• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Coinbase

Coinbase Layer 2 Network Base Records Rapid Adoption After Launch

Kent Tenix
by Kent Tenix
2 years ago
·
Posted in Coinbase
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Coinbase’s newly launched layer-2 network, Base, has reached a new all-time high in user base. According to data from Dune Analytics, Base recorded a 30% increase in daily users, exceeding 100,000 a day following its official launch.

The Dune Analytics data shows that on August 10, over 136,000 daily users were recorded using the layer 2 network. This figure is the highest ever recorded in Base’s short period of existence.

Base Gains More Traction Following Its Public Release

Base is an Ethereum-based layer-2 network introduced by crypto exchange Coinbase on February 23. According to the firm, Base offers developers a safe, developer-friendly, and cheaper way to build web3-based applications on-chain.

Related Reading: Worldcoin Faces Increased Regulatory Scrutiny As Argentina Probes Operations

The launch of Base’s beta version in February sparked enthusiasm and anticipation across the crypto community. Many speculated that Base would leverage Coinbase’s vast user base to attract more users to Web3 protocols.

However, when its mainnet version launched on July 13, the team warned that the network wasn’t ready for users. Nevertheless, anticipation continued to build as many wanted to experience the network’s capabilities.

Coinbase officially launched Base chain on August 9, in what the network team tagged the beginning of “Onchain Summer.” As expected, Base is living up to the community’s expectations, with the number of new users rising each day after its public release.

To be exact, Base saw nearly 42,000 new users on August 10 alone. Although it recorded over 60,000 new users on July 31, August 10 stands out and that’s because the network saw over 136,000 daily users on August 10, its highest so far.

TOTAL chart
The crypto market cap currently hovers at $1.135 trillion in the daily chart. | Source: TOTAL chart from TradingView.com

Coinbase’s Layer 2 Ranks Fourth Among Top Layer-2 Solutions

An August 10 tweet by CryptoRank revealed that Base ranks 4th when it comes to transactions per second (TPS) among layer-2 solutions. This remarkable feat places Base among top-ranking layer-2 solutions regarding daily transactions per second (TPS). 

Following this, Base now tails behind zkSync Era, Arbitrum, and Optimism, representing a robust growth in active users and transactions.

Presently, Base users can bridge Ether to Base, interact with a decentralized crypto exchange, and transact on web-based apps. Also, it allows users to register a “.base” username or launch decentralized autonomous organizations (DAOs).

Meanwhile, the Base network is already moving to attract more users and may soon record a new high in daily users. Base launched a Nouns Prop House grant round on August 10 to fund developers who wish to build on its network.

Related Reading: Crypto Security Breach: Hackers Exploit Bitcoin Wallet Vulnerability, Make Off With $900K

Developers can submit their projects proposal, and those with higher votes will receive grants to build on Base. Meanwhile, the tweet stated that proposal submission will run till August 18. And only people holding a Base Day One NFT can vote.

Featured image from Pixabay and chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Kent Tenix

Kent Tenix

Follow

Kent is a talented freelance writer and journalist who creates insightful and thought-provoking content. With over 5 years of experience, she has honed her skills and established herself as an expert in her field. Kent is especially passionate about in-depth reporting and investigative journalism. She thoroughly researches every topic and story she covers to provide readers with comprehensive information and perceptive analysis. Whether she's reporting on politics, business, technology, or culture, Kent prioritizes accuracy, nuance, and integrity. Her goal with every piece is to inform readers and inspire meaningful conversations and positive change. Kent enjoys traveling, photography, and spending time with her family when she's not tirelessly conducting interviews or poring over data. She hopes to continue using her writing to enlighten and engage audiences on issues that matter.

Full Profile

Related Posts

Coinbase

US Court Grants Stay In Coinbase Biometric Data Lawsuit — Details

1 week ago
Coinbase

Coinbase’s US Training & Citizenship Rule To Thwart North Korean Threat

1 week ago
Coinbase Brings DEX Trading Unlocking Millions Of Assets For US Users

Coinbase Brings DEX Trading, Unlocking Millions Of Assets For US Users

3 weeks ago
Base Explains Network Disruption: Sequencer Glitch Led To 33-Minute Block Production Halt

Base Explains Network Disruption: Sequencer Glitch Led To 33-Minute Block Production Halt

3 weeks ago
Coinbase Plans $2 Billion Private Convertible Note Offering Following Q2 Results

Coinbase Plans $2 Billion Private Convertible Note Offering Following Q2 Results

3 weeks ago
Coinbase

Crypto Giant Coinbase’s UK Ad Stirs Both Controversy And Applause—Details

3 weeks ago

Premium Sponsors

Press Releases

  • OPTO Miner

    XRP’s post-holiday rebound is weak, and OPTO Miner...

    20 minutes ago
  • XRP retreats under pressure, while DOT Miners generates...

    5 hours ago
  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    6 hours ago
  • XRP's

    Amidst XRP’s volatile price, holders are flocking to...

    7 hours ago
  • BAY Miner Launches Mobile App, Unlocking Daily Income...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.