Coinbase Layer-2 scaling solution Base has outperformed the likes of Arbitrum and Ethereum in terms of the volume of daily transactions.
Base Transaction Spike
According to L2Beat data, Base’s 30-day transaction count is at 45.21 million, Arbitrum One at 38.58 million, and Ethereum at 37.93 million. Noteworthy, Arbitrum Nova has the highest 30-day transaction count of 81.31 million.
Coinbase’s Base Total Value Locked (TVL) is currently at $3.89 billion after recording a 19.96% increase in the volume of transactions in the last seven days. Compared to Arbitrum One and Ethereum, this is a significant growth for the L2. Arbitrum One has seen a transaction plunge pegged at 4.87% and this places its TVL at only about $18.45 billion.
Ethereum’s TVL is $40.02 billion, down by 4.24% from its value seven days ago. A month ago, Ethereum L2 Arbitrum was conveniently leading the other L2s on the list but Base seems to have outpaced it suddenly. Considering how Base was challenged by some n
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