According to the latest data from L2Beat on June 10th, the total value locked (TVL) on Base has reached $8.05 billion. This includes $5.92 billion in assets minted on the platform and $2.14 billion in assets bridged from Ethereum to Base.
Base has seen significant growth in the last three months, surpassing Optimism’s OP Mainnet in TVL just days after becoming the largest chain in the Superchain ecosystem. It is now the second-largest Ethereum scaler, behind Arbitrum One with $18.27 billion in TVL.
Since its launch in August 2023, Base has reached several milestones, including hitting the $1 billion TVL mark on February 27. The platform has seen a rapid increase in activity, with the highest number of transactions per second among all Ethereum layer 2s at 30.36, surpassing Arbitrum One’s 23.52. In the last 30 days alone, Base has processed 64.86 million transactions.
A Dune Analytics dashboard created by “niftytable” shows that Base has generated the highest on-chain earnings in the past three months, with a record-breaking $16.9 million in March. Despite a slight drop to $6.98 million in April, Base still leads as the most profitable Ethereum layer 2 platform.
The surge in memecoin activity earlier this year contributed to Base’s growth, attracting both investors and criminals. Unfortunately, the platform experienced an 18-fold increase in funds stolen through phishing schemes from January to March.
In crypto news today, the question remains: can Bitcoin break through resistance levels after achieving its second-highest weekly close?
