Coinbase’s L2 Base Logs 1.4 Million Transactions Post Recent Outage
Coinbase’s Ethereum layer-2 network garnered significant attention upon its launch. At the moment, the interest remains progressive, as indicated by the increasing number of transactions processed. Data from IntoTheBlock revealed that Base recently recorded a substantial 1.4 million transactions, closely approaching its previous record of 1.42 million, which was achieved back in August. Source Furthermore, the total count of addresses holding a balance on the Base network has witnessed a remarkable surge, reaching 1.25 million. This represented a notable twofold increase when compared to the preceding month. Along with this, the total value locked into this network hit an all-time high of $387 million. This increase is rather unexpected, especially in light of recent challenges faced by the network. In early September, the Base chain experienced difficulties, notably encountering a significant outage. During this incident on Sept. 5, the network ceased generating new blocks ...
