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Coinbase's blockchain, Base, has set a new daily transaction record, reaching 1.88 million transactions. This achievement surpasses its previous high of 1.41 million transactions, established shortly after its launch in August. Notably, this number surpasses the combined daily transactions of both Optimism and Arbitrum, which totaled 878,000 transactions. 
After the market crash on August 18, analyst Andrew Kang adopted a bullish stance. He opened long positions on Bitcoin (BTC), Ethereum (ETH), and Arbitrum (ARB). However, this decision resulted in a significant loss.
Due to his use of extremely high leverage, which reached up to 100x, Kang's positions became vulnerable and were liquidated not once, but as many as fourteen times.
These successive liquidations caused Kang to lose approximately $432,000 in a single day. This incident highlights the risks associated with trading and employing high leverage, especially during periods of intense market volatility. 
The TVL of Coinbase's blockchain has surged to $146 million following its mainnet launch, surpassing StarkNet's TVL of $112 million.
What's particularly striking is that roughly 87% of Base's TVL is held in ETH.
However, the network's throughput still has room for improvement, with its TPS standing at roughly 5.81.
For comparison, here are the TPS figures of other L2 solutions:
Optimism — 6.88
Arbitrum One — 7.26
zkSync Er — 10.72 
Layer 2 network Optimism has surpassed Arbitrum, recording 944,000 daily transactions, which is nearly 50% more than its former frontrunner with 660,000 daily transactions.
The surge in activity on Optimism can be attributed to the recent Bedrock update and the excitement surrounding the Worldcoin project, which enables user accounts within this network.
However, when it comes to Total Value Locked (TVL), Arbitrum remains in the lead, boasting over $2 billion — twice as much as its competitor. 
GMX review. The largest DEX's token on Arbitrum
Recently, Arbitrum has overtaken Ethereum in terms of daily transactions, showcasing the tremendous potential of this L2 solution. Despite not having its own token, Arbitrum has captured attention with its largest DEX platform, GMX, operating on the network. 
Base, engineered on OP Stack as a second layer network, has managed to surpass Arbitrum and Optimism in the number of daily transactions this week. Data from The Block highlighted that on August 15, Base's moving average reached 610,000 transactions, while the counts for Arbitrum and Optimism stood at 576,000 and 597,000, respectively. Although Optimism currently holds a slight lead, overall, the networks are closely competing. 
Fuel Labs Testnet Review and Guide
The excitement following the Arbitrum drop has settled, so now you can consider the next project to test. In this article, we introduce you to Fuel – a project that aims to conduct high-speed transactions. Even if you're inexperienced with this, our easy-to-follow guide will help you kickstart your journey in testing networks. Arbitrum DAO Shake-Up: Where Will 700 Million ARB Go?
On March 16th, the Arbitrum Foundation made a big announcement about their ARB token airdrop and the creation of the Arbitrum DAO. This news was met with much excitement and positivity in the cryptocurrency community. It gave the market a boost of optimism. However, things have taken a mysterious turn with the Arbitrum DAO and it's unclear what is going on. 