Base has surpassed Arbitrum to become the largest Ethereum Layer 2 network by total value locked, driven by strong adoption of consumer-focused applications.
The Coinbase-incubated network now holds over $15 billion in TVL, surpassing Arbitrum's $14.2 billion. Growth has been fueled by the success of social applications, gaming, and easy onboarding through Coinbase's smart wallet.
Growth Drivers
- Coinbase smart wallet integration
- Social apps like friend.tech successors
- Gaming ecosystem growth
- Low fees and fast transactions