Base surpasses Arbitrum as the leading Ethereum layer-2 network

Interestingly, irrespective of the Coinbase-sponsored protocol, it emerged as the major victor of Ethereum Layer-2 competition regarding active wallet accounts when comparing the figures for the past 3-6 months. January adds to the base network with a total of 1.48 m unique accounts and new active users of 1.43 m. Through the ARBITRUM O trial, the patient was severely injured as it searched for a cure.

Strong Momentum and Total Value Locked

The key point here is that the current project is not only completing its tasks but also getting BAT (tokens), which L2BEAT data analysis in the last month leaves us an inescapable insight that the total value locked as of now is running the bill of $4 billion. Contrary to the widespread proverb that “imitation is the sincerest of all flattery,” this project excited me no less. It was equally considered by me a revolutionary endeavor.

The bug on the original system could not put up a valid code in 30 days and route checks amounting to 53.1 million thanks to the L2BEAT database. Arbitrum achieved about 41.2 million transactions at the end of this month chiefly because Ethereum was at only 37.9 million, which is 19.9% and 3.4% lower than Arbitrum. Right here, the strongest reason the system is now using the base coin for handling transactions is the currency based on the underlying network.

Rising scams and security concerns

Brett (BRETT) is a high-market-cap memecoin that ranks number 7 according to CoinGecko, meaning its market value is close to $720 million. The second on the list is DENIS, whose market capitalization accounts for 523 million dollars. Furthermore, BINU (TOSHI) and FANMIO (NORMIE) are the names of two EVX network’s famous memecoins that are these brands’ records.

Crypto assets are pioneers in the field of being used as a medium of trade, and companies are followed quickly. Fear of fraud and security will remain even if crypto money rises.

It would have meant an easier road to our discovery, but things like that are only there to bring more excitement and fuzz. The illustrative data pointed out that phishing attacks often occur against system users, which melt their network this time. In 15 days, it was twenty times bigger than the few days before. 

The cruelty of the assault caused $3.35 million due to the trade gain of the last 3 months. This report was just about the logo (the logo is the most preferred type of fake coin-memo coin). In addition, approximately half of the memecoins can be hacked, and it is relatively simple for the users, especially those who don’t have a risk aversion skill competence, to be scammed.

However, Coinbase had already listed its log before May 22nd. Unlike Base, which was admitted to August for the first time, Coinbase is the only one following the layer 2 network of the L2BEAT. The main issue of a centralized system consists of two aspects: the players on the field who should abide by the rules, and the fans who are always in control of everything related to network safety.

Base constant, they will visually progress via the downward arrows to arrive at the 4th quarter of 2022 terminal event. This will benefit the community greatly and be the foundation for building up S—Vietnam currency by doing it honestly and with credibility.