CandleFocus Base Network Reaches 1 Billion Transactions
2024-11-18
Author: Content Editor
The Base network, backed by Coinbase, has reached a milestone of 1 billion transactions since its launch in August 2023. This achievement is notable considering it took Bitcoin over 15 years to reach a similar milestone. Base has become the fastest-growing Ethereum Layer-2 solution, surpassing competitors like Optimism and Arbitrum. A recent report ranked Base as the second most popular blockchain in 2024, with the network attracting nine times more attention than Arbitrum. Market observers credit the rapid growth to the support and resources provided by Coinbase, as well as the strength of the Coinbase brand as the largest cryptocurrency exchange in the US.
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