
Activity on Coinbase's Layer 2 network, Base, has surged following the introduction of points in its 'Onchain Summer' campaign. Base has become one of the top three Layer 2 chains by net inflow over the past three months. The network has seen a significant increase in daily transactions, recently surpassing 4 million, marking a 28% month-over-month rise. This transaction volume is nearly double that of Arbitrum and Optimism combined. Base has also settled over $3.6 billion during this period. The growth is attributed to the bull market, increased interest, and new user sign-ups on Coinbase, leading to seamless bridging to Base and the discovery of Base communities. Additionally, Base's transaction count, throughput, and TVL are on the rise, with expectations to catch up to Arbitrum.
Daily transactions on @base recently surpassed 4M, a new all-time high and an increase of 28% month-over-month. Base currently handles nearly double the amount of daily transactions than Arbitrum (2.2M) and Optimism (526K) combined. During this time, Base settled over $3.6B of… https://t.co/5bx6xpiP3H
👀 @base stats up only. Transaction Count, Throughput and TVL. TVL on base will catch up to @arbitrum. ARB had first mover advantage in L2, but base will continue to attract more users. https://t.co/2J9cMTkWUv
Bull market ↓ Increased interest ↓ New users joining ↓ More @Coinbase sign ups ↓ Seamless bridge to @Base ↓ Growth on base ↓ Discovery of Base communities ↓ Growth in Base meme communities ↓ Growth in onchain activities ↓ Repeat 🔁
