Coinbase’s Base, a scaling solution for Ethereum, is quickly becoming the most popular network for building on Ethereum.
Base is Booming
Base has seen a huge increase in activity over the past couple of months. It’s now processing a massive amount of transactions, surpassing other popular Ethereum scaling solutions like Optimism and Arbitrum.
Base’s TVL is King
The total value locked (TVL) on Base has been growing steadily since September. In the past 24 hours, Base’s TVL reached a new high, officially making it the biggest Ethereum L2 network in terms of TVL.
Base is Still Growing
Base’s growth isn’t just about TVL. It’s also seeing an increase in active users and transactions. This means more people are using Base, which is a good sign for its future.
Base vs. Arbitrum
Base is still behind Arbitrum in terms of stablecoin market cap, but with its current growth rate, it’s likely to catch up soon.
The Future is Bright for Base
With its growing user base and impressive TVL, Base is well-positioned to continue its success. It’s definitely a network to watch in the future of Ethereum.
