🚀Coinbase's Ethereum layer-2 protocol Base recorded a significant increase again in its total locked value (TVL), this time reaching $558 million.
📈According to L2Beat data, Base's TVL increased by more than 25% in the last seven days, outperforming Matter Labs' zero-knowledge (zk) rollup technology-powered scaling solution zkSync Era for the second time.
- Base's TVL reached 558 million dollars
- The Base network, launched two months ago, has made great progress
- TVL increase due to native USD Coin (USDC) reminting on the network
- Base's TVL exceeds zkSync Era's TVL of $435 million
Ethereum's L2 networks are attracting a lot of attention, and Base has remained popular since August despite the current downtrend.