Coinbase's layer 2 network, Base, has seen significant growth in 2024, generating approximately $33M in revenue since the start of the year, with over $20M in the last month alone. Base's total value locked (TVL) has reached $4B, with monthly transactions surpassing those on Ethereum and Arbitrum. Base processes about 57% of these transactions, leading the space ahead of Arbitrum and Optimism. The network's ecosystem is expanding rapidly, with around 8.6k daily deployments, indicating a resurgence in decentralized finance (DeFi). Uniswap, in particular, may become a major beneficiary of Base's growth, with daily transaction counts on Base increasing fivefold in the past month. Coinbase's total revenue from Base has now exceeded $40M, with the network consistently clearing approximately 3M daily transactions. This performance has sparked discussions about Base potentially onboarding the next 100 million users onto the blockchain, with strategies including seamless onboarding via the Coinbase Smart Wallet.