Base is rolling out month-long infrastructure upgrades to stop future transaction delays and improve overall network reliability.
Coinbase's Ethereum Layer 2 network Base said recent slow or missing transactions were attributable to a hard and fast configuration error.
Over the weekend, Base users experienced increased transaction drops and delays in including transactions on-chain. Despite the slowdown, blocks continued to be produced and the network remained operational, indicating that the incident didn’t end in an entire outage.
In a Wednesday post
“We have resolved the difficulty by rolling back the change and confirmed that network stability has been restored,” it said.
Base plans to upgrade to stop future delays
The team also announced that it’s now working on longer-term solutions to stop similar disruptions.
Planned improvements include streamlining the transaction pipeline, reducing unnecessary overhead, optimizing the way in which the mempool queue processes pending transactions, and increasing monitoring during infrastructure rollout. The work is predicted to take a few month.
Base has turn out to be the market leader amongst Ethereum Layer 2 networks after Total Value Locked (TVL). As of Wednesday, it held about $4.2 billion in TVL, accounting for 47.6% of Ethereum L2 share, in keeping with data from DefiLlama.
Base becomes dominant L2. Source: DefiLlama
Arbitrum (ARB) now controls 27% of the Layer 2 market, well behind Base, while all other networks remain limited to single-digit shares.
Base is proving to be a central a part of Coinbase's super app strategy
As Cointelegraph reported, Coinbase is increasing its reliance on stablecoins and its base network because it expands beyond crypto trading and becomes an “all the things exchange” that mixes crypto trading with stocks, prediction markets and other financial products.
The expansion positions Base as a key distribution layer for Coinbase's on-chain operations and increasingly serves as infrastructure for the exchange's push beyond pure crypto services into always-on trading, payments and real-world financial services.
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