Slowdown and Lost Transactions on Base Network Fixed
Coinbase’s Ethereum layer-2 network Base announced that it has fixed the configuration error causing recent slowdowns and lost transactions. Over the weekend, users experienced transaction drops and delays in chain inclusions, but block production continued and the network operated without a full outage. In a statement from Base’s X account, it was noted that due to a change in transaction propagation, the block builder repeatedly pulled transactions it could not execute amid rapidly rising base fees. The issue was resolved by reverting the change, and network stability was confirmed.
Long-Term Improvements: Transaction Pipeline Simplification
For long-term measures, the Base team is working on improvements such as simplifying the transaction pipeline, reducing unnecessary loads, adjusting the mempool queue, and strengthening monitoring in infrastructure deployments; these efforts will take about a month. These steps will enhance Base’s reliability by preventing similar issues in the future.
Base is becoming the dominant L2. Source: DefiLlama
Base TVL Leadership: Competition Following Arbitrum
Base is in the leading position among Ethereum layer-2 networks in terms of total value locked (TVL); on Wednesday, it holds 47.6% of the Ethereum L2 share with $4.2 billion TVL (according to DefiLlama data). When examining the ARB detailed analysis, Arbitrum (ARB) is in second place with 27%, while other networks have single-digit shares. Base plays a central role in Coinbase’s super app strategy that extends beyond crypto trading. This leadership is intensifying L2 competition.
ARB Technical Analysis: Support and Resistance Levels
ARB price is currently at the $0.14 level, with a 24-hour change of -0.29%. RSI at 26.49 is in the oversold region, the overall trend is downward, and Supertrend is giving a bearish signal. EMA 20: $0.1636. Strong supports: S1 $0.1228 (72/100 score, -9.17% distance), S2 $0.1311 (59/100). Resistances: R1 $0.1481 (66/100, +9.54%), R2 $0.1379 (61/100). These levels are critical for ARB futures. In connection with ETH spot analysis, L2s are strengthening the ETH ecosystem.
Vitalik Buterin’s L2 Vision: The Role of Networks Like Base
Ethereum founder Vitalik Buterin emphasized that the original vision for L2s was not extreme scalability but rather complementing Ethereum’s core strengths. Base’s rapid growth and troubleshooting efforts align with this vision; L2s should maintain stability while creating new paradigms.
Source: https://en.coinotag.com/base-fixes-configuration-error-tvl-leader-arb-analysis
