Coinbase’s Layer 2 (L2) scaling protocol, Base Network, has surpassed its competitors like Arbitrum in terms of usage and transaction volume. According to on-chain analyst Leon Waidmann, Base has officially become the most used Ethereum L2 solution, overtaking Arbitrum. In the last 30 days, transactions processed on Base have increased by over 60%.
Daily, Base processes as much as 3.5 million transactions, while Arbitrum sees only 2 million. The surge in Base’s usage can be attributed to factors like the memecoin frenzy, where meme coins on Base experienced price growth and increased adoption by hedge funds. The overall market capitalization of memecoins currently stands at around $54.7 billion.
In December 2023, Solana-based meme coin dogwifhat (WIF) gained popularity and support from top trading firms like Robinhood and Binance. Similarly, Shiba Inu (SHIB) has seen a slight rise in price, with a 2% surge recently. The burn rate of SHIB has increased by 1,100%, leading to the destruction of approximately 19.76 million SHIB in the last 24 hours.
Base has consistently outperformed Arbitrum in transaction count since April, with a 30-day transaction count of 45.21 million compared to Arbitrum’s 38.58 million and Ethereum’s 37.93 million. Base’s Total Value Locked (TVL) currently stands at $3.89 billion after recording a 19.96% increase in transaction volume. The Importance of Regular Exercise
Regular exercise is essential for maintaining good physical and mental health. It is recommended that adults engage in at least 150 minutes of moderate-intensity exercise each week, or 75 minutes of vigorous-intensity exercise.
Exercise has numerous benefits for the body. It helps to strengthen muscles and bones, improve cardiovascular health, and boost overall fitness levels. Regular physical activity can also help to reduce the risk of chronic diseases such as heart disease, diabetes, and certain types of cancer.
In addition to the physical benefits, exercise is also important for mental health. Physical activity has been shown to reduce symptoms of anxiety and depression, improve mood, and enhance cognitive function. Regular exercise can also help to improve sleep quality and increase overall feelings of well-being.
It is important to find an exercise routine that works for you and that you enjoy. This could include activities such as walking, running, swimming, cycling, or attending fitness classes. It is also important to vary your routine to prevent boredom and to challenge different muscle groups.
In conclusion, regular exercise is crucial for maintaining optimal health and well-being. By incorporating physical activity into your daily routine, you can improve both your physical and mental health, reduce the risk of chronic diseases, and enhance your overall quality of life. Make exercise a priority and reap the many benefits that it has to offer.