Coinbase’s Ethereum Layer 2 solution, Base network,  achieves a milestone with record decentralized exchange (DEX) trading volume of USD 1.21B. The platform’s scalability and low transaction fees attract users, signaling growing adoption of Layer 2 solutions for Ethereum-based decentralized finance (DeFi) applications. This achievement underscores the importance of Layer 2 scaling solutions in addressing Ethereum’s scalability challenges.