Base, an Ethereum Layer 2 chain incubated at Coinbase, has surged into the top three Layer 2 networks by Total Value Locked (TVL). According to DeFiLlama, Base's TVL has risen to $1.7 billion, marking a 20% increase since early May. Base is now consistently the most used Layer 2 network and has become a leading network on platforms such as Uniswap and Aave. Its stablecoin payments are growing exponentially, and smart wallets are starting to gain traction. Base has reached the #2 rank with an impressive TVL of nearly $8 billion.
You are going to see many more corporate L2s like @base on ETH Fortune 500s are taking note of the $30-40M of rev per month base is doing, the new business model they've pioneered, and how they've cut out the payments middleman There will be many more. Ethereum
America's largest companies have big plans onchain. The number of cryptocurrency, blockchain or web3 initiatives announced by F100 companies hit a record high in Q1 2024. Find out more in our latest State of Crypto report: https://t.co/55px3vnGQQ https://t.co/Nmbl4XSWyw
chain abstraction is the antidote for the one million modular rollup UX dilemma...personally, I believe we are within a year of having a a completely different way of interacting across chains the speed of development in this vertical is accelerating https://t.co/hZnCmtebK6
the Fortune 500 are moving onchain https://t.co/DhXiUhI4qn
Exciting news @Coinbase study shows the U.S. is accelerating adoption of crypto. 56% of Fortune 500 execs say they are working on onchain projects — but are we doing enough to retain talent? More on how major firms are adding value through blockchain: https://t.co/Htl4kVYgBH
📌 The Solution to Modular Fragmentation Ethereum’s rollup-centric roadmap solved scaling issues but led to fragmentation. Intent-based solutions haven't fully addressed this problem. Learn why the Clearing Layer is essential for Chain Abstraction to make Web3 as easy to use as… https://t.co/ubIFYnJq7g
It’s obvious we’re in a fragmented web3. Different chains w/ different incentive allocation to get sticky users, gud! But end up with siloed chains Particle’s chain abstraction infra seems like a solution here Chain abstraction is a UX w/o the manual processes required to… https://t.co/PI4YublKkw
🔵Top L2s By Total Value Locked Congratulations to @base for reaching #2 rank with an impressive TVL of nearly $8 billion. As one of the only two layer 2s experiencing growth while others are showing signs of decline in TVL, let's build the on-chain summer together, with Base☀️ https://t.co/dmSgxLncGw
BASE SURGES INTO TOP 3 LAYER 2 NETWORKS BY TVL According to DeFiLlama, the Ethereum L2 chain incubated at Coinbase has seen its TVL rise to $1.7B, marking a 20% increase since early May. This places Base as the third most valuable Layer 2 blockchain, behind Arbitrum with… https://t.co/wr2vDkrtgS
📜Rollups have emerged as a promising solution to scalability challenges faced by L1 blockchains like Ethereum, but current architectures often sacrifice security for increased throughput. ⚡️In our new proposal, "Forkless Rollups with Bitcoin Staking," we introduce a solution… https://t.co/ogWj4MxKIz
ICYMI a quick thread on recent @base progress: 1. consistently the most used L2 2. TVL crossing $8B 3. leading network on @uniswap and @aave 4. stablecoin payments exponentially growing 5. smart wallets starting to take off and we're only one week into onchain summer.