Crypto Currency Tracker - Crypto Prices - Live Prices & Charts | XCryptoTrack logo Crypto Currency Tracker - Crypto Prices - Live Prices & Charts | XCryptoTrack logo
CoinGape 2024-12-17 14:44:10

Base Outshines Arbitrum And Optimism In Ethereum L2 TVL War

In the fight for dominance in the Ethereum Layer 2 (L2) ecosystem, Coinbase Exchange-backed Base Network has outshined Arbitrum Network and Optimism. Having ranked as the biggest Ethereum L2s for a long time, Base’s growth underscores the shifting momentum in the broader crypto ecosystem. IntoTheBlock ranked Base as the biggest winner among Ethereum L2s this year. Base Network and the Sustained Ethereum L2 Rivalry As presented by IntoTheBlock, Arbitrum, and Optimism had higher Total Value Locked (TVL) than Base at the start of the year. Onchain data shows that Arbitrum had a TVL of $2.906 billion as of January. Conversely, Optimism’s TVL comes in at $799 million with Base registering just $393.17 million. As adoption grew on Base, the TVL saw a dramatic surge over the course of the year. By late March, Base Network flipped Optimism per TVL. The sustained adoption of Base, fueled by the emergence of memecoin culture on the platform also helped it flip Arbitrum in late September. Base was the big L2 winner of the year, surpassing competing chains like Arbitrum and Optimism on TVL, active users, transactions and transaction volume https://t.co/7K38CEsn33 pic.twitter.com/tJvcACRkLz — IntoTheBlock (@intotheblock) December 17, 2024 While Base’s TVL has maintained an upward growth trajectory to date, Optimism and Arbitrum’s has remained relatively flat. Current data from DeFiLlama shows that Base now boast of $4.321 billion in Total Value Locked. On the contrary, Arbitrum and Optimism’s TVLs are now pegged at $3.861 billion and $843 million respectively. Beyond the memecoin boom, institutions like Franklin Templeton also have tokenized funds hosted on Base, drawing from its low cost and faster speed. The Future of Ethereum The Ethereum protocol is evolving at a very fast pace with different upgrades coming up on the mainnet. Earlier in the year, the protocol activated more use cases for Ethereum L2 chains through the Dencun Upgrade. This network enhancement significantly reduced transaction costs making the Base protocol more attractive. Additional enhancements like the incoming Pectra Upgrade is also bound to boost the network’s stability and scalability. This will further fuel the utilities of Ethereum L2 protocols like Base. The Coinbase-backed protocol is already riding this wave with AI agents, the new blockchain sensation proliferating on the platform. The post Base Outshines Arbitrum And Optimism In Ethereum L2 TVL War appeared first on CoinGape .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

alsancak escort

izmir escort

escort

takipçi satın al

istanbul oto kaplama

istanbul ppf kaplama

istanbul araç kaplama

istanbul araba kaplama

istanbul kaplama

takipçi hilesi ücretsiz

beğeni hilesi şifresiz

beğeni hilesi şifresiz

beğeni hilesi şifresiz

izlenme satın al

izlenme satın al

düşmeyen takipçi

yorum satın al

garantili takipçi

çekiliş takipçi

takipçi

tiktok beğeni

beğeni

bornova escort

Mass Ping

instagram takipçi satın al

tiktok takipçi satın al

en iyi takipçi satın alma sitesi

takipçi satın al

izmir escort obio.link muzikindirdinle.com izlexl.com downloadbu.com xcryptotrack.com scriptsnulled.net

Adana Escort Adıyaman Escort Afyonkarahisar Escort Ağrı Escort Aksaray Escort Amasya Escort Ankara Escort Antalya Escort Ardahan Escort Artvin Escort Aydın Escort Balıkesir Escort Bartın Escort Batman Escort Bayburt Escort Bilecik Escort Bingöl Escort Bitlis Escort Bolu Escort Burdur Escort Bursa Escort Çanakkale Escort Çankırı Escort Çorum Escort Denizli Escort Diyarbakır Escort Düzce Escort Edirne Escort Elazığ Escort Erzincan Escort Erzurum Escort Eskişehir Escort Gaziantep Escort Giresun Escort Gümüşhane Escort Hakkari Escort Hatay Escort Iğdır Escort Isparta Escort İstanbul Escort İzmir Escort Kahramanmaraş Escort Karabük Escort Karaman Escort Kars Escort Kastamonu Escort Kayseri Escort Kırıkkale Escort Kırklareli Escort Kırşehir Escort Kilis Escort Kocaeli Escort Konya Escort Kütahya Escort Malatya Escort Manisa Escort Mardin Escort Mersin Escort Muğla Escort Muş Escort Nevşehir Escort Niğde Escort Ordu Escort Osmaniye Escort Rize Escort Sakarya Escort Samsun Escort Siirt Escort Sinop Escort Sivas Escort Şanlıurfa Escort Şırnak Escort Tekirdağ Escort Tokat Escort Trabzon Escort Tunceli Escort Uşak Escort Van Escort Yalova Escort Yozgat Escort Zonguldak Escort