• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 24, 2023
Earth-News
  • Home
  • Business
  • Entertainment
    Cross pays touching tribute to Mohbad (Update) – Lifestyle Nigeria

    Cross pays touching tribute to Mohbad (Update) – Lifestyle Nigeria

    Imperial Governors On The Rampage — The PUNCH Editorial – Lifestyle Nigeria

    Imperial Governors On The Rampage — The PUNCH Editorial – Lifestyle Nigeria

    Governor Lawal Bans Illegal Mining In Zamfara

    Governor Lawal Bans Illegal Mining In Zamfara

    Popular Nigerian filmmaker Charles Grandsville dies

    Popular Nigerian filmmaker Charles Grandsville dies

    I’m Willing To Become Unpopular To Reform Nigeria – President Tinubu

    I’m Willing To Become Unpopular To Reform Nigeria – President Tinubu

    Squier Paranormal Jazzmaster XII Review

    Squier Paranormal Jazzmaster XII Review

  • General
  • Health
  • News
    Behind the Success: Decoding Mobinil’s Community-Focused Marketing

    Behind the Success: Decoding Mobinil’s Community-Focused Marketing

    Egyptian University Student Develops ‘Egypt Metro’ App for Seamless Navigation

    Egyptian University Student Develops ‘Egypt Metro’ App for Seamless Navigation

    Banque Misr to launch green investment fund in 2024

    Banque Misr to launch green investment fund in 2024

    Egypt, Greece, and Cyprus stress coordination on gas, regional issues

    Egypt, Greece, and Cyprus stress coordination on gas, regional issues

    Nakhla Gift Shop at Grand Egyptian Museum listed as one of world’s best by Financial Times

    Nakhla Gift Shop at Grand Egyptian Museum listed as one of world’s best by Financial Times

    Former Egyptian Finance Minister Youssef Boutros-Ghali joins Concord International Investment Group

    Former Egyptian Finance Minister Youssef Boutros-Ghali joins Concord International Investment Group

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Tech
    Chinese tech firm Zhipu AI reportedly acquires AI startup Ling Xin Intelligence

    Chinese tech firm Zhipu AI reportedly acquires AI startup Ling Xin Intelligence

    Huawei unveils large language model for the automotive industry

    Huawei unveils large language model for the automotive industry

    Tencent Games launches High Energy Heroes, a rebranded Apex Legends

    Tencent Games launches High Energy Heroes, a rebranded Apex Legends

    TikTok launches a new feature to label AI-created content

    TikTok launches a new feature to label AI-created content

    MediaTek’s Dimensity 7200-Ultra debuts in the Redmi Note 13 Pro +

    MediaTek’s Dimensity 7200-Ultra debuts in the Redmi Note 13 Pro +

    In 50 Words: Campus 365 looks to triple revenue to $1m

    In 50 Words: Campus 365 looks to triple revenue to $1m

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Cross pays touching tribute to Mohbad (Update) – Lifestyle Nigeria

    Cross pays touching tribute to Mohbad (Update) – Lifestyle Nigeria

    Imperial Governors On The Rampage — The PUNCH Editorial – Lifestyle Nigeria

    Imperial Governors On The Rampage — The PUNCH Editorial – Lifestyle Nigeria

    Governor Lawal Bans Illegal Mining In Zamfara

    Governor Lawal Bans Illegal Mining In Zamfara

    Popular Nigerian filmmaker Charles Grandsville dies

    Popular Nigerian filmmaker Charles Grandsville dies

    I’m Willing To Become Unpopular To Reform Nigeria – President Tinubu

    I’m Willing To Become Unpopular To Reform Nigeria – President Tinubu

    Squier Paranormal Jazzmaster XII Review

    Squier Paranormal Jazzmaster XII Review

  • General
  • Health
  • News
    Behind the Success: Decoding Mobinil’s Community-Focused Marketing

    Behind the Success: Decoding Mobinil’s Community-Focused Marketing

    Egyptian University Student Develops ‘Egypt Metro’ App for Seamless Navigation

    Egyptian University Student Develops ‘Egypt Metro’ App for Seamless Navigation

    Banque Misr to launch green investment fund in 2024

    Banque Misr to launch green investment fund in 2024

    Egypt, Greece, and Cyprus stress coordination on gas, regional issues

    Egypt, Greece, and Cyprus stress coordination on gas, regional issues

    Nakhla Gift Shop at Grand Egyptian Museum listed as one of world’s best by Financial Times

    Nakhla Gift Shop at Grand Egyptian Museum listed as one of world’s best by Financial Times

