Base TVL Soars to $8B, Surpasses OP Mainnet

Shiva Ganesh

Base's TVL surged to $8 billion just days after surpassing OP Mainnet, marking a significant milestone.

It now stands as the second-largest Ethereum scaler in TVL, only behind Arbitrum One's $18.27 billion.

Base leads all Ethereum layer 2s with 30.36 transactions per second over the last month, outperforming Arbitrum One.

It has been the most profitable Ethereum scaler for three consecutive months, with on-chain profits reaching a record $16.9 million in March.

Despite its success, Base's popularity with memecoins has attracted scammers, leading to an increase in funds stolen from phishing scams.