On November 15, the Coinbase-backed Base community proudly introduced that it has reached 1 billion transactions since its launch in August 2023. The milestone was reached in only one yr, a outstanding achievement in comparison with established networks like Bitcoin, which took over 15 years to achieve related milestones.
Base’s fast development isn’t any shock. The community has shortly turn out to be the fastest-growing Ethereum Layer-2 answer, surpassing opponents like Optimism and Arbitrum. A latest report from CoinGecko ranked Base because the second hottest blockchain in 2024, and the community now attracts 9 occasions extra consideration than its closest Layer-2 competitor, Arbitrum.
Market observers attribute the community’s fast development to the sturdy assist and assets supplied by Coinbase, the $76 billion crypto trade that operates Base. Furthermore, the energy of the Coinbase model as the biggest cryptocurrency trade within the US has additionally undoubtedly contributed to Base’s success.
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