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Coinbase’s New Ethereum Layer-2 Briefly Surpasses Optimism and Arbitrum in Daily Transactions: On-Chain Data

August 19, 2023
in Altcoin
Reading Time: 2 mins read
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Coinbase’s new Ethereum (ETH) layer-2 scaling answer briefly surpassed Optimism (OP) and Arbitrum (ARB) this week when it comes to each day transactions.

In accordance with information offered by every scaling answer’s respective block explorers, Base hit 617,330 transactions on August thirteenth, in comparison with 438,559 for Optimism and 544,575 for Arbitrum on the identical day.

Each Optimism and Arbitrum have since surpassed Base when it comes to each day transaction counts.

Base’s all-time excessive degree of each day transactions really occurred three days earlier on August tenth, when it hit 757,294.

The brand new layer-2 undertaking formally launched earlier this month and is powered by Optimism. Coinbase has beforehand mentioned it hopes Base helps onboard over a billion individuals into the crypto economic system.

The change has famous there aren’t any plans to launch a community token related to Base. The undertaking is designed to be appropriate with Ethereum, Ethereum layer-2s and various layer-1 blockchains.

Optimism’s native token, OP, is buying and selling at $1.38 at time of writing. The Forty second-ranked crypto asset by market cap is down practically 1.5% previously 24 hours and greater than 13% previously seven days.

Arbitrum’s native token, ARB, is buying and selling round $0.987 at time of writing. The Thirty ninth-ranked crypto asset by market cap is down practically 5.75% previously day and practically 18% previously week.

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Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate marketing online.

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Tags: ArbitrumbrieflyCoinbasesDailyDataEthereumLayer2OnChainOptimismSurpassesTransactions
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