Base blockchain has seen a significant surge in its TVL, surpassing $4.9B, driven by growing DeFi activity and increased developer interest in its low fees and Coinbase-backed infrastructure.
Base blockchain uses Ethereum Layer 2 architecture, built on the Optimism stack. Its code structure includes smart contracts, rollup nodes, fraud proofs, and sequencers, aiming for scalability, low fees, and Ethereum compatibility.
@Base backed by Coinbase and offering low fees, has quickly become a top 3 Layer 2 with $5B TVL. Growth is driven by memecoins, DeFi apps like Uniswap, and airdrops. High TVL shows strong user trust, though some of it may be hype-driven or temporary.
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