5 months ago
1 min read
Coinbase’s Base Network Achieves Consistent Growth, Reaching $734 Million in Total Value Locked
Despite a slowdown in the initial growth surge, Coinbase‘s Base Network, an initiative developed through its incubator, continues to make steady progress. According to L2Beat data, the Total Value Locked (TVL) in the Base Network has risen to nearly $734 million, a 4.63% increase from the previous week. The Base Network TVL has increased significantly since its formal launch in August 2023, starting at $592 million at the end of November. The initiative is built on the Optimistic Rollup architecture, which allows for the integration of various decentralized applications. With over 6.97 million transactions completed in the last 30 days,