Base Hits New ATH in Daily Transactions, Surpassing All Other L2s
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- The Base Network recorded daily transactions surpassing 10 million hitting a new milestone.
- One of the ecosystem’s tokens, BASE, has surged over 200% in the past 7 days.
The crypto market resumed its bull run in the last 24 hours, much to the joy of investors worldwide. Bitcoin is currently halted at $95.8K and is expected to surge further. However, the altcoin sector has gone full bullish, led by Ethereum, which recorded a 10% surge a few hours ago.
On the other hand, the Base blockchain has drawn notable market attention with its daily transactions surging. According to reports, Base recorded total transactions of 11.447 million on November 26, a new record in its daily transactions. The increase in transactions was attributed to the influx of users in its memecoin protocols – Clanker and Virtuals.
The blockchain surpassing 10 million transactions in a single day is the first in blockchain history. This has caused the ecosystem to surpass all the other L2s on Tuesday. According to Defillama data, the blockchain’s total volume in the last 24 hours has reached $2.04 billion.
Moreover, the two memecoin protocols have received much attention from the community. Clankers, in less than 3 weeks of market debut has recorded $7.16 million in protocol revenue.
Additionally, in the last seven days, the blockchain’s DEX volume has increased by 11.58%, reaching $11.578 billion. This surge is also reflected in the Base blockchain’s several tokens, particularly BASE.
BASE Token Price Overview
In the last 24 hours, one of the tokens on the Base ecosystem – BASE has shown an 80.96% price increase. At the beginning of the day, the cryptocurrency was trading at $0.000007602. After the bullish candles sparked, the token is currently trading at the $0.00001 level. At the time of writing, the token was trading at $0.00001391 as per CMC data.
Zooming out, over the past week, the token has shown a significant surge of more than 200% price increase. This price surge in the cryptocurrency is reflective of the Base ecosystem’s increased activity over the past months. Recently, in October, the ecosystem announced launching fault proofs on its mainnet.
Additionally, the memecoin mania is not specific to this ecosystem. With the current bullish momentum, several other tokens such as Stellar have drawn market attention.
