Coinbase's Base Chain Warns of 'Stuck' Transactions Amid Traffic Surge
Summary
Base, a layer-2 blockchain by Coinbase, is facing high network traffic and increasing fees, causing transaction delays. The surge in activity is linked to the popularity of meme coins, leading to transaction counts tripling and fees rising. Users are advised to cancel and resubmit transactions with updated gas fees. Despite challenges, the network assures the safety of funds. The rise in traffic coincides with calls for "Base season" and a surge in meme coin values. The layer-2 rollup aims to provide quicker speeds and lower fees on Ethereum. Some compare Base's struggles to Solana's amid increased trading volumes. Jesse Pollak, the creator of Base, acknowledges the challenges and criticism.
