Introduction

Welcome to the Coinbase Base Testnet Dashboard! This dashboard is designed to track and measure the early activity on Coinbase's new Layer 2 solution, Base. As the world's leading cryptocurrency exchange, Coinbase is always looking for ways to improve the user experience and lower the cost of transactions on its platform. With the launch of Base on Testnet, Coinbase is taking a big step towards achieving this goal. This dashboard will provide you with a comprehensive view of the performance of Base Testnet by tracking key metrics such as Average Gas Fee, Daily Total Gas Spent, Transaction Activity, and Daily and Cumulative Active Addresses. Additionally, you can compare the early activity of Base Testnet to the Testnet of other chains to see how it stacks up against the competition. Get ready to explore the exciting world of cryptocurrency and keep a close eye on the progress of Base!

Terms

Layer 2 (L2) Solution - refers to an additional layer built on top of a blockchain network that aims to increase the speed and scalability of transactions without compromising security. Testnet - refers to a blockchain network used for testing and experimentation purposes. Testnets allow developers to test their applications and solutions in a safe environment without affecting the main network. Gas Fee - refers to the fee charged for executing a transaction on the Ethereum blockchain. The gas fee is paid in Ether (ETH) and is used to compensate the network's miners for processing the transaction. Transaction Activity - refers to the number of transactions taking place on a blockchain network over a given period of time. This metric provides insight into the level of usage and adoption of a blockchain network. Active Addresses - refers to the number of unique addresses that have executed transactions on a blockchain network over a given period of time. This metric provides insight into the level of user engagement on a blockchain network.

Coinbase L2 Testnet