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<a href="https://bitcoinworld.co.in/l2-base-network-congestion-causing-transactions-on-coinbase-wallet-to-be-stuck/" title="L2 Base Network Congestion Causing Transactions on Coinbase Wallet to be Stuck" rel="noopener noreferrer nofollow"></a>
Coinbase, leading cryptocurrency exchanges in the United States, is facing another wave of issues as L2 Base network congestion causes its wallet to be stuck.&nbsp;
Previous incidents were attributed to high trading activity on the crypto exchange during Bitcoin’s surge to a new all-time high.&nbsp;
However, this time it is related to Base, the Ethereum layer-2 network that Coinbase launched.
<a href="https://status.coinbase.com/" rel="noopener noreferrer nofollow">According</a> to Coinbase, the Base network’s congestion is causing intermittent failures in transactions on Coinbase Wallet and Coinbase.com.&nbsp;
Users are advised to wait for network confirmation or resubmit their transactions once the congestion subsides.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Due to high network traffic on Base, some user transactions may be stuck in a “pending” state currently.
 We are updating our transaction cancellation feature to better support fee spikes now and will provide an update once available. <a href="https://t.co/M6NMWVs0pu" rel="noopener noreferrer nofollow">https://t.co/M6NMWVs0pu</a>
 — Coinbase Wallet <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CoinbaseWallet) <a href="https://twitter.com/CoinbaseWallet/status/1770536143672524838?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Coinbase Wallet customers are specifically urged to wait until the congestion is resolved before making transactions on the Base network.
In a post on X in response to the situation, Coinbase Wallet explained that the surge in network traffic on the Base network has led to some transactions “stuck” in a pending state.&nbsp;
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Coinbase recommends that users with pending transactions cancel them and resubmit with the latest estimated gas fee.&nbsp;
If cancellation is not possible, the transactions will process once the network congestion reduces.&nbsp;
Coinbase Wallet’s team is actively working on implementing a transaction cancellation feature and will provide updates when available.
Blockchain data from Dune <a href="https://dune.com/sixdegree/base-blockchain-overview" rel="noopener noreferrer nofollow">shows</a> a notable surge in transaction volume on Base, with daily transactions increasing from an average of around 400,000 to over a million in recent days.&nbsp;
On Saturday, Base set a new record of 2.12 million daily transactions.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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The post <a href="https://bitcoinworld.co.in/l2-base-network-congestion-causing-transactions-on-coinbase-wallet-to-be-stuck/" rel="noopener noreferrer nofollow">L2 Base Network Congestion Causing Transactions on Coinbase Wallet to be Stuck</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

L2 Base Network Congestion Causing Transactions on Coinbase Wallet to be Stuck

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