Ethereum

Blast

Arbitrum

Base

Optimism

Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked (TVL) surge by over 13.2% in the past week to surpass $4 billion for the first time as its 30-day transactions beat out Ethereum and its top rival, Arbitrum.
L2Beat&nbsp;<a href="https://l2beat.com/scaling/projects/base" target="_blank" rel="noopener nofollow">data</a> updated on April 7 shows Base’s total TVL at $4.15 billion, including $1.45 billion of canonically <a href="https://cointelegraph.com/explained/blockchain-bridges-explained">bridged</a> value — assets locked on Ethereum to be represented on Base — and $2.7 billion in natively minted assets.
Base is the third-largest Ethereum layer 2 by TVL, beating fourth-place rival Blast by around $1.4 billion and $3.5 billion behind the second-place Optimism and $14.6 billion behind leader Arbitrum.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/9af537ea-f7df-4dcb-8be3-7b7b99afcb1e.png" alt="" title="">
 <figcaption style="text-align: center;">
 Base’s total TVL chart with the split between canonically bridged funds (purple) and natively minted (pink). Source: L2BEAT
 </figcaption>
</figure>
Base is the only layer 2 of the top five by TVL to have posted a gain in the past week. Starknet saw the <a href="https://cointelegraph.com/news/starknet-details-bug-reorganization-blockss">biggest TVL loss at 10.2%</a>, while Optimism was down 9.1%, Arbitrum declined 5.5%, and Blast shrunk 2.4%.
The Ethereum scaler’s TVL bump comes amid an activity surge that’s seen its 30-day transaction <a href="https://l2beat.com/scaling/activity" target="_blank" rel="noopener nofollow">count</a> hit 50.34 million, surpassing Arbitrum’s 40.1 million and Ethereum’s 37.9 million.
Base’s average daily transactions per second (TPS) jumped by 29.7% over the week and over the past day has averaged 35.19 TPS — higher than the combined TPS of rival layer-2 Arbitrum and Ethereum, which saw respective scores of 16.61 and 13.91.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/a07e0618-8184-44d4-9f8c-3b68d00f5e1f.png" alt="" title="">
 <figcaption style="text-align: center;">
 Base’s TPS (red) has consistently outstripped Ethereum (blue) for over two weeks. Source: L2Beat
 </figcaption>
</figure>
Meanwhile, Base has been one of the main beneficiaries of&nbsp;<a href="https://cointelegraph.com/news/new-memecoin-traders-hit-record-high">recent memecoin activity</a>. Its meme token market capitalization has reached over $1.6 billion, a 13% jump over the last day, <a href="https://www.coingecko.com/en/categories/base-meme-coins" target="_blank" rel="noopener nofollow">according</a> to CoinGecko.
Related: <a href="https://cointelegraph.com/news/coinbase-partners-lightspark-bitcoin-lightning-payments">Coinbase partners with Lightspark for Bitcoin Lightning payments</a>
However, Base’s popularity has also attracted scammers, as the network saw <a href="https://cointelegraph.com/news/phishing-scams-layer-2-base-up-1900-percent-since-january">an 18-fold increase</a> in successful phishing scams from January to March — with $3.35 million stolen last month.
Ethereum has focused its development efforts on improving the blockchain’s ability to process layer-2 transaction data, as exampled by its March 13 <a href="https://cointelegraph.com/explained/what-is-the-ethereum-dencun-upgrade-and-why-is-it-important">Dencun upgrade</a>, which has lowered layer-2 transaction fees.
Meanwhile, layer 2’s like Base could gain further from Ethereum’s shortcomings, with VanEck analysts estimating the network’s scaling ecosystem could hit a <a href="https://cointelegraph.com/news/ethereum-layer-2-one-trillion-market-cap-2030-van-eck">$1-trillion market capitalization</a> by 2030.
Magazine: <a href="https://cointelegraph.com/magazine/blockchain-transactions-per-second-tps-stupid-big-questions/">Is measuring blockchain transactions per second (TPS) stupid in 2024? Big Questions</a>

Base hits $4B TVL as monthly txs outstrip Ethereum and Arbitrum

Cointelegraph

Другие статьи, опубликованные 8 апр. 2024 г.

Celestia Price Prediction: How High Can TIA go this April?

Binance Expands Altcoin Selection with Tensor (TNSR) Listing

BTC Nears Breakout, Relies On Dollar Index Pullback To Continue Rallying

Successful Analyst Peter Brandt Received a Critical Warning for Ethereum, Which He Called Garbage...

Attorney Bill Morgan Clarifies XRP’s Legal Status

Bitcoin (BTC) Surges Past $69K, Ethereum (ETH) Rebounds from $3,205 Support, Furrever Token (FURR...

Подпишитесь на нашу бесплатную рассылку и получайте новости криптовалют каждый день.