United

Momentum

Base

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/base-layer-2-ecosystem-gains-momentum-after-dencun-upgrade/" data-wpel-link="internal">Base Layer-2 Ecosystem Gains Momentum After Dencun Upgrade</a><br></p>
<p class="p1" style="text-align: justify">The Layer-2 ecosystem Base, supported by the United States-based cryptocurrency exchange <a href="https://en.coin-turk.com/bitcoin-price-plummets-on-binance-australia-amid-regulatory-pressure/" data-wpel-link="internal">Coinbase</a>, is making a notable performance among Layer-2 ecosystems following the Dencun upgrade. The eagerly awaited Dencun fork on March 13 significantly increased the adoption of Layer-2 solutions on <a href="https://en.coin-turk.com/505-million-dollar-transfer-in-hours-is-ethereum-eth-preparing-for-a-new-low/" data-wpel-link="internal">Ethereum</a>. This increase in activity post-upgrade is evident.</p> 
<h2 class="p1" style="text-align: justify" id="the-dencun-upgrade-and-layer-2-ecosystems">The Dencun Upgrade and Layer-2 Ecosystems</h2> 
<p class="p1" style="text-align: justify"><a href="https://en.coin-turk.com/hsbc-launches-gold-tokens-for-retail-investors-in-hong-kong/" data-wpel-link="internal">Blockchain</a> data analytics platform Intotheblock’s latest analysis indicates an increase in the number of transactions in Ethereum’s Layer-2 solutions following the Dencun upgrade, showing a similar trend. Statistics reveal a staggering 196% increase in transactions on leading Layer-2 platforms, reaching 5.67 million transactions.</p> 
<p class="p1" style="text-align: justify">Among these, Base accounted for approximately 57% of the transactions, emerging as the largest contributor. They are followed by Arbitrum and Optimism, which carried out 31% and 11% of the transactions, respectively. This significant increase not only shows that Layer-2 scaling solutions are increasingly being adopted and in demand but also indicates the arrival of Base Spring according to Intotheblock’s previous analysis.</p> 
<p class="p1" style="text-align: justify">Just last week, the transaction volume in the Base ecosystem exceeded 1.6 billion dollars for the first time, managing to surpass even already popular players like Optimism.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-340028" src="https://coin-turk.com/wp-content/uploads/2024/04/intotheblock.png" alt="" width="500" height="577"></p> 
<h2 class="p1" style="text-align: justify" id="intense-interest-in-the-base-ecosystem">Intense Interest in the Base Ecosystem</h2> 
<p class="p1" style="text-align: justify">In addition to these developments, Base has experienced a notable increase in network activity in recent months, primarily driven by a growing craze surrounding memecoin projects. According to a report compiled by blockchain data analytics platform DefiLlama, the total value locked (TVL) in the Base network reached a record level of 1.5 billion dollars on April 9, reflecting a massive 235% increase since the beginning of the year due to the influx of memecoin mania.</p> 
<p class="p1" style="text-align: justify">In the past few months, Layer-2 networks have seen significant expansion, and Dencun has played an important role in their adoption. An analysis by VanEck even predicts that these scaling solutions could potentially reach a market value of 1 trillion dollars by 2030.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/base-layer-2-ecosystem-gains-momentum-after-dencun-upgrade/" data-wpel-link="internal">Base Layer-2 Ecosystem Gains Momentum After Dencun Upgrade</a></h5>

Base Layer-2 Ecosystem Gains Momentum After Dencun Upgrade

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