{"id":132263,"date":"2024-07-01T07:30:11","date_gmt":"2024-07-01T04:30:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/eng\/?p=132263"},"modified":"2024-07-01T13:08:15","modified_gmt":"2024-07-01T10:08:15","slug":"base-is-now-ethereums-most-used-l2-surpassing-arbitrum","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/base-is-now-ethereums-most-used-l2-surpassing-arbitrum\/","title":{"rendered":"Base is Now Ethereum&#8217;s Most Used L2, Surpassing Arbitrum"},"content":{"rendered":"<p>According to on-chain analyst Leon Weidman, the Base Network has officially become &#8220;the <em>most used layer 2 network on Ethereum<\/em>.&#8221;<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/eng\/cryptocurrency\/arbitrum\/\"><b><strong>Arbitrum<\/strong><\/b><\/a> previously held that position, but Base recently surpassed it. In the last 30 days, transactions processed on the network have increased by more than 60%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/BASE?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#BASE<\/a> is officially the most used <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#Ethereum<\/a> L2!\ud83e\udd47<\/p>\n<p>The <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#Coinbase<\/a> Chain has even surpassed the long-time leader of the <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#ETH<\/a> L2 ecosystem, <a href=\"https:\/\/twitter.com\/hashtag\/Arbitrum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#Arbitrum<\/a>!<\/p>\n<p>\ud83d\udd0eRecent transaction counts:<\/p>\n<p>\ud83d\udd39Base: 3.5M daily txs (+60% in the last 30d)<br \/>\n\ud83d\udd39Arbitrum: 2M daily txs (-22.3% in the last 30d) <a href=\"https:\/\/t.co\/x4p4N4hDBi\" target=\"_blank\">pic.twitter.com\/x4p4N4hDBi<\/a><\/p>\n<p>\u2014 Leon Waidmann | Onchain Insights\ud83d\udd0d (@LeonWaidmann) <a href=\"https:\/\/twitter.com\/LeonWaidmann\/status\/1807045397719978069?ref_src=twsrc%5Etfw\" target=\"_blank\">June 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On a daily basis, Base logs up to 3.5 million transactions, while Arbitrum handles about 2 million transactions. During this period, Base saw a 60% jump in daily transactions compared to a 22.3% increase for Arbitrum.<\/p>\n<p>Several factors likely contributed to Base&#8217;s significant growth, including the ongoing meme token craze.<\/p>\n<p>Currently, the total market capitalization of meme cryptocurrencies stands at around $50 billion, and the market capitalization of the Base network stands at $2.01 billion, according to Coingecko <a href=\"https:\/\/www.coingecko.com\/en\/categories\/base-meme-coins\" target=\"_blank\"><b><strong>data<\/strong><\/b><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase&#8217;s second-layer scaling protocol, Base Network, has recently surpassed some of its leading competitors, including Arbitrum.<\/p>\n","protected":false},"author":3,"featured_media":106176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-132263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Base is Now Ethereum&#039;s Most Used L2, Surpassing Arbitrum<\/title>\n<meta name=\"description\" content=\"Coinbase&#039;s Layer-2 scaling protocol, Base Network, has recently surpassed some of its leading competitors, including Arbitrum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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