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Base Surges to Top Layer 2 with Over 4 Million Transactions and 1,220,883 Daily Active Addresses

Altszn.com by Altszn.com
July 27, 2024
in Blockchain, Crypto, DeFi, Web3
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Base Surges to Top Layer 2 with Over 4 Million Transactions and 1,220,883 Daily Active Addresses
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Base Surges to Top Layer 2 with Over 4 Million Transactions and 1,220,883 Daily Active Addresses

Base, a leading Layer 2 solution, has seen a significant surge in activity, becoming the top Layer 2 by daily transaction volume with over 4 million transactions

Base, a leading Layer 2 solution, has seen a significant surge in activity, becoming the top Layer 2 by daily transaction volume with over 4 million transactions.

In the past week, Base recorded 3.8 million active addresses, accounting for 38.8% of all active addresses on Ethereum Layer 2s. Yesterday alone, it recorded 1,220,883 daily active addresses, more than double of $ARB (494,214) and $OP (445,222).

The platform also achieved an all-time high in throughput with a gas target of 9.375 Mgas/s. Additionally, Base is pursuing Stage 1 decentralization by launching fault proofs on testnet, paving the way for permissionless validation.

The Onchain Content Network, featuring collaborations with major platforms like OpenSea, Magic Eden, and Rainbow, is set to enhance user engagement by showcasing projects and mints directly within these platforms.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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Read More: thedefiant.io

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