops $20M weeks after being declared \u2018dead\u2019<\/em><\/strong><\/a><\/p>\n

Since its launch, the network has received a warm welcome from the crypto community. On Sept. 6, over 700,000 NFTs were minted by more than 268,000 unique wallets<\/a> on the layer-2 network. During its first two weeks, over $242 million worth of crypto assets were bridged to the blockchain<\/a>, with 130,000 unique wallets using it daily. <\/p>\n

Magazine: <\/em><\/strong>Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler\u2019s Digest<\/em><\/strong><\/a><\/p>\n<\/div>\n


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Coinbase layer-2 network Base hit a new peak in terms of daily transactions, breaking its former record when it was launched in August, according to data from blockchain explorer BaseScan.\u00a0 Daily transactions chart of layer-2 network Base. Source: BaseScan On Sept. 14, the layer-2 blockchain hit 1.88 million transactions, surpassing its previous record of 1.41 […]<\/p>\n","protected":false},"author":1,"featured_media":60728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[11718,1553,88,259,175,1219,17477,1766],"class_list":["post-60727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-base","tag-bsc","tag-day","tag-hits","tag-network","tag-polygon","tag-trails","tag-transactions"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/09\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDkvMDUwZTA3NjQtMjBhMS00YzNiLWJjZDAtYzBiNDk4MWVkZTZmLkpQRw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/60727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60727"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/60727\/revisions"}],"predecessor-version":[{"id":60729,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/60727\/revisions\/60729"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/60728"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60727"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}