Base network activity falls from January peak, but still leads Ethereum Layer 2

Odaily News Transaction activity on the Base network launched by Coinbase has fallen from its peak in January, with the 7-day moving average transaction volume falling from nearly 12 million on January 6 to about 7.5 million currently, a drop of 38%. Despite this, Base is still ahead of other Ethereum Layer 2 solutions such as Arbitrum and Optimism. Base's continued advantage is due to Coinbase's huge base of more than 100 million users and its use of OP Stack technology. Currently, the Base ecosystem is dominated by decentralized exchanges and lending protocols, and the leading projects in terms of total locked value (TVL) include Aerodrome, Uniswap and Morpho Blue. (The Block)