TechFlow news, on September 27, according to The Block, as of September 27, the total value locked (TVL) in Base, Coinbase's incubated Ethereum Layer 2 network, has surpassed $2 billion for the first time. Data from DeFiLlama shows that Base's TVL reached $2.08 billion, a 370% increase from approximately $430 million at the beginning of the year, making it the second-largest optimistic rollup by deposit volume after Arbitrum.
The decentralized exchange Aerodrome is the largest contributor to Base's TVL growth, with over $1 billion in deposits, followed by Uniswap with $220 million. Although Arbitrum leads in TVL, Base stands out among all optimistic rollups in user activity metrics such as active addresses and daily transaction volume.
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