Coinbase’s Base Set To Overtake Arbitrum To Become The Biggest Ethereum L2 Network

Quick Summary:

Base, the Ethereum layer-2 scaling solution from crypto exchange Coinbase, has witnessed a surge in activity in the past two months and is now gunning for the top spot in the Ethereum ecosystem.

Looking at the IntoTheBlock (ITB) chart below, we can see the difference in Base’s activity compared to Arbitrum and Optimism.

As of the time of writing, Base’s stablecoin market cap has risen to $3.758 billion, with USD Coin (USDC) accounting for a dominant 92.82%.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Arbitrum Base Crypto News Coinbase Layer 2 Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 19:00:38 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23024046

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

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Publisher ID: #105

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