Base network, backed by Coinbase, recently celebrated a major milestone by reaching 1 billion transactions since its launch in August 2023. This achievement was accomplished in just one year, a feat that outshines even established networks like Bitcoin, which took over 15 years to achieve similar milestones.
Base has quickly emerged as the fastest-growing Ethereum Layer-2 solution, outpacing competitors such as Optimism and Arbitrum. According to a recent report from CoinGecko, Base is now ranked as the second most popular blockchain in 2024, attracting nine times more attention than its closest Layer-2 rival, Arbitrum.
Industry experts credit Base’s rapid growth to the strong support and resources provided by Coinbase, the $76 billion crypto exchange behind the network. Additionally, the reputation of Coinbase as the largest cryptocurrency exchange in the US has undoubtedly played a significant role in Base’s success.
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