Layer 2 Ethereum network Coinbase determined that recent snail-paced or missing transactions were due to a fixed configuration error.
Over the weekend, Base users experienced repeated transaction drops and delays in transactions being reflected in the supply chain. Despite the slowdown, block production continued and the network was operational, suggesting that the incident did not cause a complete failure.
On Wednesday post on X Base explained that a change in transaction propagation caused the block builder to repeatedly download transactions that could not be executed due to the rapid raise in base fees.
“We mitigated the issue by rolling back the change and verified that network stability was restored,” he said.
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Updated baseline plans to prevent future delays
The team also announced that they are currently working on long-term fixes to prevent similar disruptions.
Planned improvements include streamlining the transaction pipeline, reducing unnecessary overhead, tuning how the memory queue handles pending transactions, and strengthening monitoring during infrastructure deployment. The work is expected to last about a month.
Base has emerged as the leader among Ethereum Layer 2 networks in terms of total value locked (TVL). On Wednesday, it held about $4.2 billion in TVL, which was 47.6% of Ethereum L2 share, According to to data from DefiLlama.
Arbitrum (ARB) currently controls 27% of the Layer 2 market, ranking second behind Base, while all other networks are circumscribed to single-digit shares.
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Base becomes key to Coinbase’s super app strategy
As Cointelegraph reports, Coinbase is doubling down on stablecoins and its Base network as it moves beyond cryptocurrency trading and toward an “exchange for everything” that combines cryptocurrency trading with stocks, predictive markets and other financial products.
The expansion positions Base as a key distribution layer for Coinbase’s onchain business, increasingly serving as the infrastructure for the exchange’s expansion beyond purely cryptographic services towards always-on trading, payments and real-world financial tools.
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