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Layer-2

Base: Establishing a Legitimate Layer-2 Presence

Aug 25, 2023 ⋅  13 min read

Layer-2s have become the dominant user venue over the last year, with the combined Optimism and Arbitrum unique addresses climbing from 10% of Ethereum a year ago to surpassing Ethereum active addresses today. Now, Coinbase has released its Layer-2, Base, which has seen rapid adoption as it actually surpassed Ethereum, Arbitrum, and Optimism in terms of processed transactions earlier this week.

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Ally is a Research Analyst on the Enterprise team at Messari. Prior to joining the team, Ally worked as a Structural Engineer at Magnusson Klemencic Associates. Ally graduated from the University of Illinois in 2018 with a master’s degree in Civil and Structural Engineering.

Toe is a technical research analyst at Messari specializing in DeFi coverage. Before joining Messari, he worked as a data scientist at both Celsius Network and IBM. Toe graduated from the University of Michigan School of Information.

About the authors

Ally is a Research Analyst on the Enterprise team at Messari. Prior to joining the team, Ally worked as a Structural Engineer at Magnusson Klemencic Associates. Ally graduated from the University of Illinois in 2018 with a master’s degree in Civil and Structural Engineering.

Toe is a technical research analyst at Messari specializing in DeFi coverage. Before joining Messari, he worked as a data scientist at both Celsius Network and IBM. Toe graduated from the University of Michigan School of Information.