Base Blockchain Shatters Records: Over 2 Million Daily Transactions
Meanwhile data from Dune, another popular analytics platform, shows a steep increase in user activity. Transactions on the Base network surpassed the 2 million mark in the last week of March
According to data from analytics platform DeFiLlama, Base has experienced a surge in total volume locked (TVL) and daily volume. The US$1.169bn (AU$1.8bn) in TVL can be mainly attributed to popular dexes (decentralised exchanges) Aerodrome, Uniswap and lending & leveraged yield farming protocol Extra Finance.
Meanwhile data from Dune, another popular analytics platform, shows a steep increase in user activity. Transactions on the Base network surpassed the 2 million mark in the last week of March. The start of April saw an unprecedented 2.1 million transactions—overshadowing previous highs in September 2023, when transactions only reached 1.4 million.
An increase in daily transactions on a layer 2 blockchain signifies not just the network’s technical performance but also its growing role in the broader ecosystem of blockchain and cryptocurrency. It reflects positively on the network’s adoption, scalability, security, economic model, and overall value proposition to both users and developers.
