Ethereum

Blast

BLAST

Base

BASE

<ul>
 <li>Base secured sixth position in TVL over Blast.</li>
 <li>Ethereum tops the list with $58.594 billion, according to DefiLlama.</li>
</ul>
Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively.&nbsp;&nbsp;
Total value locked (TVL) is an important metric used in the cryptocurrency sector that allows investors to gauge the popularity and activity of a decentralized finance platform or application. The total value locked on a chain is calculated by summing the total value of digital assets locked on a specific DeFi platform or dApp.
Base and Blast have experienced a remarkable rise in their <a href="https://thenewscrypto.com/coinbase-backed-ethereum-layer-2-network-bases-tvl-hits-8-billion/" target="_blank" rel="noopener noreferrer nofollow">TVL</a>, and factors like security features, and strategic partnerships might contribute to the increasing TVL. In the TVL list, Ethereum stands on top with $58.594 billion, followed by Tron with $7. 659 billion. Binance Smart Chain, Solana, Arbitrum, Base, and Blast follows next.&nbsp;
<h3 class="wp-block-heading" id="h-recent-developments">Recent Developments</h3>
Recent research by <a href="https://x.com/tokenterminal/status/1805628547815375144" target="_blank" rel="noopener noreferrer nofollow">Token Terminal</a> mentions that Base reached a new user base. The user inflows have risen since the start of 2024, and 25% of the users are retained for more than a month. The “onchain summer” campaign influenced the expansion of Base users, more than 500K wallets interacted with the blockchain. Base, with 270,000 users on June 17th, set a new record for the most daily active users on decentralized exchanges (DEX).&nbsp;
Meanwhile, <a href="https://thenewscrypto.com/south-korean-crypto-exchange-upbit-to-launch-blast-this-week/" target="_blank" rel="noopener noreferrer nofollow">Blast</a>, an Ethereum layer 2 blockchain network, recorded all-time highs in daily transactions and active users last week.
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BASE TVL Surpasses BLAST with a Remarkable $1.549 Billion

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