Arbitrum

Worldcoin

Mantle

Optimism

BALD

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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;surging, increasing by 48X, partially attributed to the <a rel="noopener noreferrer nofollow" title="frenzy" href="https://thebittimes.com/tag/frenzy.html">frenzy</a> 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" loading="lazy" src="https://cdn.thebittimes.com/images/2023/07/30/964107c9df16152d649f0690b480ad76.webp" 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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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">The real $BALD is here.<br><br>WE ARE NOT THE SAME.https://t.co/6sr12SILplhttps://t.co/QnAAO94HuQ pic.twitter.com/Nq64GHH4bz</p>— $BALD on ETH (@bald_erc20) July 30, 2023 
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 <p>Since launching on July 29, BALD prices have surged by 4,000,000%,&nbsp;rising&nbsp;to $0.063 with a market capitalization of over $45 million. This <a rel="noopener noreferrer nofollow" title="spike" href="https://thebittimes.com/tag/spike.html">spike</a> has led to fear of missing out (FOMO), enticing users to invest in BALD to make quick profits.&nbsp;</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">These 4 addresses spent 0.534 $ETH($1K) to buy 50M $BALD (50% of the total supply) within 4 mins of $BALD starting trading.<br><br>Then sold 37M $BALD for 554 $ETH($1.04M).<br><br>Earned $1M with $1K in 1 day! pic.twitter.com/gXIDRjbhic</p>— Lookonchain (@lookonchain) July 30, 2023 
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 <p>The influx of funds into Base and <a rel="noopener noreferrer nofollow" title="spike" href="https://thebittimes.com/tag/spike.html">spike</a> in interest due to the BALD <a rel="noopener noreferrer nofollow" title="frenzy" href="https://thebittimes.com/tag/frenzy.html">frenzy</a> 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Optimism to upgrade mainnet in June 
 </div> 
 <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 <a rel="noopener noreferrer nofollow" title="frenzy" href="https://thebittimes.com/tag/frenzy.html">frenzy</a> 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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Optimism overtakes Arbitrum in daily transactions after Worldcoin launch 
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Base’s TVL spikes 48X on BALD meme coin frenzy

TheBitTimes

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