Base is a layer two network on Ethereum developed by Coinbase that has become a leader in revenue and activity, surpassing other layer two solutions like Arbitrum. It achieved this by relying on decentralized exchange trading and maximum extractable value (MEV) strategies that allowed it to attract users and increase revenues.
The network has proven its market capability by generating $15.5 million in cumulative fees since the beginning of the year, surpassing all its competitors. This is partly due to strong support from Coinbase and the strategic guidance provided by CEO Brian Armstrong, who has previously stated that expanding layer two is key to attracting one billion new users to cryptocurrencies.
What distinguishes Base is also its ability to achieve this growth without relying on the symbolic incentives that some projects resort to in order to attract users, as the number of active addresses daily has exceeded one million addresses compared to only 300,000 on the Arbitrum network, reflecting the real and strong usage of the network by users.
Advanced technologies and low transaction fees have helped Base improve its competitiveness and provide a more efficient and faster experience, making it the preferred choice for many traders on decentralized platforms and those interested in exploiting opportunities on the Ethereum network.
Even amid strong competition among layer two solutions, Base continues to progress steadily, benefiting from technological advancement and community support that positions it as a leader among Ethereum networks.
This trend is confirmed by statements from Vitalik Buterin supporting expansion through layer two solutions as a necessary stage towards scalable blockchain applications globally, which Base aims to achieve through its approach based on actual innovation and real usage instead of temporary incentives.
