Coinbase-backed Layer-2 network Base has exceeded $5 billion in total value locked (TVL), solidifying its position in the Ethereum scaling solutions market. The network, which has a $4.5 billion stablecoin market cap and generates $100,000 in daily revenues, is noted for its genuine user activity, according to analyst Kyle Doops.
At the recent BaseCamp event, Base announced plans for a new bridge to Solana, aimed at enhancing cross-chain asset trading and liquidity. Additionally, the network is considering the launch of a network token, with community input expected to play a role in its development. These strategic moves underscore Base's growing influence in the Layer-2 ecosystem, as it seeks to foster global economic connectivity through interoperability.
Base L2 Surpasses $5B TVL, Plans Solana Bridge and Token Launch
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