Base Overtakes Rivals with $4.79B TVL After 237% Annual Growth

Coinbase-backed Base has surged to the top of the layer-2 ecosystem, surpassing Arbitrum and Linea in total value locked as DeFi adoption accelerates.

ETH

ARB

194d ago

Summary

Base recorded a 237% year-on-year increase in total value locked, reaching $4.79 billion. This milestone positions it as the leading Ethereum layer-2 network, surpassing Arbitrum at $3.24 billion and Linea at $1.28 billion. Initially launched by Coinbase, Base has transitioned from a corporate-backed initiative to strong DeFi-native growth.

Terms & Concepts

Total Value Locked (TVL): The overall value of assets deposited in a blockchain protocol, reflecting the level of user participation and liquidity.
Layer-2 (L2) Network: A secondary blockchain built on top of a main chain (such as Ethereum) to improve scalability and reduce transaction costs.
DeFi (Decentralized Finance): A blockchain-based financial ecosystem that allows users to trade, lend, borrow, and earn yield without traditional intermediaries.