HomeNewsPolygon Still Reigns Supreme as Base Network Achieves 1.88 Million Daily Transactions

Polygon Still Reigns Supreme as Base Network Achieves 1.88 Million Daily Transactions

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  • Base network achieves a new high with 1.88 million transactions on September 14.
  • Polygon outperforms Base with 2.1 million transactions on the same day.

Coinbase’s layer-2 network, Base, shattered its previous records by registering a daily transaction count of 1.88 million on September 14. This impressive figure not only surpasses the former record of 1.41 million transactions set in August but also outperforms competitor chains such as Optimism and Arbitrum, which jointly recorded 878,000 transactions that day. Drawing on this, the latest update comes from Cointelegraph.

Challenges for Base: Less Active Users

While the increased number of transactions signifies growing acceptance and use, a deeper look reveals that Base might be facing a challenge in terms of daily active users. On its record-breaking day in August, the blockchain had also boasted 136,000 daily active users. However, the surge in transactions on September 14 was accompanied by a mere 86,000 users, data from Dune Analytics showed.

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Despite these achievements, Base still lags behind more established blockchains. Polygon, for instance, recorded a whooping 2.1 million transactions on the same day Base hit its new peak. Furthermore, BNB Smart Chain (BSC) marked an even higher figure, with 3.1 million transactions.

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Base Network’s Growth Since Launch

The Base network, which was officially introduced to the world on August 9, facilitates users with a range of services. From bridging and swapping tokens to minting nonfungible tokens (NFTs), the functionalities of this layer-2 network are diverse. Since its inception, the platform has witnessed significant traction from the crypto community. A testament to this is the fact that over 700,000 NFTs were minted by a massive 268,000 unique wallets on the network just on September 6. Additionally, the initial two weeks saw crypto assets worth over $242 million being bridged to the blockchain, drawing 130,000 unique wallets daily.

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