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Base Network Surpasses $10B TVL Amid Crypto Market Surge

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Base Network,Total Value Locked,TVL

The Base network has seen a significant increase in its total value locked (TVL), surpassing $10 billion for the first time, with a growth of over 67% since September. It achieved a record transaction speed of 106.26 transactions per second (TPS) and has witnessed an increase in weekly active addresses, nearing 6.6 million, indicating growing user engagement and adoption.

Amid heightened activity across the crypto market, the Base network also experienced renewed momentum.

Data from L2Beat revealed that Base’s total value locked surged by more than 5% over the last week, surpassing $10 billion for the first time, with Aerodome Finance leading the charge reflecting the meme coin trading dominance. Since September’s brief decline below $6 billion, the network’s TVL has grown by over 67% so far.Base to become the second Ethereum Layer 2 network with more than $10 billion TVL, following Arbitrum.

During these times of increased activity, blockchain networks typically witness growth in stablecoin market caps as well. On October 26, Base brieflythe leading blockchain for stablecoin volume with more than 30% share, outpacing established giants like Solana, Ethereum, and Tron. However, a month later, the network saw a reversal, with the stablecoin supply within its ecosystem showing a notable decline.as the third-largest blockchain for stablecoin volume, trailing Solana and Ethereum.

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