Base just ranked third among the top blockchains by volume as transactions hit historically new highs.
Base ups the ante in terms of competitiveness as strong weekly volumes earn it a spot in the top 3 ranking.Daily transactions soar to a new all-time high of $6.52 million, aided by strong address growth.
The latest findings indicate that it was already rubbing shoulders with the top blockchains that offer intense competition.The ranking revealed that Base has been one of the most preferred blockchains during the latest surge in DeFi activity. It had a DEX TVL of $1.56 billion, which means its DeFi ecosystem has been enjoying robust activity.
For perspective, the network had less than 2 million accounts at the start of January this year. That figure has since gone up to over 69.7 million addresses as of the 25th of October.Such an impressive level of growth was bound to yield a surge in on-chain activity. Nothing demonstrates this better than the level of network transactions.According to DeFiLlama, Base daily transactions hit a new all-time high of 6.52 million transactions in the last 24 hours at the time of writing.
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