🚀 Base Network, a layer 2 blockchain incubated by Coinbase, experienced rapid growth, briefly surpassing Ethereum. However, its total value locked (TVL) fell 18.28% to $437 million in the past week, according to L2Beat. The decline is mainly due to the massive burning of Base USDC on September 29. Despite the decline, Base remains a strong competitor in the space, having transferred more than $459 million since its inception. Do you think Base will recover? Comment below! 💬