Coinbase’s Ethereum Layer 2 network, Base, has resumed regular block production after a brief service disruption on Aug. 5, according to the project’s status page.
The disruption lasted from 06:15 UTC until 06:44 UTC.
The pause, which occurred at block height 33,792,704, temporarily impacted key network functions, including deposits, withdrawals, and general block production.
However, the issue was resolved swiftly, with normal block production restarting about 30 minutes after the initial halt.
The Base team confirmed the resolution and said they would continue monitoring the network as of press time. The team or its leadership has made no additional public comments regarding the specific cause of the problem.
This incident marks Base’s second outage, following a similar event in September 2023.
That disruption lasted over 40 minutes, and the Ethereum layer-2 network attributed the problem to an internal infrastructure refresh, assuring users that no funds were compromised.
Base’s network growth
The recent disruption occurred as Coinbase and Base continue to advance their development efforts.
The network has seen impressive growth over the past month, particularly following the launch of the Base App. This app has enhanced decentralized social and creator economy features by integrating platforms such as Zora and Farcaster.
This integration has driven a wave of new token launches and sparked increased network activity, allowing Base to flip Solana in new token creation.
Additionally, the app introduced new features such as Base Account and Base Pay, offering simplified identity and payment solutions.
Speaking on these features, Youssef, the blockchain network Devrel, said:
“Base isn’t just trying to change the financial system – it’s trying to change the way we interface with the internet.”
Unsurprisingly, these features have helped it consistently outperform other Ethereum Layer 2 networks in daily transaction volumes, surpassing even networks like Arbitrum and Optimism.
According to L2Beats data, Base is the second-largest Ethereum Layer 2 network in terms of value secured, with over $13 billion in total value locked.