{"id":382286,"date":"2024-04-07T05:30:08","date_gmt":"2024-04-07T00:00:08","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=382286"},"modified":"2024-04-06T16:04:23","modified_gmt":"2024-04-06T10:34:23","slug":"how-bases-3m-transactions-can-help-it-overtake-arbitrum-optimism","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/how-bases-3m-transactions-can-help-it-overtake-arbitrum-optimism\/","title":{"rendered":"How Base&#8217;s 3M transactions can help it overtake Arbitrum, Optimism"},"content":{"rendered":"<ul>\n<li><em>Base outperformed Arbitrum and Optimism on various aspects<\/em><\/li>\n<li><em>Memecoins played a huge role in Base&#8217;s popularity<\/em><\/li>\n<\/ul>\n<p>Despite being relatively new to the Layer 2 (L2) sector, Base has outperformed other L2 chains in the crypto-market on several fronts. In fact, Base has kicked off the month in an absolutely fantastic manner, with daily transactions hitting new all-time highs and fees plummeting towards unprecedented lows.<\/p>\n<h4>New highs for Base<\/h4>\n<p>At press time, the network is processing over 3 million daily transactions &#8211; A remarkable milestone. Despite this surge in transaction volume, however, the average transaction fee, which includes priority transactions, fell significantly to just $0.13.<\/p>\n<figure id=\"attachment_382317\" aria-describedby=\"caption-attachment-382317\" style=\"width: 1182px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.10.42\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-382317 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.10.42\u202fPM.png\" alt=\"\" width=\"1182\" height=\"972\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.10.42\u202fPM.png 1182w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.10.42\u202fPM-300x247.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.10.42\u202fPM-1024x842.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.10.42\u202fPM-768x632.png 768w\" sizes=\"(max-width: 1182px) 100vw, 1182px\" \/><\/a><figcaption id=\"caption-attachment-382317\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h4>How did it fare against other L2s?<\/h4>\n<p>As far as the DeFi sector is concerned, the Base network has been performing relatively well. On 14 March, for instance, DEX (Decentralized Exchange) volumes on Base surpassed Optimism&#8217;s. A few weeks after that, DEX volumes on Base outperformed Arbitrum as well. Even though the dominance of Base was short-lived, it demonstrated how Base has been able to do so well in such a short time.<\/p>\n<p>Owing to these factors, the revenue generated by Base soared. The daily revenue collected by the network grew from $135,000 to $405,000 over the last few weeks. Despite having a lower TVL (Total Value Locked) than Arbitrum, Base managed to do better in terms of collecting revenue than both Arbitrum and Optimism.<\/p>\n<p>The significant revenue generated by Base, combined with the fact that it is being backed by Coinbase, can give the Layer 2 network a significant edge against its competitors.<\/p>\n<figure id=\"attachment_382322\" aria-describedby=\"caption-attachment-382322\" style=\"width: 1182px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.20.15\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-382322 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.20.15\u202fPM.png\" alt=\"\" width=\"1182\" height=\"960\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.20.15\u202fPM.png 1182w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.20.15\u202fPM-300x244.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.20.15\u202fPM-1024x832.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.20.15\u202fPM-768x624.png 768w\" sizes=\"(max-width: 1182px) 100vw, 1182px\" \/><\/a><figcaption id=\"caption-attachment-382322\" class=\"wp-caption-text\">Source: Artemis<\/figcaption><\/figure>\n<h4>Memecoin frenzy<\/h4>\n<p>One of the reasons for the heightened activity and revenue generated on Base has been memecoin activity on Base. Apart from the Solana ecosystem, the Base ecosystem has seen a massive uptick in the creation of memecoins too.<\/p>\n<p>For example &#8211; Over the past month, the values of popular memecoins on the Base network have seen upticks ranging from 60.75% to 1776.36%.\u00a0 In fact, memecoins such as Brett and DEGEN have performed relatively well, compared to other memecoins in the space.<\/p>\n<figure id=\"attachment_382334\" aria-describedby=\"caption-attachment-382334\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-382334 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM.png\" alt=\"\" width=\"2560\" height=\"492\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM-300x58.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM-1024x197.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM-768x148.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM-1536x295.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM-2048x394.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-06-at-2.32.28\u202fPM-1200x231.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-382334\" class=\"wp-caption-text\">Source: Coingecko<\/figcaption><\/figure>\n<p>As far as ARB and OP are concerned, both tokens recorded a significant decline in terms of price. Moreover, network growth for these tokens also fell materially over the last few days.<\/p>\n<p>This indicated that new users aren&#8217;t interested in these tokens. At least not in the short-term.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not,\u00a0here\u2019s\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">ARB\u2019s market cap in BTC\u2019s terms<\/a><\/p>\n<hr \/>\n<figure id=\"attachment_382338\" aria-describedby=\"caption-attachment-382338\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024.png\"><img decoding=\"async\" class=\"size-full wp-image-382338\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Arbitrum-ARB-14.49.06-06-Apr-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-382338\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Base surpassed Arbitrum and Optimism on several fronts, all exhibiting strong performances.<\/p>\n","protected":false},"author":73,"featured_media":382350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-382286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Base&#039;s 3M transactions can help it overtake Arbitrum, Optimism - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The race for the market&#039;s best L2s is heating up. 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