Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Base rebounds to 10 million daily transactions, solidifying its role as a top Layer 2 performer

Base rebounds to 10 million daily transactions, solidifying its role as a top Layer 2 performer

The BlockThe Block2025/05/28 16:00
By:By Brandon Kae and Ivan Wu

Quick Take Coinbase has invested heavily in developer infrastructure and tooling for Base, creating a more accessible environment for projects looking to build on Layer 2 technology. The following is an excerpt from The Block’s Data and Insights newsletter.

Base rebounds to 10 million daily transactions, solidifying its role as a top Layer 2 performer image 0

Base has demonstrated impressive resilience in maintaining its growth trajectory, with transaction activity rebounding to approximately 10 million daily transactions after a brief dip to around 7 million in recent weeks. 

Daily active addresses have similarly recovered to approximately 1.5 million, indicating that the temporary decline in activity was more of a market-driven pullback rather than a fundamental loss of user interest in the Coinbase-backed Layer 2. This recovery pattern distinguishes Base from other Layer 2 solutions that have struggled to maintain consistent activity levels during periods of broader market uncertainty.

The network's appeal to builders and developers stems significantly from its direct association with Coinbase, which provides unique advantages beyond simple brand recognition. Coinbase has invested heavily in developer infrastructure and tooling for Base, creating a more accessible environment for projects looking to build on Layer 2 technology. The  Base ecosystem fund actively supports projects building on the network, providing both financial backing and strategic guidance that many competing Layer 2s cannot match with their own resources.

Base's trading infrastructure has evolved into a formidable competitor to both centralized exchanges and Ethereum mainnet activity, processing $1.3 billion in DEX volume over the past 24 hours. Aerodrome and Uniswap combine to facilitate approximately $1 billion of this trading volume, demonstrating that the network has successfully attracted established DeFi protocols while fostering native innovation.

This trading volume represents a significant portion of both Coinbase's centralized exchange volume ( $3 billion ) and Ethereum mainnet DEX activity ( also around $3 billion ), highlighting Base's emergence as a legitimate alternative trading venue.

This is an excerpt from  The Block's Data & Insights newsletter . Dig into the numbers making up the industry's most thought-provoking trends.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like