Coinbase's Ethereum Layer 2 Network Base said that recent slow or missing transactions were due to a configuration error, which has already been fixed.
Over the weekend, Base users experienced an increase in transaction drops and delays in retrieving transactions included on-chain. Despite the slowdown, blocks continued to be generated and the network remained operational, suggesting that the incident did not cause a complete outage.
In a post on Wednesday about X, Base explained that changes to transaction propagation caused block builders to repeatedly fetch transactions that could not be executed as base fees rose rapidly.
“We have confirmed that rolling back the changes has alleviated the issue and restored network stability,” the company said.
Related: Base's Creator Coin Experiment Meets Resistance After Nick Shirley's Launch
Upgrade your base plan to prevent future delays
The team also announced that it is currently working on a long-term fix to prevent similar disruptions.
Planned improvements include streamlining the transaction pipeline, reducing unnecessary overhead, adjusting how mempool queues handle pending transactions, and increasing monitoring during infrastructure rollouts. The work is expected to take approximately one month.
Base has emerged as a leader in the Ethereum Layer 2 network with its Total Value Lock (TVL). According to DefiLlama data, the company holds about $4.2 billion in TVL, which accounted for 47.6% of Ethereum L2 share as of Wednesday.
The base will be dominated by L2. Source: Defilama
Arbitrum (ARB) currently controls 27% of the Layer 2 market, ranking second behind Base, while all other networks are still limited to single-digit shares.
Related: CryptoBiz: Exchanges bet on prediction markets
Base emerges as the core of Coinbase's super app strategy
As reported by Cointelegraph, Coinbase is doubling down on stablecoins and its Base network as it expands beyond crypto trading and aims to become a “everything exchange” that combines crypto trading with stocks, prediction markets, and other financial products.
This expansion positions Base as the primary delivery layer for Coinbase's on-chain activities, increasingly serving as the infrastructure for the exchange to move beyond pure crypto services into always-on trading, payments, and real-world financial operations.
magazine: How will cryptocurrency law change in 2025 and how will it change in 2026?
