Ethereum-based Layer 2 network “Base” has put on an impressive performance yet again, with its Total Value Locked (TVL) coming close to one of the most notable blockchains.
Coinbase’s BASE Has Outperformed Solana
Coinbase’s layer 2 blockchain network, Base, has seen an upward trajectory movement since it was introduced to the public, outperforming some of the notable blockchains in the crypto market. The network is now drawing close to Solana in terms of TVL, indicating remarkable growth within the network.
Data from DeFiLlama shows that the blockchain network now sits a little above $407 million in TVL, while Solana sits a little above $650 million in TVL. The uptick in Base’s TVL is due to the significant number of users and developers currently settling on