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

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Ethereum layer 2 blockchain Base has passed a TVL of $4 billion after a weekly gain of over 13%.

Coinbase’s layer-2 network Base was the only top five Ethereum layer 2 to see a value-locked gain over the past seven days.

Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked 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.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.

Base’s total TVL chart with the split between canonically bridged funds and natively minted . Source: L2BEATcount Base’s average daily transactions per second jumped by 29.7% over the week and over the past day has averaged 35.19 TPS — ahigher than the combined TPS’ of rival layer 2 Arbitrum and Ethereum, which saw respective scores of 16.61 and 13.91.recent memecoin activity

. Base nwhere its meme token market capitalization has reached over $1.

 

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