Friend.tech driving Base transaction spike, Coinbase CEO reveals

Brian Armstrong, Coinbase CEO, highlighted how Friend.tech, a decentralized social application, is helping to fuel the growth and adoption of his exchange-backed Ethereum (ETH) layer-2 network, Base.

In an Aug. 23 post on X (formerly Twitter), Armstrong, while responding to a post from Coinbase Head of Protocols Jesse Pollack, noted that Base hit an average of 16 transactions per second (TPS) on Aug. 21, surpassing Ethereum’s transaction count for the same timeframe.