Base is an Ethereum-based layer 2 network that was created in the Coinbase incubator and built on the open source OP Stack. According to the protocol description, it offers a secure, inexpensive and developer-friendly way to create on-chain applications. Coinbase, the protocol's incubator, noted that it has no plans to issue new tokens for Base. Thus, the second level project will operate on the existing ETH tokens of the main Ethereum blockchain.
The data shows an increase in activity on the Base network. Base recently recorded 1.4 million daily transactions, approaching its previous all-time high.
The original record of 1.42 million daily transactions was set on August 21, 2023.
The analytics platform posted on App X (Twitter) that Base recently recorded a figure of 1.4 million daily transactions, approaching the previous record of 1.42 million transactions per day. The original entry was set on August 21, 2023.
Base is on the verge of a new record. The marketing intelligence platform used a screenshot to demonstrate the on-chain trajectory of a layer 2 solution based on Ethereum. The posted information showed that despite the decline in ETH prices, the number of transactions in the Base network is growing significantly.
The last time such a significant increase in daily transactions on Base occurred was in August. It should be noted that the last significant spike in this metric recorded was at odds with ETH price movements, similar to current developments. However, the spike was followed by a sharp decline in this metric, which then began to rise again in the first week of September.
On Wednesday, September 13th, IntoTheBlock announced the introduction of Base to its marketing intelligence suite. In a Medium post, the marketing intelligence platform said its Base Analytics will cover a wide range of advanced indicators, metrics and insights for the Base network.
Base Analytics from IntoTheBlock will include in-depth financial analysis, network behavior analysis, ownership analysis, exchange indicators and social analytics.
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