Base Network hits almost 2M transactions in a day, still trails Polygon, BSC

Coinbase layer-2 community Base hit a new peak in phrases of every day transactions, breaking its former document when it was launched in August, in line with knowledge from blockchain explorer BaseScan. 

On Sept. 14, the layer-2 blockchain hit 1.88 million transactions, surpassing its earlier document of 1.41 million transactions on Aug. 21 — the month when the community was launched. The layer-2 community surpassed different rival chains like Optimism and Arbitrum, which had a mixed 878,000 transactions for the day. 

Regardless of reaching the milestone, the layer-2 community is still lagging behind extra distinguished blockchains like Polygon and BNB Sensible Chain (BSC). Polygon had 2.1 million transactions on the date, whereas BSC had 3.1 million transactions on the identical day.

In contrast to its earlier transaction document on Aug. 21, when the blockchain additionally hit 136,000 daily active users together with its excessive variety of transactions, the layer-2 community didn’t have as many customers this time. In terms of every day lively customers, Base solely had round 86,000 on Sept. 14, according to knowledge recorded by Dune Analytics.

Base officially launched on Aug. 9, permitting customers to bridge tokens, swap tokens and supply liquidity, mint nonfungible tokens (NFTs) and do many different actions that could possibly be carried out on layer-2 networks. 

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Since its launch, the community has obtained a heat welcome from the crypto neighborhood. On Sept. 6, over 700,000 NFTs had been minted by more than 268,000 unique wallets on the layer-2 community. Throughout its first two weeks, over $242 million value of crypto property had been bridged to the blockchain, with 130,000 distinctive wallets utilizing it every day.

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