Base has surged by over 67% in TVL since dipping below $6 billion in September, showcasing impressive recovery and growth.
Amid an uptick in crypto market activity, the Base network has gained renewed momentum. Data from L2Beat highlights that Base’s total value locked (TVL) has increased by more than 5% over the past week, crossing the $10 billion threshold for the first time. This growth has been driven by Aerodome Finance, which underscores the prominence of meme coin trading within the network. Since its September low of under $6 billion, Base’s TVL has climbed by a remarkable 67%.
This achievement places Base as the second Ethereum Layer 2 network to exceed $10 billion TVL, following Arbitrum. On November 24, Base also set a new benchmark for transaction speed, reaching an impressive 106.26 transactions per second (TPS).
Expanding Activity on Base
The network has also made strides in user engagement. The total on-chain transactions surpassed 9 million this week, while weekly active addresses neared 6.6 million, signaling increased adoption and usage.
Base’s growth has coincided with fluctuations in stablecoin activity across blockchain ecosystems. On October 26, Base briefly emerged as the leading blockchain for stablecoin volume, capturing over 30% of the market and surpassing Ethereum, Solana, and Tron. However, by November 23, stablecoin supply within its ecosystem declined, dropping its ranking to the third-largest blockchain for stablecoin volume behind Solana and Ethereum, according to Artemis Terminal data.
Interestingly, this shift came after the election period. David Alexander II, a partner at Anagram, noted that while Arbitrum experienced a 19% increase in total stablecoins on its network, Base and Optimism saw declines of 6.6% and 1%, respectively, since November 5.
Make money without lifting your fingers: Start using a world-class auto trading solution.
LonghornFX, your trusted Partner in CFDs, Cryptocurrencies and Stocks.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
