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News

Base Network Achieves Record-Breaking 1.88 Million Daily Transactions, Still Trails Behind Leading Blockchains

September 17, 2023 - Around 2 mins mins to read

Key Points:

  • Coinbase’s second-tier blockchain, Base network, achieves a record-breaking 1.88 million daily transactions on September 14, showcasing its growing adoption.
  • Despite this milestone, Base network still trails behind leading blockchains like Polygon and Binance Smart Chain in terms of daily transaction volume, highlighting the competitive nature of the blockchain ecosystem.
Base network, Coinbase’s second-tier blockchain solution, has achieved a significant milestone by recording nearly 1.88 million daily transactions on September 14. 
Base Network Achieves Record-Breaking 1.88 Million Daily Transactions, Still Trails Behind Leading Blockchains

This impressive figure marked a new high for Base, surpassing its previous record of 1.41 million transactions set in August, the month of its launch. The achievement demonstrates the growing adoption and utilization of the Base network.

Despite this remarkable feat, Base network still trails behind other prominent blockchains in terms of daily transaction volume. For comparison, Polygon, a well-known blockchain platform, recorded 2.1 million transactions on the same day, while Binance Smart Chain (BSC) reported a substantial 3.1 million transactions. These figures highlight the competitive landscape within the blockchain ecosystem.

Notably, the latest surge in transactions on Base network did not coincide with the same level of daily active users seen during the previous record on August 21. On September 14, Base recorded approximately 86,000 daily active users, in contrast to the 136,000 users observed on the earlier record-setting day. This discrepancy suggests that while transaction volumes have surged, user engagement may have experienced some fluctuations.

The Base network’s success in breaking its transaction volume record underscores its growing relevance within the blockchain industry. As more users and applications embrace the platform, it has the potential to further establish itself as a formidable player in the blockchain space.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

News

Base Network Achieves Record-Breaking 1.88 Million Daily Transactions, Still Trails Behind Leading Blockchains

Key Points:

  • Coinbase’s second-tier blockchain, Base network, achieves a record-breaking 1.88 million daily transactions on September 14, showcasing its growing adoption.
  • Despite this milestone, Base network still trails behind leading blockchains like Polygon and Binance Smart Chain in terms of daily transaction volume, highlighting the competitive nature of the blockchain ecosystem.
Base network, Coinbase’s second-tier blockchain solution, has achieved a significant milestone by recording nearly 1.88 million daily transactions on September 14. 
Base Network Achieves Record-Breaking 1.88 Million Daily Transactions, Still Trails Behind Leading Blockchains

This impressive figure marked a new high for Base, surpassing its previous record of 1.41 million transactions set in August, the month of its launch. The achievement demonstrates the growing adoption and utilization of the Base network.

Despite this remarkable feat, Base network still trails behind other prominent blockchains in terms of daily transaction volume. For comparison, Polygon, a well-known blockchain platform, recorded 2.1 million transactions on the same day, while Binance Smart Chain (BSC) reported a substantial 3.1 million transactions. These figures highlight the competitive landscape within the blockchain ecosystem.

Notably, the latest surge in transactions on Base network did not coincide with the same level of daily active users seen during the previous record on August 21. On September 14, Base recorded approximately 86,000 daily active users, in contrast to the 136,000 users observed on the earlier record-setting day. This discrepancy suggests that while transaction volumes have surged, user engagement may have experienced some fluctuations.

The Base network’s success in breaking its transaction volume record underscores its growing relevance within the blockchain industry. As more users and applications embrace the platform, it has the potential to further establish itself as a formidable player in the blockchain space.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.