Base (L2) is seeing a surge in activity

https://preview.redd.it/9d1kqct7ia4e1.png?width=900&format=png&auto=webp&s=be38595aa83104cfceb82467cf36200c4def2b2b

https://preview.redd.it/r0gu7n2aia4e1.png?width=900&format=png&auto=webp&s=25718de9d504cc158d49ed755557012e557f2f07

https://preview.redd.it/pblm5mnbia4e1.png?width=900&format=png&auto=webp&s=e54fdeb52e1e2e13c1fbf8aad467732d78c174d4

Base is seeing a surge in transactions on the network. This increased demand had an impact on transactions success rate, which have declined from ~90% to close to 70%. This surge has also driven a significant rise in L2 revenue and profits. Despite the increased cost of blobs reducing L2 profit margins from ~99% to 90%, Base generated $4M in L2 profits last week alone.

Source