Official announcements from Base or Coinbase

Base Ecosystem Achieves New Highs in Network Activity, 40 TPS, and User Growth

Jun 27, 2024, 09:46 PM

The Base ecosystem, an Ethereum Layer 2 (L2) solution incubated by Coinbase, is experiencing significant growth. Base has reached a new all-time high in network activity, processing over 40 transactions per second (TPS). It is the only L2 solution currently growing in terms of users and activity. The ecosystem is on track to attract over six million monthly active addresses, driven by the Onchain Summer initiative, which includes $2 million in incentives for builders. Base aims to drive blockchain technology adoption by developing user-friendly applications on crypto rails.