Coinbase’s (COIN) Base Hits Record High for Daily Transactions, Eclipsing Rivals Arbitrum (ARB), Optimism (OP)

“Interestingly, it is not decentralized finance (DeFi) applications nor non-fungible token (NFT) marketplaces driving the surge in Base’s activity. Instead, a significant portion of usage can be attributed to a new social application, FriendTech,” said Lucas Outumuro, head of research at IntoTheBlock.