Coinbase’s layer-2 network, Base, was the only top-five Ethereum layer 2 to see a value-locked gain over the past seven days.
Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked (TVL) surge by over 13.2% in the past week to surpass $4 billion for the first time as its 30-day transactions beat out Ethereum and its top rival, Arbitrum.
L2Beat data updated on April 7 shows Base’s total TVL at $4.15 billion, including $1.45 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $2.7 billion in natively minted assets.
Base is the third-largest Ethereum layer 2 by TVL, beating fourth-place rival Blast by around $1.4 billion and $3.5 billion behind the second-place Optimism and $14.6 billion behind leader Arbitrum.
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Source: https://cointelegraph.com/news/coinbase-base-tvl-4-billion-transactions-beating-ethereum