Base

Base, an Ethereum-based blockchain developed by Coinbase, operates as a Layer 2 (L2) network, leveraging Optimism to provide a secure, cost-effective, and user-friendly environment for decentralized application (dApp) development. With a mission to onboard the next billion users to web3, Base ensures near-zero fees, quick transactions, and robust security supported by Ethereum's infrastructure. At its launch, Base had over 100 dApps and service providers, aiming to solve the blockchain trilemma by prioritizing interoperability and composability among participating rollups. This approach enhances scalability while preserving security and decentralization.

Metrics Overview:
Base TPS is 88.75 transactions per second
Base Max TPS is 293 transactions per second
Base Max Theoretical TPS is 1,429 transactions per second
Base block time is 2s
Base time to finality is 16m
Base is a Layer 2 blockchain
Base governance model is off-chain
Base was launched on Aug 9, 2023 (1 year ago)