Base Network’s daily transaction volume is close to 2 million, but it still lags behind Polygon and BSC

Base, Coinbase’s layer 2 network, set a new record for daily transactions, surpassing its previous record when it launched in August, according to data from Blockchain Explorer; Base Scan.

On September 14, the Layer 2 blockchain recorded 1.88 million transactions, surpassing the previous record of 1.41 million transactions set on August 21, the month the network was launched. The Layer 2 network surpassed other rival chains such as Optimism and Arbitrum, with a total of 878,000 transactions for the day.

Despite reaching this milestone, the layer 2 network still lags behind more prominent blockchains such as Polygon and Binance Smart Chain (BSC). Polygon recorded 2.1 million transactions on the day, while BSC recorded 3.1 million transactions on the day.

Unlike the previous transaction record on August 21, when the number of daily active users of the blockchain also reached 136,000 and the number of transactions was also high, this time the number of users on the second-tier network was not that large. As for daily active users, according to data recorded by Dune Analytics, as of September 14, Base had only about 86,000 daily active users.

Officially launched on August 9, Base allows users to exchange tokens, provide liquidity, create non-fungible tokens (NFTs), and perform many other activities that can be performed on a layer 2 network.

Since its launch, the network has been warmly welcomed by the crypto community. On September 6, more than 700,000 NFTs were issued through more than 268,000 unique wallets on the Layer 2 network. In the first two weeks of launch, more than $242 million in crypto assets were moved to the blockchain, with 130,000 unique wallets using it every day.

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