- Base has become the largest rollup chain, with a total value locked (TVL) of $2.49 billion, surpassing Arbitrum’s $2.39 billion
- The decentralized exchange Aerodrome is a significant contributor, accounting for over $1.3 billion of Base’s TVL
- Base operates using optimistic rollups, enhancing efficiency and reducing costs on the Ethereum network
The Layer-2 blockchain developed by Coinbase on Ethereum, Base, has become the largest rollup chain by total value locked. Base has a TVL of $2.49 billion across 366 protocols, marginally more than the $2.39 billion in TVL belonging to Arbitrum, data from DeFiLlama shows.
Almost half of the TVL on Base belongs to the decentralized exchange (DEX) Aerodrome, with over $1.3 billion in deposits.
Base vs Arbitrum
Currently, Base is one of the top 5 blockchain networks in terms of TVL, standing right after Layer-1 blockchains like Ethereum, Tron, Solana, and the BNB Chain.
How? Base utilizes optimistic rollups, so it bundles transactions off the main Ethereum blockchain, sends them in batches, and hopes they will be valid unless proven otherwise. This relieves the load on and the costs of the main network.
Base uses the OP Stack, devised by Optimism—a framework that makes it easier to create and operate optimistic rollups on Ethereum.
Conclusions
In the end, Base has grown sharply. Having won a leadership position in the rollup sector, it boasts a significant amount of TVL.
Powered by optimistic rollups and supported by projects like Aerodrome, Base is gradually positioning itself as one of the most promising blockchain networks that help to redefine the boundaries of efficiency and accessibility in Ethereum transactions.
Further expansion may well influence the future of both DeFi in particular and the blockchain ecosystem in general.
