Base Network Hits a New Milestone with 1.88 Million Daily Transactions, But Lags Behind Top Blockchains

Crypto News- Base Network, Coinbase’s secondary blockchain solution, achieved a significant milestone on September 14th, recording nearly 1.88 million daily transactions. This remarkable achievement surpassed its previous record of 1.41 million transactions, which was set in August during its launch month. This surge in transaction activity is a clear indicator of the growing adoption of the Base Network.

Base Network Hits a New Milestone with 1.88 Million Daily Transactions, But Lags Behind Top Blockchains

However, despite this impressive feat, Base Network still trails behind other prominent blockchains in terms of daily transaction volume. For comparison, on the same day, Polygon recorded 2.1 million transactions, while Binance Smart Chain (BSC) reported a substantial 3.1 million transactions. These figures highlight the fiercely competitive landscape within the blockchain ecosystem.

Notably, the recent spike in Base Network transactions did not coincide with the same level of daily active users observed during the previous record on August 21st. On September 14th, Base recorded approximately 86,000 daily active users, compared to the 136,000 users seen on the earlier record-setting day. This difference suggests that while transaction volumes have surged, user engagement may have experienced some fluctuations.

The fact that Base Network has broken its transaction volume record underscores its growing importance in the blockchain industry. As more users and applications adopt the platform, it has the potential to establish itself as a significant player in the blockchain space.