On July 23, 2024, Base experienced an unprecedented surge in activity, cementing its position as a leader in the Layer 2 (L2) ecosystem. The network surpassed a remarkable milestone of over 1 million active addresses, significantly outpacing its competitors Arbitrum and Optimism, which recorded 557,273 and 358,791 active addresses respectively. Base also led in transaction volume among L2 solutions, processing $1.43 billion worth of transactions. This is slightly ahead of Arbitrum, which handled $1.34 billion, and far beyond Optimism’s $128 million. The high transaction volume on Base highlights its growing dominance and appeal to users and developers alike. In terms
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