The Base network is experiencing a notable surge in transaction activity, signaling growing demand but also introducing operational challenges. This heightened usage has caused the transaction success rate to drop from around 90% to approximately 70%, reflecting the strain on network resources. Despite these hurdles, the surge in activity has significantly boosted Base’s Layer 2 (L2) revenue and profits. Last week alone, the network generated $4 million in L2 profits, even as profit margins declined from approximately 99% to 90% due to rising blob costs. This highlights the network’s ability to maintain profitability amid increasing operational expenses. Additionally, asset flows
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