As Base outshines ARB and OP, on-chain traffic surges


15 Sep 2023 10:30 PM

Base was one of the top-performing L2 chain in terms of network fees over the past few days, comprehensively beating OP Mainnet and Arbitrum....

  • Layer-2 blockchain Base experienced a sharp spike in fees as on-chain traffic increased.
  • Base surpassed OP Mainnet and Arbitrum to become one of the top-performing L2 chains in terms of network fees.
  • After initially losing its top spot, Base regained it with a significant increase in fees collected.
  • Base, built on the OP stack, pays a percentage of its revenue or profits to the Optimism Collective.
  • Base achieved its highest transaction throughput with an average of 21.29 transactions per second (TPS) on September 14.
  • The increase in network fees was a result of the growing on-chain traffic, with more users joining the network.
  •, a decentralized social network built on the Base network, contributed significantly to the increased activity.

The article highlights the success and achievements of Base, a Layer-2 blockchain, in terms of network fees and transaction throughput. The sentiment is generally positive, emphasizing the growth and performance of Base.

Go to publisher site

You May Ask

What caused the spike in fees for Base?How does Base compare to OP Mainnet and Arbitrum in terms of network fees?What is the revenue-sharing agreement for Base?Which decentralized social network contributed to the increased activity on Base?What is the highest transaction throughput achieved by Base?

Suggested Reads