Coinbase’s Base Emerges as Leading Ethereum Layer-2

Base is rapidly evolving into a major player in Ethereum’s Layer-2 space, with a new Nansen report highlighting its growing influence.

Backed by Coinbase, the network is rolling out crucial upgrades aimed at making blockchain applications more accessible to mainstream users.

One of the most significant advancements is Flashblocks, a feature designed to slash block confirmation times from two seconds to just 200 milliseconds, potentially making Base the fastest EVM-compatible chain.

Meanwhile, Base Appchains are enabling projects like Blackbird’s restaurant loyalty system and Farcade AI’s gaming ecosystem to create high-performance Layer-3 networks tailored to their needs.

In addition, Base is introducing smart wallet improvements, incorporating intuitive interfaces and programmable spending limits to enhance usability. These innovations come as the network continues to see strong developer engagement and daily active users, consistently outperforming rival Layer-2s.

On the financial front, Base is now second only to Arbitrum in total value locked (TVL), but when excluding Arbitrum’s Hyperliquid, it would claim the top position. Adding to its momentum, regulatory clarity is improving, with the SEC dropping its case against Coinbase and a more crypto-friendly environment emerging—factors that could further accelerate adoption.