🚀 Coinbase Ethereum layer-2, Base, recorded impressive growth in total value locked (TVL), reaching $558 million.
📈 According to data from Ethereum layer-2 analytics platform L2Beat, Base's TVL increased by more than 25% in the past 7 days, surpassing Matter Labs' zkSync Era scaling solution, for the second time.
🔥 Since its launch 2 months ago, Base has had strong growth, achieving many important milestones. The current TVL growth is attributed to the re-creation of the native USD Coin (USDC) on the network, bringing the chain's USDC count to 159 million.
🔄 Last month, USDC issuer Circle announced it would bring stablecoins to Base and Optimism to improve utility and eliminate the need to use bridged Ethereum tokens. At that time, Base used USD Base Coin (USDbC), the bridge version of USDC, as a stablecoin solution for developers on the network.
🔥 With the regeneration of the original USDC on Base, the network's TVL has increased again, beating the zkSync Era, which now reaches $435 million.
📈 According to data from Ethereum layer-2 analytics platform L2Beat, Base's TVL increased by more than 25% in the past 7 days, surpassing Matter Labs' zkSync Era scaling solution, for the second time.
🔥 Since its launch 2 months ago, Base has had strong growth, achieving many important milestones. The current TVL growth is attributed to the re-creation of the native USD Coin (USDC) on the network, bringing the chain's USDC count to 159 million.
🔄 Last month, USDC issuer Circle announced it would bring stablecoins to Base and Optimism to improve utility and eliminate the need to use bridged Ethereum tokens. At that time, Base used USD Base Coin (USDbC), the bridge version of USDC, as a stablecoin solution for developers on the network.
🔥 With the regeneration of the original USDC on Base, the network's TVL has increased again, beating the zkSync Era, which now reaches $435 million.