Base Network hits almost 2M transactions in a day still lags Polygon BSC

Published: 2023-09-17


1. Increase in Transactions on Base Network (Topic 1) The article highlights the significant increase in transactions on the Base Network,reaching almost 2 million transactions in a single day. Despite this achievement,the network's performance is shown to lag behind other blockchain networks such as Polygon and Binance Smart Chain (BSC). - The Base Network has experienced a remarkable surge in transaction volume,demonstrating its growing popularity and user adoption. - However,the article points out that the network needs to address its performance issues to compete with more established blockchain networks like Polygon and BSC.

2. Comparison with Polygon and BSC (Topic 2) The article focuses on the comparison between the Base Network and established blockchain networks such as Polygon and BSC,highlighting the areas in which the Base Network lags behind. - Polygon and BSC are renowned for their high transaction speeds and low costs,offering users a seamless experience when executing transactions. - In contrast,while the Base Network has shown steady growth in transaction volume,it still needs to improve its scalability and performance to match the standards set by Polygon and BSC.

3. Challenges and Potential for Improvement (Topic 3) The article recognizes the challenges faced by the Base Network and emphasizes the need for improvement to overcome these obstacles. - The article mentions the importance of addressing scalability issues to enhance the network's capacity to handle a higher number of transactions without sacrificing its performance. - Additionally,the Base Network could benefit from implementing strategies to reduce transaction fees,thus becoming more competitive in the market. - The article concludes by acknowledging the potential of the Base Network to become a prominent player in the blockchain ecosystem if it successfully addresses its performance shortcomings and enhances user experience. Overall,the article highlights the increase in transactions on the Base Network,compares it with other blockchain networks,and discusses the challenges it faces along with its potential for improvement.


Reference: cointelegraph.com

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