Cryptocurrency

Baseline surges to 2 million daily transactions after Dencun upgrade

The 350% increase in basic daily transactions comes amid a significant reduction in fees following the Dencun upgrade.

Daily transactions on Coinbase’s Ethereum layer-2 network Base surged to a record 2 million on March 16, just days after the Dencun upgrade.

Before the upgrade, Base processed approximately 440,000 transactions per day. The next day, this number rose to 1.1 million, and continued to increase the following days, reaching 2,064,920 on March 16.

Base’s daily new users also surged to 666,866 on March 16, a massive 3,200% increase over the average for the period leading up to Dencun.

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Source: https://cointelegraph.com/news/base-daily-transactions-skyrocket-after-ethereum-dencun-upgrade

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