Ethereum

Value

Dollars

Base

Billion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/base-surpasses-8-billion-dollars-in-total-value-locked/" data-wpel-link="internal">Base Surpasses 8 Billion Dollars in Total Value Locked</a><br></p>
<p class="p1">Ethereum Layer-2 network Base surpassed 8 billion dollars in total value locked, just days after overtaking Optimism. Blockchain <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data analysis</a> platform L2Beat data shows that as of June 10, the TVL value is now 8.05 billion dollars; this includes assets worth 2.14 billion dollars locked in Ethereum represented on Base and 5.92 billion dollars in locally minted assets.</p> 
<h2 class="p1" id="base-continues-to-break-records">Base Continues to Break Records</h2> 
<p class="p1">Coinbase-backed blockchain network surpassed OP Mainnet, the largest blockchain network in the Superchain ecosystem, last week and is now the second-largest Ethereum scaler in terms of TVL value, following Arbitrum One’s 18.27 billion dollars.</p> 
<p class="p1"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-360735 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/base-1.png" alt="" width="1251" height="431"></p> 
<p class="p1">Base reached the 1 billion dollar mark in TVL value on February 27, approximately seven months after its launch last August. However, there has been a surge since then; it increased eightfold in the last 104 days. Additionally, according to L2BEAT data, it led all Ethereum Layer-2 networks in transactions per second last month with 30.36, surpassing Arbitrum One’s 23.52. Base conducted 64.86 million transactions in the last 30 days.</p> 
<h2 class="p1" id="notable-data-for-base">Notable Data for Base</h2> 
<p class="p1">According to Dune Analytics data prepared by Niftytable, Base converted the most on-chain profit in the last three months, including a record 16.9 million dollars for the chain in March. On-chain profit fell by 58.6% to 6.98 million dollars in May but continues to lead, with the next most profitable Ethereum Layer-2, OP Mainnet, recording 1.57 million dollars in profit last month.</p> 
<p class="p1"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-360734 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/dune.png" alt="" width="932" height="494"></p> 
<p class="p1">Most of these profits were obtained from the recent <a href="https://en.coin-turk.com/exploring-the-current-trends-in-meme-token-market/" data-wpel-link="internal">memecoin</a> craze in the first few months of 2024. However, Base’s popularity with memecoin projects also attracted scammers, resulting in an 18-fold increase in funds stolen from phishing scams from January to March. According to analysts at asset manager VanEck, Ethereum Layer-2 scaling networks are expected to reach a total <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> value of 1 trillion dollars by 2025.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/base-surpasses-8-billion-dollars-in-total-value-locked/" data-wpel-link="internal">Base Surpasses 8 Billion Dollars in Total Value Locked</a></h5>

Base Surpasses 8 Billion Dollars in Total Value Locked

Table of Contents

COINTURK NEWS

Other articles published on Jun 10, 2024

Critical Statement from Solana Foundation: 'Malicious Verifiers Will Be Sanctioned!' Here are the...

Solnarize Launches Presale, Raises Over 200 SOL Within Minutes

Crypto Analyst Highlights What Polkadot Is Doing with RWA: Shares Why DOT Is Greatly Undervalued

Paraguay Extends Bitcoin Mining Support To Boost Economic Growth

Notcoin Gearing Up for a Fresh Bullish Spell; Can NOT Price Surge by 50% to Form a New ATH?

New Korean law requires NFT issuers to register as virtual asset operators

Join our free newsletter for daily crypto updates!