Yo, crypto fam! You know what’s been making some serious noise in the crypto world lately? It’s the Base network! Just the other day, their total value locked (TVL) spiked by over 5%, hitting an all-time high of $10 billion! That’s huge!
Aerodome Finance is leading the way on Base, and guess what’s taking center stage? That’s right, meme coin trading! Since September, the network’s TVL has skyrocketed by more than 67%! Talk about impressive growth!
But that’s not all! Base has also been crushing it when it comes to transaction speed. On November 24, it reached an insane 106.26 transactions per second (TPS) and clocked in over 9 million on-chain transactions. Plus, the number of weekly active addresses has been on the rise, getting closer and closer to 6.6 million!
Hold onto your hats, because Base recently became the top blockchain for stablecoin volume on October 26, snagging a whopping 30% of the market! That’s some stiff competition for the likes of Solana, Ethereum, and Tron. But just a month later, the stablecoin supply within its ecosystem took a noticeable dip.
As of November 23, Artemis Terminal data shows that Base is now the third-largest blockchain for stablecoin volume, with Solana and Ethereum in the lead. This stablecoin market shift seems to have happened right after the recent elections. Anagram partner David Alexander II pointed out that Arbitrum saw a 19% growth in total stablecoins on its network, while Base and Optimism experienced reductions of 6.6% and 1%, respectively.
So, what’s next for the Base network? Only time will tell! In the meantime, check out these awesome offers:
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Stay tuned for more exciting news in the world of crypto, and happy trading!
<p>The post Base Network Surges in the Crypto World first appeared on CoinBuzzFeed.</p>
