According to data from DeFiLlama, the Ethereum layer 2 network Base, developed by Coinbase, has become the top Rollup in terms of Total Value Locked (TVL), changing the previous dominance of Arbitrum.
Base currently has a TVL of $2.49 billion, distributed across 366 protocols, slightly surpassing Arbitrum’s $2.39 billion TVL. A significant portion of Base’s TVL comes from the decentralized exchange Aerodrome, which has a TVL of over $1.3 billion.
In addition, in terms of TVL, Base is currently among the top five blockchain networks, following only Ethereum, Tron, Solana, and BNB Chain as Layer 1 blockchains.
Base is an Optimistic rollup built using the OP Stack development stack. According to data from “The Block,” Base also leads in user activity, with approximately 1.5 million daily active addresses, the highest among all Optimistic Rollups. According to Jesse Pollak, the protocol lead for Base, the network maintains a throughput of 70 TPS (transactions per second).
In terms of decentralization, Base is still in its early stages. According to the L2 research platform L2BEAT, the network is in “stage 0” – relying entirely on sequencers, meaning the Rollup does not yet have a fraud-proof system, and users must rely on sequencers to submit accurate L1 state roots. The core developers of Base have committed to integrating a fraud-proof system into their roadmap, with relevant development work currently in progress.
Source: DeFiLlama