    Former Egyptian Finance Minister Youssef Boutros-Ghali joins Concord International Investment Group

    Former Egyptian Finance Minister Youssef Boutros-Ghali joins Concord International Investment Group

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Tech
    Chinese tech firm Zhipu AI reportedly acquires AI startup Ling Xin Intelligence

    Chinese tech firm Zhipu AI reportedly acquires AI startup Ling Xin Intelligence

    Huawei unveils large language model for the automotive industry

    Huawei unveils large language model for the automotive industry

    Tencent Games launches High Energy Heroes, a rebranded Apex Legends

    Tencent Games launches High Energy Heroes, a rebranded Apex Legends

    TikTok launches a new feature to label AI-created content

    TikTok launches a new feature to label AI-created content

    MediaTek’s Dimensity 7200-Ultra debuts in the Redmi Note 13 Pro +

    MediaTek’s Dimensity 7200-Ultra debuts in the Redmi Note 13 Pro +

    In 50 Words: Campus 365 looks to triple revenue to $1m

    In 50 Words: Campus 365 looks to triple revenue to $1m

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Base Posts New All-Time High In Daily Transactions Amidst Friend.tech Resurgence

September 16, 2023
in Business
Base Posts New All-Time High In Daily Transactions Amidst Friend.tech Resurgence
Share on FacebookShare on Twitter

Base, the Coinbase-incubated Ethereum layer 2 (L2) network, has seen rising adoption since opening its door to the public barely a month ago. While the blockchain platform has gained significant traction, its pool of users and protocols has also witnessed substantial expansion.

In a testament to this rapid growth, Base recently registered its highest number of transactions in a single day.

Table of Contents

  • Base Network Records Massive On-Chain Activity In One Day
  • What’s Behind This Latest On-Chain Activity Surge?

Base Network Records Massive On-Chain Activity In One Day

According to data from IntoTheBlock, Base has seen its daily transactions soar to a new all-time high. The blockchain platform registered a total of 1.88 million transactions on Thursday, September 14.

Lucas Outumuro, head of research at IntoTheBlock, revealed that Base recorded more transactions than the sum of Arbitrum and Optimism transactions (780,000 and 370,000, respectively) on the same day. 

The network fees is another metric that reflects the apparent surge in Base’s on-chain activity in recent days. Data from TokenTerminal showed that the blockchain generated more network fees than Arbitrum and Optimism.

Furthermore, Base notched its peak transaction throughput in the past week. According to L2beat, the network recorded a significant 21.29 transactions per second (TPS) on Thursday, September 14. 

This figure placed Base above other L2 chains and Ethereum in terms of transaction throughput. Nevertheless, the network remains in the top spot, with a current TPS of 19.58.

These feats underscore the positive performance of the Coinbase-incubated network in the past few weeks. Base has managed to stake a strong claim for a place amongst the top L2 blockchains, as demonstrated by its surging on-chain activity.

However, it is worth noting that Base still lags behind Arbitrum and Optimism regarding total value locked (TVL). According to DefiLlama, Base has a TVL of nearly $373 million, while Arbitrum and Optimism boast roughly $1.7 billion and $650 million, respectively.

What’s Behind This Latest On-Chain Activity Surge?

The latest surge in on-chain activity on the Base network has been linked primarily to the renewed hype of the decentralized social network, Friend.tech. 

IntoTheBlock made this connection in a report, saying, “Interestingly, it is not DeFi applications nor NFT marketplaces driving the surge in Base’s activity. Instead, a significant portion of usage can be attributed to a new social application, FriendTech.”

Friend.tech is a decentralized social media platform built on Base. It allows users to trade “keys” of X (formerly Twitter) accounts and interact with social media personalities in a closed, group chat format.

The Friend.tech platform, once pronounced dead by critics, sprung back to life in the past week. The decentralized application seems to be enjoying renewed user interest, with its TVL surpassing $30 million in the last few days.

Friend.tech has been experiencing an uptick in activity, shattering its trading volume record two days in a row. Meanwhile, the platform has seen an increase in capture fees, which reached an all-time high of about $2 million on September 14.

