According to data from DeFiLlama, the Ethereum Layer 2 network Base, developed by Coinbase, has become the highest Total Value Locked (TVL) Rollup, changing the previous lead of Arbitrum.
Base currently has a TVL of $2.49 billion, distributed across 366 protocols, slightly surpassing Arbitrum’s $2.39 billion TVL. A significant portion of Base’s TVL comes from the decentralized exchange Aerodrome, which has a TVL of over $1.3 billion.
In addition, in terms of TVL, Base is currently among the top five blockchain networks, following only Ethereum, Tron, Solana, and BNB Chain as Layer 1 blockchains.
Base is an Optimistic rollup built using the OP Stack development stack. According to data from “The Block,” Base is also leading in user activity, with approximately 1.5 million daily active addresses, the highest among all Optimistic Rollups. According to Jesse Pollak, the head of the Base protocol, the network maintains a throughput of 70 TPS (transactions per second).
In terms of decentralization, Base is still in its early stages, according to the standards of the L2 research platform L2BEAT, the network is in “Phase 0” – fully relying on auxiliary rollers, which means that the Rollup has no fraud-proof system yet, and users must rely on block proposers to submit accurate L1 state roots. The core developers of Base have committed to incorporating fraud-proof into their roadmap, and relevant development work is underway.
Source: DeFiLlama
