๐Base, Coinbase's Ethereum layer-2 protocol, saw its total value locked (TVL) spike to $558 million! According to data from analytics platform L2Beat, TVL Base is up more than 25% in the last 7 days, beating Matter Labs' scaling solution zkSync Era.
Why is TVL Base soaring?
- Relaunch of native USD Coin (USDC) on the Base network, bringing the number of USDC on the network to 159 million.
- Previously, Base used USD Base Coin (USDbC), a bridge version of USDC that served as a stablecoin solution.
Let's discuss in the comments column! Have you tried Base? How was your experience? ๐
Meanwhile, Ethereum's other L2 networks are also hot! Last month, Base and zkSync Era surpassed Ethereum's Transactions Per Second (TPS) rate of 10.18. Base recorded a 49% increase and achieved a TPS of 12.93, while zkSync Era followed with a TPS of 12.62.
Why is TVL Base soaring?
- Relaunch of native USD Coin (USDC) on the Base network, bringing the number of USDC on the network to 159 million.
- Previously, Base used USD Base Coin (USDbC), a bridge version of USDC that served as a stablecoin solution.
Let's discuss in the comments column! Have you tried Base? How was your experience? ๐
Meanwhile, Ethereum's other L2 networks are also hot! Last month, Base and zkSync Era surpassed Ethereum's Transactions Per Second (TPS) rate of 10.18. Base recorded a 49% increase and achieved a TPS of 12.93, while zkSync Era followed with a TPS of 12.62.