Base TVL doubles in a month as pundits tip memecoins to drive adoption

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Coinbase’s Ethereum layer-2 Base saw its total value locked double to $2 billion in March.

It took 203 days for Coinbase's Base network to notch $1 billion in total value locked but only 25 days to reach $2 billion.

Base notched $1 billion in TVL on Feb. 27, 226 days after its launch in August. However, the network managed to breach the $2 billion market just 25 days later on March 23,Some industry pundits believe that memecoins could drive the next wave of adoption on Base and potentially take some of the memecoin market share away from SolanaWe've recently witnessed one of the craziest meme season on Solana.

Meanwhile, Book of Memes and Slerf have already amassed market caps of $2.7 billion since launching on Solana earlier this month.

 

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