
@base.base.eth Network Challenges Solana with 1000 TPS
š¦ Coinbaseās second-layer blockchain Base has temporarily reached nearly 1000 transactions per second (TPS), approaching Solanaās performance. Jesse Pollack announced that Base achieved this stability when it launched on the Virtuals platform. Solana currently has 1039 TPS. Baseās temporary achievement of this transaction rate brought it closer to Solana, but Solana is more stable. The Virtuals platform held a token launch event this week, called Solace
š¦ The Virtuals protocol generated more than $60,000 in fees on Base on May 28, compared to just $4,000 for Solana. Base fees increased on May 29, but remained around 4 cents on average, according to Dune Analytics. With $15.3 billion in locked value, Base is the largest rollup-based second-layer network by market cap, with roughly 34% of the market. Both platforms generate most of their revenue from the mining and trading of memecoins, with Baseās total locked value in DeFi at $3.75 billion 0 reply
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