Base Surpasses $2 Billion in TVL with 370% Increase

Sep 27, 2024, 07:26 AM

Base, a Layer 2 Ethereum network incubated by Coinbase, has achieved a significant milestone by surpassing $2 billion in total value locked (TVL) for the first time. This marks a 370% increase year-to-date, with TVL rising from $430 million at the beginning of the year. Base is now the second-largest optimistic rollup after Arbitrum. The surge in TVL is attributed to sustained user activity and contributions from projects like Aerodrome.