Base Network Surpasses 7.5 Million Daily Transactions
The Base network has reached a milestone in its growth, with roughly 7.5 million transactions recorded on September 22. This figure is significant, but it's essential to understand that it includes not only high-value transactions but also low-value and automated activity.
Base's Layer 2 ecosystem, built by Coinbase, allows for cheaper transactions compared to the main Ethereum network. As a result, it can handle social actions, wallet automation, small trades, game events, and other application-level interactions that may carry little individual dollar value.
The growth of Base has come from various use cases beyond conventional DeFi, including consumer-facing apps, smart wallets, and social or commerce products. This broader mix of applications generates a higher number of transactions compared to networks focused mainly on high-value financial settlements.