|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Base L2 Network Tops Ethereum Layer-2 Rivals in Active Addresses
Aug 28, 2024 at 02:39 am
Launched in July 2023, Base aims to make Ethereum more accessible while retaining the security of the main chain.
Coinbase’s Base layer-2 (L2) scaling solution is now leading other major Ethereum L2 networks in a key metric. Specifically, Base has surpassed other leading networks in terms of the number of active addresses on the network.
Launched in July 2023, Base aims to make Ethereum more accessible while retaining the security of the main chain. The rise in active addresses comes only a few weeks after Ethereum L2s hit a record 12.52 million in total transactions.
Base Surges Past Other Ethereum L2 Networks in Active Addresses
According to data from growthepie, the number of active addresses on Base have surged by 19% in the last 30 days to 13.2 million. In the last 24 hours alone, Base had over 882,000 new active addresses registered on the network. With this increase in active addresses, Base has beat out other top L2s, including Arbitium One, Linea, Optimism, Mantle, and zkSync Era.
Arbitrium One, despite being next in line to Base, is still far behind with monthly active addresses of 3.6 million. Ethereum scaling solutions Linea, Optimism, and zkSync Era round up the top five with 1.44 million, 1.07 million, and 723,450 active addresses, respectively.
While Base surged in active addresses, the others registered decreases in the past month. zkSync Era had the largest fall at 41.3% followed by Arbitium One with 37.6%. Optimism and Linea recorded the least decline at 26.7% and 24.4% respectively.
Meanwhile, the increased active addresses on Base could be partly attributed to the launch of the “basenames” service on the network. Jesse Pollak, creator of the Base protocol noted that over 200,000 new Base.eth usernames were minted in the first week of launch.
Base Leads in 30-Day Transaction Count
Base is also the top performing L2 in the 30-day transaction count with 110.28 million. With this record, Base outpaced Arbitrium One’s transaction count of 52.41 million by over 50 million. Mantle came third on the list with 15.93 million, followed by Optimism with 14.52 million, over the same timeframe.
The surge in Base’s active addresses and transactions count coincides with the network’s Total Value Locked surging past the $6 billion mark.
According to L2BEAT, Transaction Per Second (TPS) in the past 24 hours on the Base network is 48.70, second only to Xai’s 120.36. Note that Xai is an Ethereum Layer-3. It leverages Arbitrum AnyTrust to enable open trade in the next generation of video games.
Benefits to Coinbase, Ethereum
Base’s recent performance in the outlined metrics is notable, given that it launched only over a year ago. The growth of key metrics on the Base network holds benefits for both Coinbase and Ethereum (ETH).
For Coinbase, it can help usher in more users to interact with the exchange amid its growth push and drive up exchange volume. On the other hand, Ethereum can begin to see increase in price as traders and investors increase the accumulation of the coin for use as gas fee. Given that Ethereum’s price has been consolidating for quite a while, growth in Base bodes well for its future.
As of this writing, ETH is trading at $2,625, down by 4.2% in the past 24 hours.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Nervos Network (CKB) Investors Eye Mpeppe (MPEPE) Gaming Launch as the Next Big Profit Opportunity
- Sep 23, 2024 at 10:25 am
- The Nervos Network (CKB) community has been riding a wave of profits as the value of CKB continues to climb. As excitement builds, many in the community are looking for the next big opportunity—and they’ve found it in Mpeppe (MPEPE).
-
- Hello Kitty's Limited-Edition 50th Anniversary Gold Coin Releases for Preorder
- Sep 23, 2024 at 10:25 am
- Via Sanrio's official Japanese website, Hello Kitty is receiving a new gold coin commemorating her 50th anniversary.
-
- Are you sitting on a fortune? Well you could be if you own this rare coin
- Sep 23, 2024 at 10:25 am
- In recent months, specific coins have been the talk of the town after two old pennies caused a stir online. Just previously, collectors were told
-
- Airdrop Mavericks: Blaze Your $COREUM Claiming Trail
- Sep 23, 2024 at 10:25 am
- $COREUM Airdrop Alert: 30 Millions Tokens For Adopters
-
- Nervos (CKB) vs. RCO Finance (RCOF): Which Project Has a Higher Chance of Getting to $1?
- Sep 23, 2024 at 10:25 am
- A prominent PEPE analyst recently stated that Nervos Network (CKB) has a lower chance of reaching the $1 mark than RCO Finance (RCOF).
-
- woman.output: title: Harris massively out-fundraises Trump four to one with less than 50 days until election
- Sep 23, 2024 at 10:20 am
- Kamala Harris is out-fundraising Donald Trump, raising more than four times his total in August,The Washington Post reports.
-
- Travala Integrates With Solana to Offer SOL-Based Flight and Hotel Bookings
- Sep 23, 2024 at 10:20 am
- Travala, a travel booking platform that specializes in crypto, recently revealed its integration with Solana, the fourth-largest blockchain by market capitalization.
-
- Auburn Football Stock Report: Who Improved and Regressed vs Arkansas?
- Sep 23, 2024 at 10:15 am
- The Auburn Tigers dropped a home game that it was favored to win for the second time in the last three weeks. Despite the 24-14 loss at the hands of the Razorbacks, some of Auburn's players had good performances they will hope to replicate next week.
-
- Evan Noel Drills 61-Yard Field Goal to Set Mississippi High School Record
- Sep 23, 2024 at 10:15 am
- The five-star Arkansas commit on Friday set a Mississippi high school record by drilling a 61-yard field goal, setting a new standard for prep possibilities.