Ethereum Layer 2 network Base Surpasses Optimistic Rollup Solutions
The Ethereum Layer 2 network Base, developed by Coinbase, has surpassed Optimistic Rollup solutions Arbitrum and Optimism in terms of average daily transactions. Here are the key points:
– Base’s seven-day moving average daily transaction count reached 610,000, surpassing Optimism’s 597,000 and Arbitrum’s 576,000.
– Daily active users surged to over 100,000 within a day of Base’s public mainnet launch, driven by friend.tech.
– Base led in new daily unique addresses and profits generated during the first six days after launch.
– However, these metrics have declined as the initial hype around Layer 2 subsides.
– Base generated 24,000 new addresses compared to Optimism’s 32,000 and Arbitrum’s 29,000 on August 17.
– In terms of daily revenue, Base generated $93,000, while Arbitrum generated $358,000 and Optimism generated $231,000.
– However, Arbitrum and Optimism maintain dominance in terms of value locked, with $4.2 billion and $1.4 billion in assets respectively, compared to Base’s $244 million.
Onchain Summer Initiative and Future Prospects
Base officially opened on August 9, with over 100 dapps and service providers, including Uniswap, SushiSwap, and Compound. It aims to offer lower transaction fees and faster speeds compared to Ethereum. In addition, the network launched the “Onchain Summer” initiative, showcasing onchain art, gaming, and music projects to demonstrate the efficiency of the Layer 2 chain.
Projects like Coca-Cola’s “Masterpiece” NFT collection and Friends With Benefits are participating in the event. However, it remains to be seen if Base can maintain its initial traction in the coming months.
Hot Take
Base’s rapid growth in daily transactions and active users is impressive, indicating a strong demand for Layer 2 solutions on Ethereum. While it faces competition from Arbitrum and Optimism, Base has shown its potential to provide faster and more cost-effective transactions. However, it needs to continue innovating and attracting new users to maintain its position in the market. With the ongoing “Onchain Summer” initiative, Base has the opportunity to showcase its capabilities and gain further attention in the crypto community.
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