Coinbase’s Ethereum layer-2 network Base said recent slow or missing transactions were caused by a configuration error that has been fixed.
Over the weekend, Base users experienced increased transaction drops and delays in recording transactions to the onchain. Despite the delay, blocks were still produced and the network remained operational, indicating that the incident did not cause a complete outage.
In a Wednesday post on
“We resolved the issue by reverting the change and validated that network stability has been restored,” the company said.
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Upgrade basic plans to avoid future delays
The team also announced that they are now working on longer-term solutions to prevent similar disruptions.
Planned improvements include streamlining the transaction pipeline, reducing unnecessary overhead, fine-tuning how the mempool queue handles pending transactions, and strengthening monitoring during infrastructure rollout. The work is expected to take approximately one month.
Base has become the leader among Ethereum Layer-2 networks based on Total Value Locked (TVL). It held about $4.2 billion in TVL, accounting for 47.6% of Ethereum L2 stock as of Wednesday, according to data from DefiLlama.
Basic becomes dominant L2. Source: DefiLlama
Arbitrum (ARB) now controls 27% of the tier-2 market, ranking a distant second behind Base, while all other networks are limited to single-digit shares.
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Base will be central to Coinbase’s super app strategy
As Cointelegraph reported, Coinbase is doubling down on stablecoins and its Base network as it expands beyond crypto trading and builds an “all-purpose exchange” that combines crypto trading with stocks, prediction markets and other financial products.
The expansion positions Base as a key distribution layer for Coinbase’s onchain business, increasingly serving as the infrastructure for the exchange’s push beyond pure crypto services into always-on trading, payments and real financial utilities.
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