- Base recently achieved a significant milestone in its transaction count, surpassing 4 million transactions.
- This uptick in transaction count indicates increased user engagement and adoption.
Additionally, Base’s Total Value Locked (TVL) also experienced a spike, reaching a noteworthy milestone.
Base’s Milestone Transaction Count
Recent data from Coin98 Analytics revealed that Base has set a new record in network activity, leading in transaction count among Layer 1 (L1) and Layer 2 (L2) networks.
With over 4 million transactions, Base outperformed its closest competitor, which recorded around 2.2 million transactions.
This achievement marks a significant milestone for Base, showcasing its growth and dominance in the network.
Analysis from Growthepie further validates Base’s leading position in transaction count and active addresses.
Base’s TVL Growth
The Total Value Locked (TVL) in Base has been on a positive trajectory, indicating significant growth in DeFi engagement.
Data from DeFiLlama shows a steady increase in TVL, surpassing $1.7 billion from an initial $1.3 billion.
Source: DefiLlama
This growth in TVL signifies a significant milestone for Base, showcasing its increasing presence in the DeFi sector.
Base’s Position Among L2 Networks
According to L2Beats, Base has established itself as one of the top Layer 2 (L2) networks in terms of TVL.
While currently ranked second behind Arbitrum [ARB], Base’s TVL represents approximately 15% of the L2 market share, showcasing its strong market presence and growth.