Amid heightened activity across the crypto market, the Base network also experienced renewed momentum.<\/p>\n
Data from L2Beat revealed that Base\u2019s total value locked (TVL) surged by more than 5% over the last week, surpassing $10 billion for the first time, with Aerodome Finance leading the charge reflecting the meme coin trading dominance. Since September\u2019s brief decline below $6 billion, the network\u2019s TVL has grown by over 67% so far.<\/p>\n
The latest milestone has catapulted<\/a> Base to become the second Ethereum Layer 2 network with more than $10 billion TVL, following Arbitrum. Additionally, on November 24, Base achieved a record transaction speed, reaching 106.26 transactions per second (TPS).<\/p>\n Meanwhile, the total number of on-chain transactions on Base crossed<\/a> the 9 million mark this week. The Layer 2 has also witnessed growth in terms of weekly active addresses with figures nearing 6.6 million indicating growing user engagement and increasing adoption.<\/p>\n During these times of increased activity, blockchain networks typically witness growth in stablecoin market caps as well. On October 26, Base briefly became<\/a> the leading blockchain for stablecoin volume with more than 30% share, outpacing established giants like Solana, Ethereum, and Tron. However, a month later, the network saw a reversal, with the stablecoin supply within its ecosystem showing a notable decline.<\/p>\n As of November 23, Artemis Terminal data<\/a> places Base<\/a> as the third-largest blockchain for stablecoin volume, trailing Solana and Ethereum. Interestingly, this trend appears to have emerged post-election. Anagram partner David Alexander II observed<\/a> that Arbitrum recorded a 19% growth in total stablecoins on its network, whereas Base and Optimism saw reductions of 6.6% and 1%, respectively, since November 5th.<\/p>\n The post Base Layer 2 Network Surpasses $10 Billion TVL, Hits 106.26 TPS<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Amid heightened activity across the crypto market, the Base network also experienced renewed momentum. Data from L2Beat revealed that Base\u2019s total value locked (TVL) surged by more than 5% over the last week, surpassing $10 billion for the first time, with Aerodome Finance leading the charge reflecting the meme coin trading dominance. Since September\u2019s brief […]<\/p>\n","protected":false},"author":0,"featured_media":23454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23453"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23453"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23454"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}