{"id":32831,"date":"2024-11-26T12:00:42","date_gmt":"2024-11-26T09:00:42","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32831"},"modified":"2024-11-26T10:31:27","modified_gmt":"2024-11-26T07:31:27","slug":"base-network-breaks-records","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/base-network-breaks-records\/","title":{"rendered":"Base Network Breaks Records"},"content":{"rendered":"

Ethereum<\/strong>\u2019s layer-2 solution, Base<\/strong>, continues to demonstrate impressive growth in both transaction speed and total value locked (TVL). The network has set a new record with 106.26 transactions per second (TPS)<\/strong>, while its TVL<\/strong> has recently surpassed $10 billion<\/strong>.<\/p>\n

This achievement highlights how far Base<\/strong> has come since January when it averaged only 4 TPS. Base<\/strong>\u2019s founder, Jesse Pollak, emphasized that TPS has increased by 28% since November 23.<\/p>\n

\"base\"<\/p>\n

According to L2BEAT data, Base<\/strong> now holds $10.68 billion in TVL<\/strong>, ranking second among Ethereum<\/strong> layer-2 solutions. It trails only Arbitrum One<\/strong>, which has $18.3 billion<\/strong> in TVL. Base<\/strong> secured this position in June after overtaking OP Mainnet.<\/p>\n

The total TVL across Ethereum<\/strong> layer-2 networks currently stands at $49.3 billion<\/strong>.<\/p>\n

Base<\/strong> has also reached a significant milestone in transaction volume. The network surpassed 1 billion transactions<\/strong>, driven largely by the memecoin<\/strong> frenzy during this bull cycle. However, the surge in memecoin activity has also attracted scammers. Between January and March, losses from phishing attacks on the network increased 18-fold.<\/p>\n

While addressing these challenges, Base<\/strong> is making strides toward decentralization. In October, the implementation of fault proofs<\/strong> marked an important step in making the network more decentralized.<\/p>\n

Base<\/strong>\u2019s rise is seen as a challenge to fast blockchain solutions like Solana<\/strong>. StarkWare CEO Eli Ben Sasson noted that solutions like Base<\/strong> will increase competition, predicting significant TPS improvements in the coming months.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum\u2019s layer-2 solution, Base, continues to demonstrate impressive growth in both transaction speed and total value locked (TVL). The network has set a new record with 106.26 transactions per second (TPS), while its TVL has recently surpassed $10 billion. This achievement highlights how far Base has come since January when it averaged only 4 TPS.<\/p>\n","protected":false},"author":28,"featured_media":31425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[8861,965,192,58,5558,105,9696,9694,8856,9697,196,2231,1332,9693,930,4095,9695,5332,3165],"class_list":["post-32831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-arbitrum-one","tag-base","tag-blockchain","tag-cryptocurrency","tag-decentralization","tag-ethereum","tag-fast-blockchain","tag-fault-proofs","tag-jesse-pollak","tag-l2beat","tag-layer-2","tag-market-analysis","tag-memecoin","tag-op-mainnet","tag-scams","tag-starkware","tag-technical-developments","tag-tps","tag-tvl"],"yoast_head":"\nBase Network Breaks Records - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/base-network-breaks-records\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Base Network Breaks Records - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ethereum\u2019s layer-2 solution, Base, continues to demonstrate impressive growth in both transaction speed and total value locked (TVL). 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