Coinbase’s L2 Network Base Surpasses Arbitrum and Ethereum with 4.2M Daily Transactions

Coinbase's native layer 2 network Base has exceeded 4.2 million daily transactions, according to data from Coin98Analytics. Arbitrum came closest with 1.3 million transactions, followed by Ethereum with 1.1 million transactions. The L2 network reached an all-time high of 4.4 million transactions on September 9, four times ahead of Ethereum, its mainnet network.

Base's Scalability and Developer Appeal

Its scalability and low transaction fees are key factors driving its success in L2 networks. These features make it an attractive option for developers, leading to a surge in consumer applications.