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Coinbase\u2019s new Ethereum (ETH<\/a>) layer-2 scaling solution briefly surpassed Optimism (OP<\/a>) and Arbitrum (ARB<\/a>) this week in terms of daily transactions.<\/p>\n According to data provided by each scaling solution\u2019s respective block explorers, Base<\/a> hit 617,330 transactions on August 13th, compared to 438,559 for Optimism<\/a> and 544,575 for Arbitrum<\/a> on the same day.<\/p>\n Both Optimism and Arbitrum have since surpassed Base in terms of daily transaction counts.<\/p>\n Base\u2019s all-time high level of daily transactions actually occurred three days earlier on August 10th, when it hit 757,294.<\/p>\n The new layer-2 project officially launched earlier this month and is powered by Optimism. Coinbase has previously said<\/a> it hopes Base helps onboard over a billion people into the crypto economy.<\/p>\n The exchange has noted there are no plans to launch a network token associated with Base. The project is designed to be compatible with Ethereum, Ethereum layer-2s and alternative layer-1 blockchains.<\/p>\n Optimism\u2019s native token, OP, is trading at $1.38 at time of writing. The 42nd-ranked crypto asset by market cap is down nearly 1.5% in the past 24 hours and more than 13% in the past seven days.<\/p>\n Arbitrum\u2019s native token, ARB, is trading around $0.987 at time of writing. The 39th-ranked crypto asset by market cap is down nearly 5.75% in the past day and nearly 18% in the past week.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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