Coinspeaker
Coinbase’s Base Outperforms Several Ethereum-based Layer-2 Networks
The Ethereum layer-2 blockchain base from Coinbase Global Inc (NASDAQ: COIN) has outperformed several other secondary networks. Amongst the rapidly growing L2 blockchains, it hardly stands out as a technological pioneer. Its code, borrowed from Optimism, has thoroughly served Base, especially the OP Stack framework, which allows for the easy spinning up of new L2s.
Base Controls 18% of L2 Market Share
For a network launched only last year, Base has grown tremendously. It has climbed the ladder to become the second on the key industry leaderboard provided by L2Beat. Out of 74 active L2 networks, it has about 18% of the market share. It comes right after Arbitrum One, which dominates with a 40% share.
By this standard, Base is soaring above many other networks before they were even launched. This includes Starknet, Polygon, and even Optimism itself. In August, the Coinbase L2 chain welcomed man
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