Activity on the Base L2 network has surpassed Ethereum

For the first time in history, two Layer 2 networks have surpassed Ethereum in transactions per second (TPS). Base took first place in the ranking in terms of indicators over the last 24 hours, an independent researcher noted Jason Chen.

The Coinbase-supported L2 protocol reached 12.93 TPS, according to L2Beat. For zkSync Era, the figure was 12.62 TPS, while the main network of the second largest cryptocurrency by capitalization was 10.18 TPS.

Activity on the Base platform increased by almost 50% in a week. Chen noted that the project is actively luring liquidity from other chains and has a growing trend.

According to BaseScan, on September 14, the network processed a record 1.88 million transactions per day. For comparison, the leaders in the segment have TVL Arbitrum and Optimism indicator was 503,655 and 378,444 respectively.

TVL Base has remained virtually unchanged over the past week and remains at around $381 million. ZkSync Era’s liquidity volume shows a similar trend, but at a higher level — $417 million.

According to DeFi Llama, almost half of the assets blocked on Base come from the decentralized exchange Aerodrome – $132 million. The second place in the list is occupied by the Web3 social network Friend.Tech with $36 million.

However, the latest protocol is the leader in the volume of commissions – over the last 24 hours the figure amounted to $0.98 million with a profit of $0.5 million. In total, the Friend.Tech project, the “death” of which some market participants noted at the end of August, earned $4.84 million in a week on transaction fees.

Let us remind you that the full-scale launch of the Base main network took place on August 9.

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