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Base Surpasses $2 Billion in TVL, Achieves 370% Increase, Now Second-Largest Optimistic Rollup

Sep 27, 2024, 05:45 AM

Base, Coinbase's Layer 2 blockchain, has surpassed $2 billion in total value locked (TVL), marking a significant milestone. The chain has experienced a 370% increase year-to-date, growing from $430 million at the beginning of the year. This achievement places Base as the second-largest optimistic rollup after Arbitrum. The increase in TVL is attributed to the rising value of both ETH and BTC, with cbBTC contributing to the growth.