According to BlockBeats, as of May 29, the Optimism Network's total value locked (TVL) stands at $7.85 billion, marking a 0.43% decrease over the past week. In contrast, the Base Network's TVL has recently surged to $7.05 billion, showing a 7-day increase of 8.12%. The gap between the two networks' TVL has narrowed to just $800 million.
The Optimism Network, despite its recent decline, still holds a higher TVL than the Base Network. However, the Base Network's recent growth spurt has significantly reduced the difference between the two. The rapid rise in the Base Network's TVL indicates a growing interest and trust in the network from its users.
While the Optimism Network's TVL has seen a slight dip, it's important to note that fluctuations in TVL are common in the crypto market. The Base Network's significant increase, on the other hand, could be a sign of its growing popularity and potential. The narrowing gap between the two networks' TVL could lead to a shift in the balance of power in the future.