Base Layer2 Network from Coinbase Leads in New Addresses in Q2 2024

IconCryptoNewsTerminal Staff08 Jul, 2024

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Base Layer2 Network from Coinbase Leads in New Addresses in Q2 2024

Coin98's official X 2024 Q2 Layer2 report, released via Medium, reveals that Coinbase's Layer2 network, Base, led the industry in new addresses for Q2 2024, with an impressive 16 million new addresses. The report also highlights the performance of other Layer2 networks: - opBNB, Base, and Arbitrum (ARB) outperformed other Layer2s in terms of transaction volume. - Blur's Layer2 network, BLST, experienced a remarkable 484% increase in total transaction volume. - opBNB recorded the highest number of transactions (429 million). Coinbase's Base has established itself as a prominent player in the Layer2 landscape, offering users a fast, secure, and scalable platform for transactions. The network's growth in new addresses indicates its growing adoption and popularity among users.

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