Base Network leads Layer 2 with nearly 40% more daily active addresses than Arbitrum and Optimism combined.
Base’s total value locked surged over 200% to reach $3 billion in just a few days
According to IntoTheBlock data, Base’s transaction volume increased by 300% during Q2 2024, and it now outpaces its competitors, Arbitrum and Optimism, in daily active addresses by about 40%. This rise in activity demonstrates Base’s increasing dominance in the layer 2 sector.
The gap in Layer 2 networks is growing, with @base now recording nearly 40% more daily active addresses than Arbitrum and Optimism combined. pic.twitter.com/MSNvoJb4mm
— IntoTheBlock (@intotheblock) August 22, 2024
Record-Breaking Transactions Highlight Base Rapid Expansion
Several reasons contribute to the network’s exceptional growth trajectory. Base reported a record-breaking 2.275 million transactions in a single day in March 2024, along with a stunning $730 million in transaction volume on decentralized excha
