Base, which was publicly released in early August 2023, quickly rose to prominence. According to DeFiLlama, the total value locked (TVL) in Base has now reached $1.7 billion, growing by over 10% since the beginning of May. This growth has made Base the third largest Layer 2 blockchain in terms of TVL, trailing only Arbitrum ($3.81 billion) and Blast ($2.26 billion), surpassing OP.
Base Surpasses OP to Become the Third Largest Ethereum Layer 2