Base Emerges As Leader In Daily Activity, Transaction Volume Soars

In the realm of blockchain networks, Base has taken the lead with an impressive 890,000 daily active addresses.

Notably, Base’s transaction volume has surged to over $1.6 billion, marking a significant milestone that surpasses Optimism’s volume by nearly threefold.

The network showcased its robust capabilities by processing a staggering 2.63 million transactions on April second alone.

Investment firm VanEck has turned its gaze toward Ethereum Layer 2 solutions, foreseeing a potential meteoric rise in valuation to $1 trillion by 2030. However, VanEck maintains a cautious stance, expressing overall bearish sentiment regarding the long-term prospects of several Layer 2 networks.

Arbitrum Leads Pack With $18B In Locked Tokens

VanEck’s valuation projections hinge on the anticipated future usage of various Layer 2 networks, with a particular focus on diverse applications such as the metaverse, banking, and gaming sectors. 

Their analysis encompasses 46 Layer 2 networks, with Arbitrum leading the pack with $18 billion in locked tokens. VanEck estimates that Ethereum will command a substantial 60% share of the market, underlining the platform’s enduring dominance and potential for further growth.

As blockchain technology continues to evolve and expand its reach into various industries, the competition among Layer 2 networks intensifies. 

Base’s ascendancy in daily activity and transaction volume underscores its growing significance within the blockchain ecosystem, positioning it as a key player to watch in the coming years. With VanEck’s optimistic outlook on Ethereum Layer 2 solutions, the stage is set for continued innovation and development in this dynamic space.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.