2024-10-14
Coinbase's Layer-2 blockchain, Base, is making significant strides.
Base has recently surpassed Arbitrum in terms of Total Value Locked (TVL) and
active addresses, making it the most used Ethereum Layer-2 network.
On October 13, 2024, Base’s TVL hit new
high of $2.378 billion. While, Arbitrum has $2.345 billion in TVL. Base has surpassed
Arbitrum as the largest Ethereum Layer 2 by total value locked (TVL).
Most of the growth on Base comes from
Aerodome. It is Base’s AMM decentralized exchange. Aerodome currently has $1.273
billion in TVL.
Base developed by America’s largest
cryptocurrency exchange and the world 3rd largest cryptocurrency exchange
by trading volume, Coinbase. It built on Optimism’s OP Stack. Coinbase is a
publicly traded company, it currently has a market cap of $43.83 billion.
