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Base Network had more daily transactions than Optimism and Arbitrum but still fell behind Polygon and Binance Smart Chain (BSC).

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Coinbase’s layer-2 network called Base achieved a new daily transaction record, surpassing its previous high since its launch in August, as reported by blockchain explorer BaseScan.

On September 14, Coinbase’s layer-2 blockchain, Base, reached a new high with 1.88 million transactions, surpassing its earlier record in August when it had 1.41 million transactions during its launch month. Base outperformed rival chains like Optimism and Arbitrum, which had a combined total of 878,000 transactions on the same day.

Daily transactions chart of layer-2 network Base. Source: BaseScan

However, Base Network still trails behind more prominent blockchains like Polygon and Binance Smart Chain (BSC). Polygon recorded 2.1 million transactions, while BSC had 3.1 million transactions on that particular day.

It’s worth noting that, unlike its previous record in August when Base had 136,000 daily active users alongside high transaction numbers, the layer-2 network had fewer users this time, with only around 86,000 daily active users on September 14, according to data from Dune Analytics.

Base officially started on August 9, offering users various functions such as bridging and swapping tokens, providing liquidity, minting NFTs, and more on its layer-2 network.

Since its launch, Base has been well-received by the cryptocurrency community. On September 6, more than 268,000 different wallets minted over 700,000 NFTs on the layer-2 network. In the first two weeks after its launch, over $242 million worth of cryptocurrency assets were transferred to the blockchain, and the network saw 130,000 unique wallets using it daily.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bitcoin #CryptoNews #cryptomarket #BaseNetwork #BaseChain

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According to DeFi Llama data, Solana’s total value locked (TVL) dropped by 9.64% in the last month to $358.96 million, while Base’s TVL rose sharply to $397.32 million.

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Coinbase’s layer 2 network, Base, has seen its total value locked (TVL) grow to $397.32 million in just about a month and a half since its August launch. This now puts Base ahead of the Solana network, which has $358.96 million in TVL currently.In the last 30 days, Base has experienced a remarkable 97.21% increase in its TVL, as per DeFi Llama data. In contrast, Solana’s TVL has dropped by 9.64% during the same period.

Top 10 chains in terms of TVL. Source: DeFi Llama
Two projects native to Base have the largest portions of the network’s total value locked (TVL).

Aerodrome TVL since launch. Source: DeFi Llama
Friend.tech, which launched on August 11, allows users to tokenize their social networks by buying and selling “Keys.” In late August, it faced criticism for declining user activity and high fees, but it made a remarkable comeback in September.
According to DeFi Llama, Friend.tech’s total value locked (TVL) increased by a staggering 540% in the past month. Most of this growth occurred after a surge that began on September 9, coinciding with a significant increase in daily trading volume.
Further down the list, Base’s TVL is primarily attributed to multi-network DeFi platforms like Compound, Curve, and Uniswap.

Friend.tech TVL since launch. Source: DeFi Llama
Base achieved a new record in daily transactions, reaching 1.88 million on September 14, as reported by BaseScan. This number significantly surpassed competing chains like Optimism and Arbitrum, which together had nearly 880,000 transactions on the same day.

Base daily transactions. Source: Base ScanThe all-time high for Base’s daily transactions still stands, but it has since dropped to around 908,000 as of September 22.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Base #BaseChain #Solana

🛫🔗 Introducing Aerodrome: The Next-Gen AMM DEX on Base Chain! 💹🚀
🚀 Let's dive into key features and potential of #AERO in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Aerodrome is a cutting-edge Automated Market Maker (AMM) Decentralized Exchange (DEX) aiming to be the central liquidity hub on the Base chain. With its powerful liquidity engine and user-friendly experience, it's set to revolutionize DeFi.
2️⃣ Technology and Features: Inheriting features from Velodrome V2, Aerodrome offers low fees, high APYs for liquidity providers, and community governance. It implements anti-dilution rebases to prevent AERO token dilution.
3️⃣ Whitepaper Analysis: Aerodrome Finance is a next-generation AMM designed to serve as Base's central liquidity hub, combining a powerful liquidity incentive engine, vote-lock governance model, and friendly user experience. Aerodrome inherits the latest features from Velodrome V2. Aerodrome launched on 28th of August, 2023 on BASE network.
4️⃣ Use Case: Aerodrome aims to become a key player in the Base ecosystem, with AERO tokens distributed to liquidity providers and serving as governance tokens for decision-making.
5️⃣ Team and Leadership: Though specifics aren't available, Aerodrome is a collaboration between Velodrome and Base blockchain innovators, ensuring expertise and vision.
6️⃣ Partnerships: Aerodrome launched with 20+ partners like Thales, Liquity, and Beefy, amplifying its offerings and driving early activity.
7️⃣ Tokenomics: With an Total supply of 1005.42 million AERO tokens and 450 million allocated for voting lock-up, Aerodrome's emission strategy ensures sustainable growth.
8️⃣ Exchanges: AERO tokens are tradable on decentralized and centralized exchanges, with Aerodrome (Base) being the primary option alongside Coinbase Exchange and Gate.io.
9️⃣ Recent Developments: Aerodrome Finance received investment from the Base Ecosystem fund, led by CB Ventures, leading to a significant price surge.
🔟 Conclusion: Aerodrome emerges as a promising project in DeFi, poised to be the central liquidity hub on the Base chain. With innovative features, strategic partnerships, and community governance, it's set to reshape the crypto landscape.
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🚀 Particle (PTC): Redefining DeFi with Permissionless Leverage Trading 📈
🚀 Let's dive into key features and potential of #PTC in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Particle (PTC) is an innovative ecosystem designed for permissionless leverage trading and interest rate swaps. Built on the Base blockchain, it aims to push the technological envelope within the DeFi space. PTC’s primary use case is facilitating cross-chain transactions.
2️⃣ Technology and Features: Particle introduces original protocols that enable liquidity restaking and leverage trading. Its system relies on timestamping transactions using cryptographic proof-of-work functions to prevent double-spending and maintain transaction order.
3️⃣ Whitepaper Analysis:
• Timestamping Mechanism: Ensures security and chronological order for transactions.
• Mining and Consensus: Mining adds new transactions to the blockchain.
• Cross-Chain Transactions: PTC facilitates seamless cross-chain transactions.
• Meritocratic Participation: Token-centric models encourage user engagement.
• Decentralization: Supports a permissionless environment for contributors.
4️⃣ Use Case: Particle’s primary use case is enabling permissionless leverage trading and interest rate swaps. The PTC token plays a crucial role in cross-chain transactions and incentivizing participation within the ecosystem.
5️⃣ Team and Leadership: Specific details about Particle’s team are not readily available.
6️⃣ Partnerships: Particle is backed by Polychain Capital, Nascent, Arthur Hayes, DCF, Naveen, FLC and many more.
7️⃣ Security and Audits: Particle’s security measures and audit history are not explicitly documented.
8️⃣ Tokenomics:
• Total Supply: 200.00 Million PTC Token.
• Circulating Supply: 36.36 Million PTC Token.
9️⃣ Exchanges: PTC tokens can be traded on centralized exchanges like Bybit, Gate.io, and Thruster V3.
🔟 Conclusion: Particle (PTC) presents an intriguing approach to DeFi with its focus on leverage trading and cross-chain transactions.
🌟 If You find this thread useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#DEFI #Base #BaseChain #particle #bitcoin $BTC
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