Ethereum

Arbitrum

Base

Coin

Gains

<p>Coinbase’s Ethereum layer-two scaling network, Base, hit a total value locked (TVL) of more than $4 billion amid an explosion of meme coin activity as it overtook Ethereum and Arbitrum by transaction volume.</p>
<p>Data from <a href="https://l2beat.com/scaling/projects/base" target="_blank" rel="noopener noreferrer nofollow">L2Beat</a> shows Base’s TVL has increased by 22% to over $4.33 billion. Its 30-day transaction count was 50.34 million, enabling it to surpass Arbitrum’s 40 million, Ethereum’s 37.9 million, and Optimism’s 18 million.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Base?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Base</a> hits $4B TVL, Outshines Arbitrum &amp; Ethereum in 30-day Transactions<br>Base, a layer-2 network by <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a>, has achieved a remarkable milestone by reaching a total value locked (TVL) of $4 billion, surpassing both <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> and <a href="https://twitter.com/hashtag/Arbitrum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Arbitrum</a> in monthly transactions.</p>
 <p>This surge…</p>
 <p>— Crypto Love (@smallcappick) <a href="https://twitter.com/smallcappick/status/1777222222031073772?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Base now ranks as the third-largest Ethereum L2 after Arbitrum and Optimism. Arbitrum has a TVL of $19 billion while Optimism’s TVL stands at $7.96 billion.</p>
<p>But Base is the only network among the top three to post TVL gains in the past week. Its TVL soared 13.2% in the past week alone.</p>
<h2 id="meme-coin-activity-drives-gains-for-base">Meme Coin Activity Drives Gains for Base</h2>
<p>Base’s surge in TVL comes as meme coin activity on the network explodes. Data from <a href="https://www.coingecko.com/en/categories/base-meme-coins" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a> shows that in the last 24 hours, the market capitalization for meme coins on the Base network has increased by 25% to $1.8 billion.</p>
<p>The growing popularity of the network has also attracted scammers, with <a href="https://dune.com/scam-sniffer/march-2024-scam-sniffer-phishing-report" target="_blank" rel="noopener noreferrer nofollow">over $3 million stolen</a> from it in March, according to Dune.</p>
<p>According to VanEck, Ethereum layer-two networks will benefit from Ethereum’s slow speed and network congestion. The <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-ethereum-layer-2s-valuation-prediction-by-2030/" rel="noopener noreferrer nofollow">report</a> estimates the market capitalization of layer-twos will reach $1 trillion by 2030.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/new-class-of-culture-meme-coins-may-surpass-dog-themed-cryptos-like-shib-and-doge-analyst-says" rel="noopener noreferrer nofollow">New Class Of Culture Meme Coins May Surpass Dog-Themed Cryptos Like SHIB And DOGE, Analyst Says</a></li>
 <li><a href="https://insidebitcoins.com/news/can-pepe-dethrone-shiba-inu-or-will-they-both-be-outperformed-by-this-hottest-meme-coin-launching-soon" rel="noopener noreferrer nofollow">Can Pepe Dethrone Shiba Inu? Or Will They Both Be Outperformed by This Hottest Meme Coin Launching Soon?</a></li>
 <li><a href="https://insidebitcoins.com/news/ripple-ceo-brad-garlinghouse-says-crypto-market-cap-to-double-by-year-end-to-top-5t-on-bitcoin-etfs-btc-halving" rel="noopener noreferrer nofollow">Ripple CEO Brad Garlinghouse Says Crypto Market Cap To Double By Year End To Top $5T On Bitcoin ETFs, BTC Halving</a></li>
</ul>

Base TVL Hits $4B As Transactions Surpass Ethereum And Arbitrum As Meme Coin Activity Explodes

Mục lục

Inside Bitcoins

Các bài viết khác được xuất bản trên 8 thg 4, 2024

As NEAR Protocol (NEAR) Expands, Enthusiasts Discover New Opportunities with Koala Coin (KLC) and...

Velo and Solana Foundation Sign MOU to Establish Clearing House for Laos' Digital Gold Transactions

Seasoned Analyst Reveals the Peak Bitcoin Price Could Climb in the Current Cycle

Crypto Price Prediction: Memecoins Surge with BTC to $72K

Ethereum Price Prediction: ETH Price Surges Rapidly; What Next?

Ripple XRP CEO Predicts $5 Trillion Crypto Market Cap: ETFs, Halving Could Fuel Surge

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!