Base Blockchain Hits 11M Daily Transactions on November 26, Sees 50x Growth and $4B Bridged

Base, a Layer 2 blockchain developed by Coinbase, achieved a significant milestone by processing 11.447 million transactions on November 26, 2024. This marks the first time Base has surpassed 10 million transactions in a single day, exceeding the combined transaction volume of all other Layer 2 blockchains on the same day.

The platform has seen remarkable growth, with transactions increasing nearly 50-fold over the past year, from 263,000 to 11.4 million. Base's popularity has been driven in part by the meme craze surrounding Clanker and Virtuals Protocol. The blockchain offers faster and cheaper transactions while maintaining compatibility with Ethereum's virtual machine (EVM).

Additionally, close to $4 billion has been bridged from Ethereum's Layer 1 to Base, showcasing its growing adoption and utility. Coinbase, which developed Base, safeguards approximately $270 billion in assets. Base DEX transaction volume also surged significantly.

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