On November 15, the Coinbase-supported Base network proudly announced that it has completed 1 billion transactions since its launch in August 2023. This milestone was reached in just a year, which is an outstanding achievement compared to established networks like Bitcoin, which took more than 15 years to reach similar figures.
The rapid growth of Base is not surprising. The network quickly became the fastest growing Ethereum Layer-2 solution, surpassing competitors such as Optimism and Arbitrum. A recent CoinGecko report ranked Base as the second most popular blockchain in 2024, and the network is now attracting nine times more attention than its closest Layer-2 competitor, Arbitrum.
Market observers attribute the rapid growth of the network to the reliable support and resources provided by Coinbase, the $76 billion crypto exchange that manages Base. Moreover, the strength of the Coinbase brand as the largest cryptocurrency exchange in the United States has also undoubtedly contributed to the success of Base.
Base Network has reached 1 billion transactions
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