Base, the tokenless blockchain by Coinbase, has reached a new record for reported transactions, carrying more than 19% of token launches and maintaining high overall activity. Though it lags behind Solana in transaction volume, Base has scaled to handle over 7.3 million daily transactions compared to Ethereum's 1.19 million. Base is considered one of the most scalable and liquid L2 platforms and holds over $3.5 million in stablecoins. It leads in throughput and has seen increased inflows of bridged ETH into DeFi protocols. NFTs and social activity make up a small percentage of Base traffic, with its main focus being DeFi and the Aerodrome value and liquidity hub. While Base carries around $3 billion in tokens, it does not offer easy liquidity for new meme tokens. Base has not yet introduced a native token and is part of the Optimism superchain. It generates daily fees of $237.63K and pays out $3.25K to Ethereum. However, if Base aims to scale like Solana, its rent may increase. L2 chains have already experienced blob space saturation and have adjusted their posting schedules to minimize rent.



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