Coinbase’s New Ethereum Layer-2 Surpasses Optimism and Arbitrum in Daily Transactions
Coinbase’s new Ethereum (ETH) layer-2 scaling solution, called Base, has briefly surpassed Optimism and Arbitrum in terms of daily transactions, according to data provided by each scaling solution’s block explorers. On August 13th, Base recorded 617,330 transactions, compared to 438,559 for Optimism and 544,575 for Arbitrum on the same day.
Key Points:
- Base’s all-time high daily transaction count was reached on August 10th, with 757,294 transactions.
- The layer-2 project is powered by Optimism and was launched earlier this month.
- Coinbase aims to onboard over a billion people into the crypto economy with Base.
- Base is designed to be compatible with Ethereum, Ethereum layer-2s, and alternative layer-1 blockchains.
- Optimism’s native token, OP, is currently trading at $1.38, whereas Arbitrum’s native token, ARB, is trading around $0.987.
Hot Take:
Base’s success in surpassing Optimism and Arbitrum in daily transactions demonstrates the growing demand for layer-2 scaling solutions in the crypto space. With Coinbase’s intention to onboard a billion people into the crypto economy, Base could play a significant role in expanding adoption and improving transaction scalability on the Ethereum network.
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