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According to DeFi Llama data, Solana’s total value locked (TVL) dropped by 9.64% in the last month to $358.96 million, while Base’s TVL rose sharply to $397.32 million.

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Coinbase’s layer 2 network, Base, has seen its total value locked (TVL) grow to $397.32 million in just about a month and a half since its August launch. This now puts Base ahead of the Solana network, which has $358.96 million in TVL currently.In the last 30 days, Base has experienced a remarkable 97.21% increase in its TVL, as per DeFi Llama data. In contrast, Solana’s TVL has dropped by 9.64% during the same period.

Top 10 chains in terms of TVL. Source: DeFi Llama
Two projects native to Base have the largest portions of the network’s total value locked (TVL).

Aerodrome TVL since launch. Source: DeFi Llama
Friend.tech, which launched on August 11, allows users to tokenize their social networks by buying and selling “Keys.” In late August, it faced criticism for declining user activity and high fees, but it made a remarkable comeback in September.
According to DeFi Llama, Friend.tech’s total value locked (TVL) increased by a staggering 540% in the past month. Most of this growth occurred after a surge that began on September 9, coinciding with a significant increase in daily trading volume.
Further down the list, Base’s TVL is primarily attributed to multi-network DeFi platforms like Compound, Curve, and Uniswap.

Friend.tech TVL since launch. Source: DeFi Llama
Base achieved a new record in daily transactions, reaching 1.88 million on September 14, as reported by BaseScan. This number significantly surpassed competing chains like Optimism and Arbitrum, which together had nearly 880,000 transactions on the same day.

Base daily transactions. Source: Base ScanThe all-time high for Base’s daily transactions still stands, but it has since dropped to around 908,000 as of September 22.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Base #BaseChain #Solana

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Base Network had more daily transactions than Optimism and Arbitrum but still fell behind Polygon and Binance Smart Chain (BSC).

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Coinbase’s layer-2 network called Base achieved a new daily transaction record, surpassing its previous high since its launch in August, as reported by blockchain explorer BaseScan.

On September 14, Coinbase’s layer-2 blockchain, Base, reached a new high with 1.88 million transactions, surpassing its earlier record in August when it had 1.41 million transactions during its launch month. Base outperformed rival chains like Optimism and Arbitrum, which had a combined total of 878,000 transactions on the same day.

Daily transactions chart of layer-2 network Base. Source: BaseScan

However, Base Network still trails behind more prominent blockchains like Polygon and Binance Smart Chain (BSC). Polygon recorded 2.1 million transactions, while BSC had 3.1 million transactions on that particular day.

It’s worth noting that, unlike its previous record in August when Base had 136,000 daily active users alongside high transaction numbers, the layer-2 network had fewer users this time, with only around 86,000 daily active users on September 14, according to data from Dune Analytics.

Base officially started on August 9, offering users various functions such as bridging and swapping tokens, providing liquidity, minting NFTs, and more on its layer-2 network.

Since its launch, Base has been well-received by the cryptocurrency community. On September 6, more than 268,000 different wallets minted over 700,000 NFTs on the layer-2 network. In the first two weeks after its launch, over $242 million worth of cryptocurrency assets were transferred to the blockchain, and the network saw 130,000 unique wallets using it daily.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bitcoin #CryptoNews #cryptomarket #BaseNetwork #BaseChain