Base Achieves Near-Solana Performance with Nearly 1000 Transactions Per Second

Supported by Coinbase, the Layer 2 (L2) network Base has reached a peak of 959 transactions per second (TPS), with a theoretical limit of 1429 TPS. In comparison, Solana averages 931.2 TPS, having peaked at 2909 TPS, as reported by Chainspect.

At the time of writing, Base is processing 142.1 TPS. The recent spikes in network activity are attributed to the activity of launchpads and the FOMO (Fear Of Missing Out) surrounding meme coins. Base’s lead, Jesse Pollak, noted that the current record is driven by launches on the AI platform Virtuals.

According to DeFi Llama, on May 28, the protocol generated over $93,450 in fees on Base and $3,370 on Solana.

As per the service’s data, Base ranks sixth in total value locked (TVL) at $3.74 billion, while its competitor holds second place with $8.93 billion.

In this context, Base has taken the lead among Ethereum rollups, surpassing Arbitrum, which has a TVL of $2.54 billion.

Previously, the developers of leading Layer 2 solutions on Ethereum, including Base, reached an agreement to implement «base rollups» to enhance security and reduce network fragmentation.

Additionally, Ethereum co-founder Vitalik Buterin has acknowledged Base’s achievement of reaching the first stage of decentralization.