Memecoin has doubled the TVL on the Base chain to over 2 billion US dollars in just 25 days, competing with Solana for market share
Historical data shows that the total value locked (TVL) of Ethereum's second-layer network, Base, supported by Coinbase, reached $1 billion 226 days after its launch but doubled to $2 billion in just 25 days. According to the latest data from L2Beat, the current Base TVL has reached $2.15 billion, setting a new record.
Analysts believe that Memecoin has driven the growth of Base chain's TVL and the next wave of adoption. After Ethereum's Dencun upgrade, Base recently set a record for 2 million transactions in a single day on March 16th and is likely to take market share from Solana. Data shows that currently Degen (DEGEN) and Base God (TYBG) are the largest Base Memecoins with market values of $143.4 million and $65.9 million respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South Korea’s current account surplus in September exceeded 60 billions USD for the first time, with semiconductor exports becoming the main driver
Driven by booming semiconductor exports, South Korea's current account surplus in September surged to a record high.
CoreWeave (CRWV.US) bonds hit a new low as changes in Texas data center policies impact AI cloud trading
CoreWeave (CRWV.US) bonds fell sharply on Wednesday, with some dropping to new lows.
AstraZeneca (AZN.US) reportedly receives a $10 billion acquisition offer! Shares of obesity drug developer Rhythm (RYTM.US) soar in response
According to three people familiar with the matter, AstraZeneca previously proposed to acquire obesity drug developer Rhythm Pharmaceuticals for approximately 10 billion dollars.
Goldman Sachs and Apollo in Talks to Sell 40 Billion-Dollar AI Chip Financing for SpaceX (SPCX.US), Market's Willingness to Take Over Faces Test
Goldman Sachs (GS.US) and Apollo Global Management (APO.US) are in talks with Wall Street investors to begin selling portions of a roughly $40 billion chip financing deal for SpaceX (SPCX.US).
Crypto prices
More
