Base, the Ethereum layer-2 scaling solution developed by Coinbase, has experienced a significant increase in activity over the past two months, aiming to become a leading player in the Ethereum ecosystem. Recent data from IntoTheBlock indicates a substantial rise in transaction volume on Base, capturing 40% to 60% of the total volume, surpassing Optimism and Arbitrum. In the last 24 hours, Base has solidified its position as the leader in total value locked (TVL). Since its launch, Base has provided a secure, cost-effective platform for on-chain development, gaining traction in the crypto market. With a 68% surge in TVL since September, Base now competes closely with Arbitrum, reaching a new all-time high of $2.37 billion. The growth in active addresses and adoption rate further supports Base's upward trajectory, positioning it to potentially surpass Arbitrum in stablecoin market cap. Read more AI-generated news on: https://app.chaingpt.org/news

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