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<p class="is-style-lead">The total value locked (TVL) of Base, an Optimism-based layer-2 platform for Ethereum, is&nbsp;<a href="https://l2beat.com/scaling/summary" target="_blank" rel="noopener noreferrer nofollow">surging</a>, increasing by 48X, partially attributed to the frenzy surrounding the BALD meme coin.&nbsp;</p> 
<p>As of July 30, Base’s TVL stands at $46.18 million, surpassing competitors Mantle and Apex, and closing in on Polygon’s zkEVM, which has a TVL of $56 million.</p> 
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 <img decoding="async" src="https://crypto.news/app/uploads/2023/07/Screenshot369.png" alt="Base's TVL spikes 48X on BALD meme coin frenzy - 1" class="wp-image-14181889" width="1017" height="664"> 
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   Base TVL: L2Beat 
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<p>The BALD meme coin, inspired by Brian Armstrong, the founder of Coinbase, has played a significant role in driving the transaction count on Base.&nbsp;</p> 
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   <p lang="en" dir="ltr">The real <a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BALD</a> is here.<br><br>WE ARE NOT THE SAME.<a href="https://t.co/6sr12SILpl" target="_blank" rel="noopener noreferrer nofollow">https://t.co/6sr12SILpl</a><a href="https://t.co/QnAAO94HuQ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/QnAAO94HuQ</a> <a href="https://t.co/Nq64GHH4bz" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Nq64GHH4bz</a></p>— $BALD on ETH (@bald_erc20) <a href="https://twitter.com/bald_erc20/status/1685632425295216640?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 30, 2023</a> 
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<p>Since launching on July 29, BALD prices have surged by 4,000,000%,&nbsp;<a target="_blank" href="https://dexscreener.com/ethereum/0xa48555ef510b34268ef554b4d6cd430bcb44b669" rel="noopener noreferrer nofollow">rising</a>&nbsp;to $0.063 with a market capitalization of over $45 million. This spike has led to fear of missing out (FOMO), enticing users to invest in BALD to make quick profits.&nbsp;</p> 
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   <p lang="en" dir="ltr">These 4 addresses spent 0.534 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($1K) to buy 50M <a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BALD</a> (50% of the total supply) within 4 mins of <a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BALD</a> starting trading.<br><br>Then sold 37M <a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BALD</a> for 554 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($1.04M).<br><br>Earned $1M with $1K in 1 day! <a href="https://t.co/gXIDRjbhic" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/gXIDRjbhic</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1685656638328557569?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 30, 2023</a> 
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<p>The influx of funds into Base and spike in interest due to the BALD frenzy has indirectly driven transaction count and interest on the OP Mainnet, formerly Optimism.&nbsp;</p> 
<p>As of July 30, the OP Mainnet TVL stood at $2.92 billion, rising in sync with Base, whose technology is based on the roll-up technology that anchors the OP Mainnet.</p> 
<p> You might also like: <a href="https://crypto.news/optimism-to-unveil-mainnet-upgrade-on-june-6/" rel="noopener noreferrer nofollow"> Optimism to upgrade mainnet in June </a> </p> 
<p>Despite their impressive growth and popularity, meme coin fans should exercise caution when connecting to Base and trading BALD meme coin.&nbsp;</p> 
<p>Base is still being tested. This means users who engage blindly can lose funds. However, users can still connect by manually sending funds to the official contract address.</p> 
<p>Accordingly, how BALD’s performance evolves ahead of the Base’s official launch in August is closely being monitored. </p> 
<p>Whether the BALD frenzy will subside is also yet to be seen.&nbsp;</p> 
<p>Ethereum layer-2 transactions are cheaper than on the mainnet. Their scalability and low fees attract users and projects to leading platforms like Arbitrum and OP Mainnet.&nbsp;</p> 
<p>Recently, Worldcoin launched the airdrop of its WLD tokens on OP Mainnet, driving transaction counts above Arbitrum for the first time while also pumping its TVL.</p> 
<p> Read more: <a href="https://crypto.news/optimism-overtakes-arbitrum-in-daily-transactions-after-worldcoin-launch/" rel="noopener noreferrer nofollow"> Optimism overtakes Arbitrum in daily transactions after Worldcoin launch </a> </p>

Base’s TVL spikes 48X on BALD meme coin frenzy

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