#L2
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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. 
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 Frax Finance: A Self-Sufficient DeFi Ecosystem
Frax Finance stands out as a DeFi platform that hosts its own decentralized stablecoins, an automated market maker, a lending platform, a cross-chain bridge, and native tokens. By the close of 2023, this ensemble will incorporate an L2 blockchain. For the time being, the Frax protocol is running on Ethereum. 
Currently, Mantle DAO is evaluating a proposal that would prohibit the conversion of BIT tokens held by FTX Group into the new MNT token. Previously, Alameda Research, a branch of the FTX Group, swapped 3.4 million FTT tokens for a staggering 100 million BIT tokens, which equated to around $43 million. Yet FTX's descent into bankruptcy prompted DAO members to introduce this proposal. MNT is a token that was launched as Mantle's L2 mainnet went live. The blockchain was established by the Bybit exchange, which initiated the merge of BIT (BitDAO) and MNT tokens. Controversies aside, there's robust support for this proposal within the Mantle enclave, spotlighting the overarching investor community's interests. 
Scroll Alpha Testnet: A Comprehensive Guide
Scroll is an L2 scaling solution for Ethereum based on zkRollup technology. The team is developing zkEVM in collaboration with the Privacy and Scaling Explorations (PSE) group at the Ethereum Foundation and plans to launch the mainnet by the fourth quarter of 2023. 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. 
The Coinbase exchange presented its own "second layer", which will be called Base. The network is built in cooperation with Optimism.
Welcome to the testnet, where you can test the development of new dexes, wallets, NFTs, landings, and more.
The project's goal is ambitious: to push the industry to 1 billion users.