Activity on Coinbase's Layer 2 network surges amid memecoin frenzy

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Activity on Coinbase's Layer 2 network surges amid memecoin frenzy
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The Layer 2 has seen over 200,000 transactions over the last day, according to DEXScreener.

Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto degens have made their way to Coinbase's Layer 2 blockchain.its mainnet for developers on July 13. It wasn’t slated for public launch until early August. However, in the last 24 hours, it has unexpectedly experienced a significant spike in activity and the introduction of several memecoins.

The Layer 2 recorded over 276,000 transactions in the past day, as reported by DEX Screener. Memecoins like Bald have skyrocketed on the network, surging more than 20,000-fold in just 24 hours. Based, for instance, increased by 5,580 times, while Optism increased 435 fold.Although the Base team hasn’t provided an official mainnet bridge during the developer access phase, users can utilize a

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