Coinbase’s Base network resumes operations after a brief outage on August 5, marking its second incident, as network growth accelerates with new Base App features.
On August 5, Coinbase’s Base network experienced a service disruption from 06:15 UTC to 06:44 UTC at block height 33,792,704, temporarily impacting deposits, withdrawals, and block production. This incident, the network’s second outage following a similar event in September 2023, comes amid significant growth driven by the launch of the Base App, which integrates features like Base Account and Base Pay along with decentralized social platforms such as Zora and Farcaster. L2Beats data indicates that Base is now the second-largest Ethereum Layer 2 network by total value locked, exceeding $13 billion.