Base Network Records 2 Million Daily Transactions, Lags Behind Polygon and BSC

Base Network Surpasses 1.88 Million Daily Transactions

Base Network, Coinbase’s layer-2 blockchain, recently achieved a remarkable milestone by recording 1.88 million daily transactions. This impressive feat surpassed its previous record set during its launch month in August, as reported by the blockchain explorer BaseScan.

Outperforming Optimism and Arbitrum

On September 14, Base Network outperformed its competitors, Optimism and Arbitrum, with a combined total of 878,000 transactions on the same day.

Chasing the Leaders

However, Base Network still trails behind more prominent blockchains like Polygon and Binance Smart Chain (BSC). On the mentioned day, Polygon recorded a staggering 2.1 million transactions, while BSC led the pack with 3.1 million transactions.

Changing User Dynamics

Interestingly, Base Network’s recent achievement came with a change in user dynamics. Unlike its previous record in August, when Base had 136,000 daily active users alongside high transaction numbers, the layer-2 network had fewer users this time, with approximately 86,000 daily active users on September 14, according to data from Dune Analytics.

Base Network’s Versatile Offerings

Base officially started on August 9, offering users various functions such as bridging and swapping tokens, providing liquidity, minting NFTs, and more on its layer-2 network.

Community Reception

Since its launch, Base has received significant attention and support from the cryptocurrency community. On September 6, more than 268,000 different wallets minted over 700,000 NFTs on the layer-2 network. In the first two weeks after its launch, over $242 million worth of cryptocurrency assets were transferred to the blockchain, and the network saw 130,000 unique wallets using it daily.

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