Base, Coinbase’s Ethereum Layer 2 chain, has noted a spike in inflows to its blockchain this week.
Base attracts the most capital among Ethereum Layer 2 chains, surpasses deposits to Arbitrum and Optimism. Base has recorded an inflow of over 6,500 Ether, worth nearly $20 million this week. The volume of daily contracts deployed on Base climbed to 9,000 on Tuesday. Nearly $20 million in Ether flowed into Base since Monday, nearly two times that of Arbitrum and five times as much as Optimism, its competitors in the scaling ecosystem.
Data from IntoTheBlock shows that Base has seen 6,580 Ether deposits this week, more than twice that of Arbitrum, at 2,730 and nearly five times that of Optimism at 1,260. Large holders ETH Netflow The volume of daily contracts on a chain is a metric that helps identify its relevance among developers and market participants. As seen on TokenTerminal, of the 14,700 daily contract developers on Tuesday, 9,000 are deployed on Coinbase’s Ethereum scaling solution, Base.
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