News Explorer — Base Daily Transactions Outpace Ethereum on Friend.tech Frenzy

By Decrypt August 23, 2023 In BNB, Cryptocurrencies, Ethereum

Base Daily Transactions Outpace Ethereum on Friend.tech Frenzy

Coinbase’s Ethereum layer2 solution, Base, has surpassed Ethereum in daily transactions, with 1.37 million transactions compared to Ethereum’s little over 1 million. Base, which aims to provide a quicker and cheaper platform for developers, has gained popularity due to the decentralized social media platform Friend.tech. However, there are concerns about the presence of bots and spammers on Base. Despite its growing user base, Base still lags behind Ethereum in terms of decentralized exchange volumes and total value locked in protocols.

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