Layer-2 Network Base Achieves 1.88 Million Daily Transactions

• The layer-2 network processed more transactions than Optimism and Arbitrum combined.
• Despite the success, the layer-2 network remains behind prominent layer-2 networks.

Statistics from blockchain analytics provider BaseScan shows that Layer-2 Network Base broke its previous record for daily transactions, set on launch in August.

Base reached 1.88M transactions on September 14, exceeding the earlier record of 1.41M transactions reached on August 21. The layer-2 network processed more transactions than Optimism and Arbitrum combined (878,000) in a single day.

Despite the success, the layer-2 network remains behind other, more well-known blockchains like as Polygon and BNB Smart Chain (BSC). On the same day, BSC processed 3.1 million transactions, whereas Polygon processed 2.1 million.

Base did not have as many users as it did on August 21, when it set a new record for the most transactions in a day and also exceeded 136,000 daily active users. Data collected by Dune Analytics on September 14 revealed that Base had just around 86,000 DAUs.

On August 9, Base was released to the public, enabling its users to conduct a wide variety of tasks that were previously only possible on layer-2 networks, such as bridging tokens, swapping tokens to create liquidity, minting NFTs, and more.

The crypto community as a whole has embraced the network from its debut. More than 268,000 individual wallets on the layer-2 network created over 700,000 NFTs on September 6. More than $242 million in cryptos were transferred using the blockchain in its first two weeks, with 130,000 different wallets making use of it on a daily basis.

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