Average daily TPS on Base Increases by 156%
Base, the layer 2 blockchain supported by Coinbase (COIN), has experienced a significant increase in average daily transactions per second (TPS) in the past week. According to l2beat, Base achieved a record high of 15.88 TPS, surpassing Ethereum, Arbitrum, and Optimism.
Key Points:
- Base’s TPS has risen by 156% in the past week.
- Investors are attracted to Base due to friend.tech, a social market where users can trade shares in public figures.
- Friend.tech has gained over 100,000 users shortly after its launch.
- Total value locked (TVL) on Base has increased to $188 million, with BaseSwap and Stargate being the dominant platforms.
- Other protocols like Synthetix and Arkham Intelligence are shifting their focus to Base, with Synthetix deploying on the layer 2 and Arkham Intelligence adding support for Base.
Since its mainnet launch one month ago, Base has already facilitated over 11.5 million transactions.
Hot Take:
Base’s impressive surge in TPS and its growing ecosystem of partnerships and users demonstrate its potential to become a prominent player in the layer 2 blockchain space. As more protocols and users flock to Base, it has the opportunity to solidify its position as a competitive alternative to established blockchains like Ethereum.
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