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

August 19, 2023
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Coinbase’s new Ethereum (ETH) layer-2 scaling resolution briefly surpassed Optimism (OP) and Arbitrum (ARB) this week by way of each day transactions.

In keeping with information supplied by every scaling resolution’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 by way of each day transaction counts.

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

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

The alternate has famous there aren’t any plans to launch a community token related to Base. The challenge is designed to be suitable with Ethereum, Ethereum layer-2s and different 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 almost 1.5% up to now 24 hours and greater than 13% up to now 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 almost 5.75% up to now day and almost 18% up to now 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 belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in internet affiliate marketing.

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Tags: ArbitrumBrieflyCoinbasesDailydataEthereumLayer2OnchainOptimismSurpassesTransactions
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