Back

Base Leads Ethereum L2 Daily Fee Revenue with Nearly 70% Share

CryptoRank data shows Base earned about $147,000 on January 14, surpassing Arbitrum and Starknet in Ethereum Layer 2 fee generation.

ETH
ARB
STRK

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Ethereum Layer 2 (L2): A scaling solution built on Ethereum that processes transactions off-chain to reduce fees and improve speed.
  • Daily Fee Revenue: The total transaction fees collected by a blockchain network within a single day.
  • Base: An Ethereum Layer 2 network developed by Coinbase, designed to offer lower-cost and faster transactions.