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Base Network approaches 2 million transactions in a single day, yet trails behind Polygon and BSC.
Coinbase’s layer-2 network Base has achieved a new high in daily transactions, surpassing its previous record set at its launch in August, as reported by blockchain explorer BaseScan.
Daily transactions chart of layer-2 network Base. Source: BaseScan
On September 14, the layer-2 blockchain recorded 1.88 million transactions, exceeding its earlier record of 1.41 million transactions on August 21, the month of its launch. The layer-2 network outperformed competing chains such as Optimism and Arbitrum, which collectively processed 878,000 transactions that day.
Despite this achievement, the layer-2 network still trails behind larger blockchains like Polygon and BNB Smart Chain (BSC). On the same date, Polygon recorded 2.1 million transactions, while BSC had 3.1 million transactions.
In contrast to its previous transaction record on August 21, when the blockchain also reached 136,000 daily active users alongside its high transaction volume, the layer-2 network did not see as many users this time. On September 14, Base had approximately 86,000 daily active users, according to data from Dune Analytics.
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Daily active users of layer-2 network Base. Source: Dune Analytics
Base officially launched on August 9, enabling users to bridge tokens, swap tokens, provide liquidity, mint non-fungible tokens (NFTs), and engage in various other activities typical of layer-2 networks.
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Since its inception, the network has been positively received by the crypto community. On September 6, more than 700,000 NFTs were minted by over 268,000 unique wallets on the layer-2 network. In its first two weeks, over $242 million worth of crypto assets were bridged to the blockchain, with 130,000 unique wallets utilizing it daily.
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