DeFillama data indicates that within 24 hours of the Coinbase layer2 network Base going public, there was more trading volume on the DEX than on existing layer1 networks Cardano and others.
DeFiLlama’s data shows that Base is among the 10 largest networks in terms of trading volume. The volume was $26.23million. The layer1 networks, such as Fantom (FTM), Cardano and Tron(TRX), saw less than 20 million transactions.
It should be noted that Base’s volume is miles behind Ethereum, Solana (SOL), and Binance-backed BNB Chain.
Base was already being used heavily through the BALD coin meme even before it’s public launch. The meme coin’s market cap peaked at over $85,000,000 before it crashed.
TVL surpasses $150M
L2Beat’s data also shows that the total value (TVL), or the total amount of assets on Base, exceeded $150 million over the same time period.
Data from L2Beat is a show that shows off the L2Beat. Base’s TVL currently sits at $155 million after rising by more than 77% over the past week, making it the fifth largest layer-2 network, ahead of StarkNet, and others.
Base saw an increase in TVLs, but also a…