Base Network

About

Base Network is a fast-growing Ethereum Layer 2 blockchain developed by Coinbase and built using Optimism’s OP Stack. It is designed to make crypto adoption easier for developers, creators, and everyday users. Base focuses on low transaction fees, high scalability, and seamless onboarding into Web3 applications. The platform has quickly become one of the most talked-about Ethereum scaling solutions thanks to its strong developer ecosystem, Coinbase integration, and growing DeFi, NFT, gaming, and AI-powered app infrastructure. Its connection with Coinbase’s huge user base gives Base a major advantage in onboarding millions of new users into crypto and decentralized finance (DeFi). Key Features of Base Network: • • Fully compatible with Ethereum smart contracts and apps. • Offers very low gas fees for everyday crypto activity. • Gives developers tools and support to build Web3 apps. • Helps NFT creators with lower minting costs and faster transfers. • Delivers fast transaction speeds with quick confirmations. Base Network Milestones Year Key Achievements 2023 The Mainnet officially went live in 2023, marking a major step for the network. The first “Onchain Summer” event also launched during the same period, bringing strong community activity and attention to the ecosystem. Around the same time, Friend.tech went viral and became one of the biggest talking points in the on-chain space. 2024 Fees dropped by more than 90% after the Dencun upgrade. The network also became the top L2 by revenue during this period. At the same time, TVL crossed the $10B+ mark, showing strong growth across the ecosystem.

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