The Base network is witnessing a surge of activity in the cryptocurrency market. According to L2Beat, the total value locked (TVL) of Base has increased by over 5% in the past week, surpassing the $10 billion mark for the first time, with Aerodome Finance leading due to the dominance of meme coin trading. Since September, the network's TVL has increased by over 67%.

Base has become the second Ethereum Layer 2 network to exceed $10 billion TVL, following Arbitrum. On November 24th, Base achieved a record transaction speed of 106.26 TPS. The number of on-chain transactions has exceeded 9 million, with nearly 6.6 million active weekly addresses, indicating increased user interaction and adoption. 🚀

However, Base's stablecoin market share has decreased, currently ranking third after Solana and Ethereum. 📉