For the first time in history, Base – the Layer 2 blockchain developed by Coinbase – has surpassed the Ethereum [ETH] Mainnet in terms of daily transaction volume.
This milestone marks a significant turning point for the Ethereum ecosystem. Layer 2 solutions like Base are improving Ethereum’s scalability and proving that they can outperform the network they are built on.
What’s notable here is that the blockchain’s growth has not been driven by incentives like token rewards or airdrops. Instead, its growth has been driven by organic adoption, with over $4 billion in locked value (TVL) and outstanding user and developer retention.
For investors, this signals a major shift in focus. Layer 2 networks are no longer just “back-end” support but are increasingly becoming major forces in the crypto space.
What happened and why does it matter?
For the first time, the blockchain has processed more transactions than the Ethereum Mainnet. This historic milestone underscores the growing influence of Layer 2 solutions, which are designed to make Ethereum faster, cheaper, and more scalable.
Read more: The Reason Behind Bitcoin’s $8,000 Drop in Just a Few Hours
What’s particularly remarkable is that Base, a network built on Ethereum, has surpassed the platform it relies on.
This signals a major shift in the dynamics of the blockchain industry: Layer 2s are no longer just supporting infrastructure, but powerful networks in their own right. This achievement demonstrates Base’s ability to drive adoption and pave the way for growth as Ethereum scales.
