• 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’s Base Network Records First Outage After Its Launch In August

Kent Tenix
by Kent Tenix
1 year 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 encountered a significant issue for the first time since its public launch on August 9. According to information on the Base status site, block production unexpectedly stopped for 45 minutes on September 5. 

However, the team behind the platform acted to fix the problem after identifying the issue at 9:36 PM UTC. According to the site, all systems are operational, and block production has resumed. 

Related Reading: Shaping Tomorrow: Agoric’s Journey to Empower Web2 Developers Into Web3

Meanwhile, the team revealed that part of the internal Base infrastructure needed refreshing, which caused the glitch. The team noted:

We identified a delay in block production due to part of our internal infrastructure requiring a refresh. We’ve implemented a fix and are seeing widespread recovery,

In addition, the team said they will continue monitoring the Base chain to identify and fix further issues. 

Base’s Network Glitches Raise Questions About Its Robustness

Coinbase’s Ethereum-based Layer 2 network encountered another challenge on August 30, before its public launch. The team behind the platform noticed some Bridge transactions were not displaying on the page due to a technical outage on Basescan.

Before this event, the Base status site showed issues on August 24 and 25. On the former, the Team received reports of transaction pool leakage from some Remote Procedure Call (RPC) node providers.

Again, the Team quickly implemented a fix, but the network recorded withdrawal delays on August 25. According to the Team, the issue was due to delays from Coinbase.com. It did not impact the Base bridge and mainnet. The Coinbase’s Layer 2 team fixed the problem the same day, and withdrawals resumed.

While the team was proactive in fixing the issue, the reoccurrence of network glitches on the layer-2 protocol raised eyebrows about its reliability and robustness. 

Notably, Matt Willemsen, the head of research at Collective Shift, a crypto education platform, commented on the development. Willemsen outlined the potential risks of using Ethereum-based layer-2 networks instead of the Ethereum mainnet. 

Willemsen noted that Ethereum-based L2s, like OP Mainnet, Arbitrum One, zkSync Era, or Base, are less robust than the Ethereum mainnet.

TOTAL chart
The daily chart shows that the total crypto market cap is $1.02 trillion. | Source: TOTAL chart from TradingView.com

Coinbase’s Layer 2 Network Records Uptick In Activity

Meanwhile, according to reports, Base has been recording an uptick in transaction and network activity, even briefly surpassing Ethereum on August 21. 

According to leading DeFi analyst Thor Hartvigsen, as of August 18, Coinbase’s layer 2 network recorded more daily transactions than Optimism and Arbitrum combined. 

Related Reading: Bitcoin Spot ETF Battle Heats Up: Grayscale’s Latest Letter To SEC Unveiled

Data shows that Base has recorded a 48.64% increase in Total Value Locked (TVL), but its Transaction Per Second (TPS) is down 4.22%. However, speculations are high that the Friend.Tech Frenzy is fueling this activity uptick.

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

4 weeks ago
Coinbase

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

4 weeks ago

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    8 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    8 hours ago
  • From Institutional to Individual Investors: How XRP and...

    9 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    9 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    11 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.