On December 19, 2024, Base, a Layer 2 blockchain developed by Coinbase, surpassed Ethereum Mainnet in daily transaction volume for the first time.

This milestone is underscored by the Total Value Locked (TVL) in Base, which has exceeded $4 billion, demonstrating rapid adoption and utility of the platform.

Notably, Base's growth has occurred organically, without relying on incentives such as token rewards or airdrops, highlighting its strong user adoption.

Additionally, Base has achieved remarkable user and developer retention rates, indicating a sustainable and robust ecosystem.

The success of Base emphasizes its role in driving Ethereum's scaling evolution and sets a precedent for future Layer 2 developments.

This achievement represents a significant turning point for the Ethereum ecosystem, showcasing the capabilities of Layer 2 solutions in enhancing scalability.

Furthermore, this milestone shifts the perception of Layer 2 networks from being mere support systems to becoming dominant forces within the crypto space.