Base Sets Records for Transaction Volume and Wallet Addresses

Base has made a significant impact in the Layer-2 segment by surpassing Optimism and Arbitrum in terms of transaction volume. This Layer-2 platform has not only set records for transaction numbers but also for the number of active wallet addresses on the chain, solidifying its position among the top Layer-2 solutions today.

On July 15th, Base processed over 3.28 million transactions. By the end of last week (July 19th), this number had risen to 3.52 million transactions, with an average daily increase of about 1.8%.

Simultaneously, the number of active wallets on Base also set a new record. From 567,000 wallets on July 15th, the number grew to nearly 650,000 by July 19th, with an average daily increase of about 3.5%.

Thanks to these achievements, Base has seen a significant increase in transaction fees. On July 20th, Base generated $177,000 in transaction fees, the highest amount in over a month. The total accumulated fees for the previous week reached $967,000.

Related: Top 10 Layer 2 Projects to Watch in the Near Future

TVL of Base

Despite surpassing in terms of transaction volume and wallet addresses, Base still lags behind Arbitrum in total value locked (TVL). Currently, Base holds $1.65 billion in TVL, while Arbitrum boasts nearly double at $3.25 billion. However, since early June, Base has overtaken OP Mainnet to become the largest superchain.