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Base, an Ethereum Layer 2 chain incubated at Coinbase, has surged into the top three Layer 2 networks by Total Value Locked (TVL). According to DeFiLlama, Base's TVL has risen to $1.7 billion, marking a 20% increase since early May. Base is now consistently the most used Layer 2 network and has become a leading network on platforms such as Uniswap and Aave. Its stablecoin payments are growing exponentially, and smart wallets are starting to gain traction. Base has reached the #2 rank with an impressive TVL of nearly $8 billion.
You are going to see many more corporate L2s like @base on ETH Fortune 500s are taking note of the $30-40M of rev per month base is doing, the new business model they've pioneered, and how they've cut out the payments middleman There will be many more. Ethereum
America's largest companies have big plans onchain. The number of cryptocurrency, blockchain or web3 initiatives announced by F100 companies hit a record high in Q1 2024. Find out more in our latest State of Crypto report: https://t.co/55px3vnGQQ https://t.co/Nmbl4XSWyw
chain abstraction is the antidote for the one million modular rollup UX dilemma...personally, I believe we are within a year of having a a completely different way of interacting across chains the speed of development in this vertical is accelerating https://t.co/hZnCmtebK6
