{"id":11934,"date":"2024-03-25T12:22:19","date_gmt":"2024-03-25T10:22:19","guid":{"rendered":"https:\/\/forklog.com\/en\/bases-locked-asset-volume-surpasses-2-billion\/"},"modified":"2024-03-25T12:22:19","modified_gmt":"2024-03-25T10:22:19","slug":"bases-locked-asset-volume-surpasses-2-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bases-locked-asset-volume-surpasses-2-billion\/","title":{"rendered":"Base&#8217;s Locked Asset Volume Surpasses $2 Billion"},"content":{"rendered":"<p>The total value locked (TVL) in the Layer 2 solution Base has reached $2.29 billion, according to <a href=\"https:\/\/l2beat.com\/scaling\/projects\/base\">L2BEAT<\/a>. This figure includes the volume of USDC and several other assets issued on the network, totaling $1.27 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-967.webp\" alt=\"1-967\" class=\"wp-image-229135\"\/><figcaption class=\"wp-element-caption\">Data: L2BEAT.<\/figcaption><\/figure>\n<p>Since its launch, it took 203 days for the TVL to reach $1 billion and an additional 25 days to double that amount.<\/p>\n<p>The canonical TVL of Base, as reported by <a href=\"https:\/\/defillama.com\/chain\/Base\">DeFi Llama<\/a>, has grown to $887.7 million. This places the L2 network in the 10th position, trailing competitors such as Arbitrum ($3.25 billion), Blast ($1.06 billion), and Optimism ($977.1 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-748.webp\" alt=\"2-748\" class=\"wp-image-229136\"\/><figcaption class=\"wp-element-caption\">Data: DeFi Llama.<\/figcaption><\/figure>\n<p>The community has speculated on the potential for further growth in Base&#8217;s TVL, driven by a wave of meme coins that could divert interest from assets issued on Solana.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;ve recently witnessed one of the craziest meme season on Solana.<\/p>\n<p>Those who were early and savvy enough have earned thousands or even millions of dollars.<\/p>\n<p>Now, the attention slowly shifts to Base memes, and we can potentially see a crazy run there too. <a href=\"https:\/\/t.co\/QabqsLX4r4\">pic.twitter.com\/QabqsLX4r4<\/a><\/p>\n<p>\u2014 Xremlin (@0x_gremlin) <a href=\"https:\/\/twitter.com\/0x_gremlin\/status\/1770740026411758001?ref_src=twsrc%5Etfw\">March 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Solana had a crazy season. Thanks to meme coins, many earned thousands or even millions. But now the attention is slowly shifting to Base. Potentially, there could be a crazy run there too,&#8221;<\/em> commented user 0x_gremlin.<\/p>\n<\/blockquote>\n<p>Among the largest meme coins on Base are Degen (DEGEN) and Base God (TYBG). According to <a href=\"https:\/\/www.coingecko.com\/en\/categories\/meme-token\">CoinGecko<\/a>, the market capitalization of the former reached $200.8 million, while the latter stands at $73.4 million. These tokens rank 20th and 29th in their category, respectively. For comparison, the top three\u2014DOGE, SHIB, and PEPE\u2014have a capitalization ranging from $3.2 to $24.7 billion.<\/p>\n<p>The market capitalization of Solana ecosystem leader Dogwifhat (WIF) has grown to $2.8 billion, placing it fourth in the rankings. Following in market positions are Book of Memes (BOME) and Slerf (SLERF), holding the eighth and 13th spots with capitalizations of $749.6 million and $303.1 million, respectively.<\/p>\n<p>User wizardofsoho shared a similar forecast.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Solana is congested. You can\u2019t buy and sell memecoins. Cant even deploy memecoins properly. Everything gets sniped cuz you can\u2019t build anti sniped and anti whale into the contracts \u2026. <\/p>\n<p>Base fixes this. And it\u2019s the path to Coinbase entire community.<\/p>\n<p>I am still super long\u2026<\/p>\n<p>\u2014 Wizard Of SoHo (?,?) (@wizardofsoho) <a href=\"https:\/\/twitter.com\/wizardofsoho\/status\/1770434556765536684?ref_src=twsrc%5Etfw\">March 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Solana is congested. [\u2026] Base fixes the problem, and it\u2019s the path to all Coinbase users. [\u2026] There will be several meme coins on Base with billion-dollar capitalizations listed on the platform, accessible to all regular exchange clients,&#8221;<\/em> he wrote.<\/p>\n<\/blockquote>\n<p>Andrew Forte, Business Development Director at Dappd, highlighted Base&#8217;s positive metrics.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Coinbase has 100M registered users<\/p>\n<p>L2 Base is going to be based: <\/p>\n<p>A native smart wallet is being built<br \/>(trade on chain without any seed phrase or PW)<\/p>\n<p>$340M volume in 24 hours<\/p>\n<p>277K active addresses in 1 day<\/p>\n<p>2.57M active addresses in 24 days<\/p>\n<p>6.49M active addresses in 30 days <a href=\"https:\/\/t.co\/DwiMbPQ2ao\">pic.twitter.com\/DwiMbPQ2ao<\/a><\/p>\n<p>\u2014 Andrew Forte ? (@TheAndrewForte) <a href=\"https:\/\/twitter.com\/TheAndrewForte\/status\/1770431792538956255?ref_src=twsrc%5Etfw\">March 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to his data, the daily transaction volume reached $340 million, with 277,000 active addresses. Over the past 30 days, 6.49 million addresses interacted with the L2 solution.<\/p>\n<p>Forte noted Coinbase&#8217;s work on a wallet with account abstraction. This will allow the platform&#8217;s 100 million registered users to trade on Base without needing to remember seed phrases or private keys, he added.<\/p>\n<p>In March, Base experienced delays amid a surge in on-chain activity. The trend intensified following the activation of the Dencun update in Ethereum. After the hard fork launch, second-layer solution fees dropped from $0.7 (as of March 13) to a minimum of $0.001.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total value locked (TVL) in the Layer 2 solution Base has reached $2.29 billion, according to L2BEAT. This figure includes the volume of USDC and several other assets issued on the network, totaling $1.27 billion. Data: L2BEAT. Since its launch, it took 203 days for the TVL to reach $1 billion and an additional [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1321,138,1093,1161],"class_list":["post-11934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-base","tag-coinbase","tag-defi","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11934"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11933"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}