Base Network Sees Substantial Increase in Total Value Locked

The swift expansion of Coinbase’s Layer 2 network and its climb to the top three Layer 2 networks by Total Value Locked (TVL) indicates the growing significance of Layer 2 networks within the Ethereum ecosystem. These platforms play a crucial role in relieving congestion on the primary Ethereum Blockchain, allowing for increased transaction capacity and improved efficiency in processing transactions. As the ecosystem evolves, the rivalry between optimistic rollups and zkRollups is expected to drive additional advancements in Blockchain scalability, fostering innovation and progress in the industry.