Base TVL has broken through 2 billion US dollars for the first time, growing by 370% so far this year

The total value locked (TVL) in Ethereum's Layer 2 network, Base, has surpassed $2 billion for the first time, making it the second largest optimistic rollup in terms of deposits after Arbitrum.

Data from DeFiLlama shows that Base's TVL is $2.08 billion, up from about $430 million at the beginning of the year, a growth of 370% so far this year. The decentralized exchange Aerodrome has been the biggest contributor to Base's TVL growth over the past year with deposits exceeding $1 billion as of writing this article, followed by Uniswap ($220 million).

Although Arbitrum leads in terms of TVL, user activity on Base (including active addresses and daily transactions) still ranks among the top across all optimistic rollups.