Base, a Layer 2 scaling solution built on Ethereum, has rapidly emerged as the leading L2 network in terms of Total Value Locked (TVL), surpassing competitors like Arbitrum $ARB and Optimism $OP.

With a TVL exceeding $4 billion, Base has achieved this significant milestone without the need for an airdrop.

This rapid growth, from $2.43 billion in November to over $4 billion by mid-December, demonstrates Base's competitive advantage, likely driven by its strong connection to the vast user base of its parent company, Coinbase.