Base

Cryptocurrency total market cap on the daily timeframe | Source: TOTAL chart on TradingView

Featured image from Unsplash, chart from TradingView

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : NewsBTC – https://www.newsbtc.com/news/base-posts-new-all-time-high-in-daily-transactions-amidst-friend-tech-resurgence/

Tags: All-TimebusinessPosts
Previous Post

Ethereum Merge Is One: Here Are The Highlights So Far

Next Post

Glassnode Co-Founders Weigh In On Bitcoin (BTC) Path To $30,000

Sen. Bob Menendez “Not Going Anywhere” Despite Growing Calls from Top Democrats to Resign

Sen. Bob Menendez “Not Going Anywhere” Despite Growing Calls from Top Democrats to Resign

September 23, 2023
Russell Brand Would Allegedly Scout TV Show Audience For Women: Report

Russell Brand Would Allegedly Scout TV Show Audience For Women: Report

September 23, 2023
Megan Markle’s ‘Archetypes’ Podcast Might Be Gone For Good

Megan Markle’s ‘Archetypes’ Podcast Might Be Gone For Good

September 23, 2023
Biden To Join UAW Strike in Michigan as Trump Demands Union Endorsement

Biden To Join UAW Strike in Michigan as Trump Demands Union Endorsement

September 23, 2023
Jessica Chastain Is Team Sophie Turner In Joe Jonas Divorce Drama

Jessica Chastain Is Team Sophie Turner In Joe Jonas Divorce Drama

September 23, 2023
Senators Demand White House Fly Pro-Life Flag to Honor Respect Life Month

Senators Demand White House Fly Pro-Life Flag to Honor Respect Life Month

September 23, 2023
Summers: Deal on Battery Plants Between UAW, Big 3 Will Be Harder to Reach than an Agreement on Wage Increase

Summers: Deal on Battery Plants Between UAW, Big 3 Will Be Harder to Reach than an Agreement on Wage Increase

September 23, 2023
MSNBC’s Witt: Joe Going to Hunter’s Meeting Just Demonstrated Connections People Already Knew Hunter Had

MSNBC’s Witt: Joe Going to Hunter’s Meeting Just Demonstrated Connections People Already Knew Hunter Had

September 23, 2023
Chinese tech firm Zhipu AI reportedly acquires AI startup Ling Xin Intelligence

Chinese tech firm Zhipu AI reportedly acquires AI startup Ling Xin Intelligence

September 23, 2023
Huawei unveils large language model for the automotive industry

Huawei unveils large language model for the automotive industry

September 23, 2023
Partenaires
afric.info
europ.info
usa-news
lesmeilleureschaussures.fr
goodsforyoutoday.com
looktopbeauty.com
keto-diet.biz
soccernews.info
nba-news.net
sportsprblog.com compar.biz
the-best.top
bestchoices.biz
expert-plus.fr
travel-mag.info
pksportsnews.com
news-sports.org

Categories

Archives

September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (3,377)
  • Entertainment (3,425)
  • General (2,463)
  • Health (1,637)
  • News (3,874)
  • Science (2,657)
  • Sports (3,583)
  • Tech (2,625)

Recent News

Sen. Bob Menendez “Not Going Anywhere” Despite Growing Calls from Top Democrats to Resign

Sen. Bob Menendez “Not Going Anywhere” Despite Growing Calls from Top Democrats to Resign

September 23, 2023
Russell Brand Would Allegedly Scout TV Show Audience For Women: Report

Russell Brand Would Allegedly Scout TV Show Audience For Women: Report

September 23, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version

Base Posts New All-Time High In Daily Transactions Amidst Friend.tech Resurgence- https://news7.asia/   https://www.animaleries.info   https://www.comptoirdubagage.biz/   https://www.wa-news.com/   https://www.magasinjouet.net/   https://teenoi.net   https://paschers.info   https://www.1nfo.net   -/- J’ai encore menti !   Bensimon femme Sport Bag Sac bandouliere Orange (Coquelicot)   Asus ExpertCenter PB63: 1.35 liter mini PC debuts with support for 65 W Intel processors   Wimbledon 2023: British number one Cameron Norrie beats Tomas Machac to reach round two   Douyin Boosts Self-Operated E-Commerce with Launch of ‘Imported Supermarket’   -*-$$Antoine Dupont blessé : le capitaine du XV de France a été opéré et va pouvoir rejoindre les Bleus   Lampe de Scène, Lumière Fête 9W 9 couleurs Éclairage Soirée Boule Disco Avec Bluetooth Président sans fil de connexion…   Honte à l’“anti-rugby” de l’Angleterre, et vive les flamboyants “petits poucets”   Stormsure Stormproof Durable Hydrofuge (spray étanche) – 1L   Meilleurs choix d’appareils photo : Olympus OM-D E-M10 Mark II   $$* James Betterave Blanche It Betterave Organique 1L De Jus   Secret des Chefs Arome Naturel Grenadine 50 ml – Lot de 2   Base Posts New All-Time High In Daily Transactions Amidst Friend.tech Resurgence *Base Posts New All-Time High In Daily Transactions Amidst Friend.tech Resurgence