Base Ethereum L2 Skyrockets to $2B TVL in 23 Days, Outpaces Ethereum and Solana in Trading Volume

The Base Ethereum Layer 2 (L2) network has seen a significant surge in Total Value Locked (TVL), reaching $2 billion in a rapid ascent from $1 billion in 203 days to $2 billion in just 23 days. This growth has positioned Base to potentially overtake Blast as the 3rd largest Ethereum L2 by TVL. The network's 24-hour trading volume has also surpassed that of both Solana and Ethereum, with Base achieving $2.14 billion, compared to Ethereum's $1.1 billion and Solana's $1.08 billion, effectively flipping Solana and Ethereum in trading volume. Additionally, the Base ecosystem is witnessing a rise in user engagement and the popularity of its memecoins, with $TOSHI surpassing a $200 million market cap and $BRETT reaching a $500 million market cap. This explosive growth, highlighted by a comparison of Base TVL at $2 billion versus Solana's $4 billion, signals Base's emerging dominance in the onchain economy and its potential to become a leading platform for memecoins.