May 4, 09:17 AM

Coinbase's Base Leads L2 Growth; Ethereum's Total L2 Holdings Hit Record High, Arbitrum Dominates Market Share

Coinbase's layer 2 project Base has shown significant growth, with transaction volumes surpassing Ethereum's, a 400% increase in user base, and low transaction fees. Base's success is attributed to its ability to reduce costs and increase speed, driving developer adoption. Other Ethereum layer 2 solutions like Arbitrum and Optimism are also experiencing growth, with Arbitrum leading in asset inflows and market share. The total amount of Ethereum within layer 2 networks has reached a new all-time high, exceeding $37 billion USD.

#Coinbase #Base #Ethereum #Arbitrum #Optimism

Written with ChatGPT (GPT-3).