Layer-2 Network Base Achieves 1.88 Million Daily Transactions

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.
  • The layer-2 network processed more transactions than Optimism and Arbitrum combined.
  • Despite the success, the layer-2 network remains behind prominent layer-2 networks.

Statistics from blockchain analytics provider BaseScan shows that Layer-2 Network Base broke its previous record for daily transactions, set on launch in August.

Base reached 1.88M transactions on September 14, exceeding the earlier record of 1.41M transactions reached on August 21. The layer-2 network processed more transactions than Optimism and Arbitrum combined (878,000) in a single day.

Despite the success, the layer-2 network remains behind other, more well-known blockchains like as Polygon and BNB Smart Chain (BSC). On the same day, BSC processed 3.1 million transactions, whereas Polygon processed 2.1 million.

Strong Backing by Crypto Community

Base did not have as many users as it did on August 21, when it set a new record for the most transactions in a day and also exceeded 136,000 daily active users. Data collected by Dune Analytics on September 14 revealed that Base had just around 86,000 DAUs.

On August 9, Base was released to the public, enabling its users to conduct a wide variety of tasks that were previously only possible on layer-2 networks, such as bridging tokens, swapping tokens to create liquidity, minting NFTs, and more.

The crypto community as a whole has embraced the network from its debut. More than 268,000 individual wallets on the layer-2 network created over 700,000 NFTs on September 6. More than $242 million in cryptos were transferred using the blockchain in its first two weeks, with 130,000 different wallets making use of it on a daily basis.

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