Ethereum Layer-2 Project Base’s TVL Growth Exceeds $4 Billion

Coinbase’s Ethereum Layer-2 project Base achieved a significant milestone by surpassing a total locked value (TVL) of $4 billion. According to L2Beat data, this value led to a rapid rise among Base’s popular L2 chains. Base outperformed past leaders such as Arbitrum and Optimism in TVL growth. Increase in Base TVL In the last seven days, Base’s TVL increased by 14%, while its competitors Arbitrum and Optimism saw increases of 4.91% and 8.28% respectively. This secured Base a 10% share among all scaling projects. Base’s achievement is particularly significant as it does not have a native token. Web3 Move by Base Base platform is attracting not only meme tokens but also serious developers. Web3 gaming platform Iskra, affiliated with major companies like Tencent and Netmarble, announced its transition to Base. Iskra’s preference for Base is due to its reliable position and Coinbase integration. As Base continues to grow, challenges like […]

Ethereum Layer-2 Project Base’s TVL Growth Exceeds $4 Billion

Coinbase’s Ethereum Layer-2 project Base achieved a significant milestone by surpassing a total locked value (TVL) of $4 billion. According to L2Beat data, this value led to a rapid rise among Base’s popular L2 chains. Base outperformed past leaders such as Arbitrum and Optimism in TVL growth.

Increase in Base TVL

In the last seven days, Base’s TVL increased by 14%, while its competitors Arbitrum and Optimism saw increases of 4.91% and 8.28% respectively. This secured Base a 10% share among all scaling projects. Base’s achievement is particularly significant as it does not have a native token.

Web3 Move by Base

Base platform is attracting not only meme tokens but also serious developers. Web3 gaming platform Iskra, affiliated with major companies like Tencent and Netmarble, announced its transition to Base. Iskra’s preference for Base is due to its reliable position and Coinbase integration.

As Base continues to grow, challenges like the increase in fraudulent tokens have also emerged. Solidus Labs reported the quick emergence of 500 fraudulent tokens in Base, resulting in a $3.7 million transaction volume.

Useful Information for Readers

Base’s TVL exceeding $4 billion sets it apart as one of the popular L2 chains.
Base’s achievement without a native token may suggest a focus on the platform’s technical advantages rather than token-centric strategies for investors.
Industry giants such as Web3 and blockchain gaming platforms prefer Base due to its technical infrastructure and reliability.
Fraudulent tokens pose a common issue in new L2 networks; investors and users should be cautious of such risks.

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