Coinbase’s layer 2 blockchain, Base, which launched in early August, has seen its daily transactions hit an all-time high, according to data from IntoTheBlock. Base saw 1.88 million transactions on Thursday, higher than layer 2 rivals Arbitrum and Optimism combined, which saw 780,000 and 370,000, respectively. “Interestingly, it is not decentralized finance (DeFi) applications nor non-fungible token (NFT) marketplaces driving the surge in Base’s activity. Instead, a significant portion of usage can be attributed to a new social application, FriendTech,” said Lucas Outumuro, head of research at IntoTheBlock. Decentralized social network platform Friend.tech is built on Base and calls itself “the marketplace for your friends.” The platform saw increased usage over the last week, with its daily transactions also reaching an all-time high. Friend.tech’s transactions reached 529,000.
Related posts
-
Blockchain Association Tables 5-Point Crypto Agenda For Trump’s Administration
Crypto advocacy group Blockchain Association has reached out to US President-elect Donald Trump and the newly... -
Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend
Chainlink (LINK) is experiencing significant growth in the cryptocurrency sector, with a 20% increase in value... -
Crypto Roadmap Presented To Trump And Congress By Blockchain Association For Initial 100 Days
As President-elect Donald Trump prepares to assume office on January 20, 2025, the cryptocurrency industry is...