Crypto: Base, Coinbase's Blockchain Surpasses Ethereum!

The Layer 2 blockchain of one of the world’s largest crypto exchange platforms, Coinbase, Base, has just reached a historic milestone by surpassing Ethereum in daily transactions. This remarkable performance propels Base to the rank of undisputed leader in scaling solutions.

A Rapid Growth Shaking the Crypto Ecosystem

Base, launched in August 2023, has experienced a meteoric rise. In less than a year, this blockchain built on Ethereum in collaboration with Optimism has climbed to the top of the Layer 2 ecosystem.

According to Coin 98 Analytics, Base has just reached a historic milestone by surpassing Ethereum in daily transactions, with more than 4.2 million operations per day. It thus establishes itself as the undisputed leader in second-layer solutions.

Several factors explain this rapid success. The expertise and resources of Coinbase, a giant of crypto exchanges, played a crucial role. The implementation of the EIP-4844 protocol on Ethereum has significantly reduced transaction fees, making the platform more attractive.

Moreover, the conducive environment for innovation has attracted many developers, while users have been won over by the combination of performance and security offered by Base.

Recently, the TVL (total value locked) of Base has exploded by 465% in the last three months, reaching $7.41 billion. This spectacular growth eclipses that of its direct competitors like Arbitrum (+13%) and Optimism (+12%).

A Flourishing Ecosystem That Attracts All Attentions

Base doesn’t just impress with its numbers. The blockchain has managed to create a complete and diversified ecosystem. Giants like Coca-Cola and Atari have joined the platform, recognizing its innovative potential.

Many DeFi projects have settled there, including 1inch and Maple Finance, strengthening its position in the world of decentralized finance.

The world of NFTs and digital creation also finds a fertile ground on Base, attracting artists and collectors. Additionally, meme coins are experiencing phenomenal success, with tokens like Base Dawgz, Brett, and Toshi capturing investors’ attention.

The future looks bright for Base. The imminent launch of Coinbase’s smart wallet should further accelerate its adoption. With the ambition to reach one billion users, Base could well redefine the standards of the blockchain industry.

By combining technical performance, a rich ecosystem, and the support of a major player, Base establishes itself as a key player in Web3. Its meteoric rise testifies to the growing maturity of Layer 2 solutions and could well herald a new era for the blockchain.