Ethereum

Arbitrum

Value

DeFi

Base

<ul class="wp-block-list">
 <li>Base surpasses Arbitrum in Total Value Locked, becoming the leading Layer 2 solution.</li>  
 <li>Increased user engagement signals strong confidence in Base's potential in decentralized finance.</li>  
 <li>The competition among Layer 2 networks intensifies as Base attracts a growing user base.</li> 
</ul>  
<p>In a surprising twist, <a href="https://cryptonewsland.com/coinbase-expands-digital-asset-portfolio-with-aleo-and-zetachain-listings/" rel="noopener noreferrer nofollow">Base, an Ethereum Layer 2</a>, incubated by Coinbase, has surpassed Arbitrum to become the top layer 2 solution based on Total Value Locked (TVL). According to experts, this surge highlights the growing popularity of Base and introduces competition among layer 2 networks.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/BaseHubHB/status/1845386172987736260
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</figure>  
<h2 class="wp-block-heading" id="h-what-is-total-value-locked">What is Total Value Locked?</h2>  
<p><a href="https://cryptonewsland.com/top-blockchains-by-total-value-locked-tvl-ethereums-dominance/" rel="noopener noreferrer nofollow">Total Value Locked</a> is as a critical metric in the DeFi landscape. This figure represents the total capital held within a specific protocol. A higher TVL indicates strong user confidence and investment.</p>  
<p>Base’s current TVL of $2.38 billion shows significant growth and engagement. An increase in TVL often signals that investors are recognizing the potential within a platform. In contrast, <a href="https://arbitrum.io/" rel="noopener noreferrer nofollow">Arbitrum</a>, once a leader, now holds a TVL of $2.344 billion.</p>  
<p>Arbitrum’s struggles to maintain its position highlight the fierce competition among layer 2 solutions. As Base rises, the platform captures a larger market share, attracting users who want to explore decentralized finance.</p>  
<h2 class="wp-block-heading" id="h-comparing-ecosystems-base-vs-arbitrum">Comparing Ecosystems: Base vs. Arbitrum</h2>  
<p>As of writing, the stablecoin market capitalization for Base stands at $3.757 billion. By comparison, Arbitrum's market cap of $4.426 billion remains notable, yet the gap is closing.</p>  
<p><a href="https://defillama.com/chain/Base" rel="noopener noreferrer nofollow">Base's active addresses</a> over the last 24 hours reached an impressive 1.57 million, far surpassing Arbitrum's 496,370 active addresses. This growing user base further emphasizes the upward trajectory of Base.</p>  
<p>The rapid increase in active addresses and TVL shows that a thriving community is rallying behind Base. Each new user boosts the network's vitality, creating a snowball effect of engagement.</p>  
<p>Base's rise as the top Layer 2 solution highlights its growing influence in DeFi. This shift has no doubt challenged the status quo so we should expect fierce competition between these 2 key players.</p>   
<p>The post <a href="https://cryptonewsland.com/base-dethrones-arbitrum-in-tvl/" rel="noopener noreferrer nofollow">Base Is the New King of Layer 2 After Surpassing Arbitrum in TVL</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Base Is the New King of Layer 2 After Surpassing Arbitrum in TVL

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