Base was one of the top-performing L2 chain in terms of network fees over the past few days, comprehensively beating OP Mainnet and Arbitrum.
On examining the trajectory on a wider timeframe, some more intriguing findings came to light. Base raced past competition in the first few weeks of launch to emerge as the L2 with most network fees collected. However, a reversal followed and Base soon lost its numero uno spot.
Since the beginning of this week, things again took a U-turn as Base recorded a sharp spike in fees accumulated from processing transactions. On 14 September, nearly $189.9k was collected, as shown in the graph below.Recall that Base is built on the OP stack, the software powering Op Mainnet and few other emerging L2s. As part of the revenue-sharing agreement, Base pays either 2.5% of its revenue or 15% of its profits to theBase also clocked its best ever transaction throughput on 14 September.
On expected lines, the jump in network fees was a logical outcome of the increasing on-chain traffic. According toMost of the new users participated in on-chain transfers as the daily transaction count also soared.
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