Base Grows Fast | Crypto Daily Digest Aug. 21
Base mainnet opened for builders on July 13th, and then launched for public on August 9th. Yesterday, the new layer 2 has already recorded more transactions than Arbitrum.
Smart contracts deployed on Base grow rapidly, the daily number of new contracts deployed is at over 10K per day, a number that is mulitples of contracts deployed on Arbitrum and Optimism.
Base is also operating at a positive fee margin, meaning the L2 fees income is larger than the transactions batch cost that is needed when submiting to Ethereum mainnet. Base fee margin achieved an astonishing 80% daily fee margin during the initial period of the launching, but gradually declined to a level consistent with other major Layer 2 such as Arbitrum and Optimism at around 20%.
Base has also launched an Onchain Summer campaign to booststrap its activity.
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