The world’s largest crypto exchange Coinbase launched their own layer 2 blockchain last month called Base.

This past week, it hit a new record high for daily transactions and has already become one of the most popular layer 2 chains in the world.

‍By the numbers:‍

• Last week Base had 1.88M unique transactions in a single day, an all time high for the chain
  
• There are over 800,000+ active wallet addresses on Base
  
• Currently there is approximately $386M in total locked value on Base, a number which is growing by the day
  

What’s happening:‍

• Base has become immensely popular since being launched, rocketing to becoming one of the most popular layer 2 blockchains in all of crypto
  
• One of the most popular new decentralized applications to launch Friend Tech was built on top of Base, which quickly attracted over 100,000+ new users
  

Why it matters:‍

• Coinbase has been building new features and interrogations at a feverish pace, including their recent announcement to adopt the Lightning Network for Bitcoin
  
• While crypto has been experiencing turbulent times for asset prices, Coinbase has been consistently executing and adding value to their platform
  

The intrigue:‍

• Coinbase is the first publicly traded company to ever launch their own layer 2 blockchain
  
• During the initial launch of Base, Coinbase touted partnerships with global brands such as Coca Cola and Atari, although specifics are still yet to be revealed

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