Base Transaction Volume Briefly Tops Optimism and Arbitrum Despite Scams

2023-8-21 19:06

Coinbase’s Layer-2 network Base is already competing with the top Layer-2 networks as its daily transaction volume recently surpassed Optimism and Arbitrum.

Onchain data from the block explorers of the networks show that Base recently hit 617,330 transactions on August 13, surpassing the 544,575 on Arbitrum and 438,559 for Optimism on the same day.

Base Enjoys Growth Since Public Launch

Although Arbitrum and Optimism have since regained their lead, the incident highlights the level of activity on Base since launch and how the competition among the top networks could shape up.

Ethereum L2 Daily Transactions. Source: IntoTheBlock

Since its public launch on August 9, Base has seen a high transaction volume, with the layer2 solution witnessing an influx of memecoin and other token creations. Even before its public launch, the BALD memecoin had drawn crypto traders interest to the network.

Check Out The Best Cloud Mining Sites 2023: A Beginners Guide

However, the recent debut of the friend.tech social network has further driven its network’s growth. Coinbase has also contributed to the popularity of its layer-2 network with the Onchain Summer initiative.

While the multi-week event is set to end by the end of this month, it is already driving users to the network with several projects, including Coca-Cola launching a Masterpiece NFT collection on the layer2 scaling solution.

With all these activities, Base daily transactions per second have been improving and is currently at 7.69, according to L2Beat data. Besides that, the total value of assets locked on the network has also increased to $229 million.

Scam Projects Plenty on Base

Meanwhile, Base is already earning a bad reputation for being home to several scam projects. There have been rug pulls of at least two projects on the network since it launched, and a recent report shows that there are more than 500 scam projects on the network.

The report by Solidus shows that these scam tokens have attracted more than $3.7 million in trading volume. The scammers are rug-pulling the tokens by withdrawing liquidity once they gain traction, minting excess new tokens, and selling everything off.

Last week, BeInCrypto reported how an ex-employee of Uniswap was accused of rug-pulling 14 ETH, around $26,000, from a meme project on the Coinbase-backed layer2 network.

Here are the 6 Best Copy Trading Platforms in 2023

The post Base Transaction Volume Briefly Tops Optimism and Arbitrum Despite Scams appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Volume Network (VOL) на Currencies.ru

$ 0.0001001 (-0.02%)
Объем 24H $0
Изменеия 24h: 0.10 %, 7d: 0.11 %
Cегодня L: $0.0001001 - H: $0.0001001
Капитализация $0 Rank 3549
Доступно / Всего 0 VOL

optimism base briefly transaction volume arbitrum scams

optimism base → Результатов: 29


Сеть Base от Coinbase обошла StarkNet по TVL

9 августа Coinbase открыла мейннет решения второго уровня Base для публичного доступа.  TVL сети достиг $153 млн, она опередила по этому показателю StarkNet, работающую с 2021 года. Base построена на основе программного стека OP Stack от Optimism и работает как Ethereum-сеть роллапов.

2023-8-11 11:45


Coinbase анонсировала запуск собственного сайдчейна на базе Optimism

Американская криптовалютная биржа Coinbase запускает собственный сайдчейн на базе Optimism под названием Base. Об этом биржа сообщила у себя в официальном блоге. Ожидается, что новинка станет кросс-чейн мостом, через который пользователи смогут подключаться к различным сайдчейнам экосистемы Ethereum.

2023-2-24 10:55


Coinbase объявила о запуске тестнета Base Protocol на базе Эфириума

Одна из крупнейших криптовалютных бирж Coinbase заявила о запуске тестовой сети второго уровня Base. Решение работает на базе Эфириума и использует технологии Optimism.

2023-2-25 10:12