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News

Base’s Transaction Hits Impressive Milestone By End of 2024

12 hours ago - Around 2 mins mins to read

Key Points:

  • Base’s transactions process over 8 million daily, growing from 500,000 in March to 7.5 million by December.
  • The platform’s Virtuals protocol helped related tokens reach a $3 billion market cap.
According to The Block, Base’ transactions continued to grow strongly in the fourth quarter, with more than 8 million daily transactions.
Base's Transaction Hits Impressive Milestone By End of 2024

Read more: Circle Stablecoin EURC Will Be Launched on Layer 2 Base Network

Base’s Transactions Surge Past 8 Million Daily

Since March, the network has been on an upward trajectory, growing Base’s transactions from around 500,000 to more than 7.5 million daily at the end of December. Ecosystem growth is powered by innovative protocols such as Virtuals, a platform of AI agents which have helped related tokens build a combined market capitalization of $3 billion.

Recent highlights include the record-breaking rise of MegaETH on the Echo platform, where $10 million was secured in just three minutes.

Reth Implementation Targets Base’s Scaling Challenges

The rapid growth of Base has brought its own scaling challenges. Storage demand increased, with archive nodes now requiring about 500GB every week and provisioning times stretching to 15 hours.

The network’s solution development team announced further implementations on Base by incorporating the scaling solution of Reth so as to boost efficiency with transparency in operation, along with the contribution at community levels.

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.

base

Base Network

Echo

ETH

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MegaETH

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.