The Rise of BASE: Coinbase’s Layer 2 Solution Hits $2.2 Billion TVL 🚀
Hello crypto enthusiast! Did you know that Coinbase’s Layer 2 solution, Base, has recently surpassed $2.2 billion in Total Value Locked (TVL)? In just one week, Base saw a remarkable 43.61% increase in TVL. It took the Coinbase Base network nearly 203 days to reach $1 billion TVL and only 25 days to reach $2.2 billion. This surge can be attributed to the Ethereum Dencun upgrade, which went live on March 13.
Ethereum Upgrade Resulted in $2B TVL 🌐
Developers have historically favored Solana over Ethereum for launching meme tokens due to its lower fee structure, making trading easier and token presales more affordable. This preference for Solana-based meme tokens like Dogwifhat (WIF), Book of Meme (BOME), and Slerf (SLERF) soared in popularity.
- The launch of the recent Ethereum Dencun upgrade on March 13 significantly reduced gas fees on Ethereum Layer 2s, fulfilling its promise of a 10x reduction.
- Due to the decreased gas fees, developers and traders have been drawn back to Ethereum, the blockchain where the meme rush originated.
BASE – Next Meme Coin Wave 🌊
Base, Coinbase’s Layer 2 solution, has greatly benefitted from the reduction in fees following the Dencun upgrade. Since the upgrade, Base has seen a significant decrease in fees, leading to a surge in user interest.
- Toshi Base, in particular, has garnered attention for its strong community and being a pioneer in the meme token space.
Exciting Times Ahead for BASE Holders 🚀
If you’re a holder of BASE tokens or interested in the cryptocurrency space, these recent developments are certainly exciting:
- With a surge in TVL and growing user interest, BASE is well-positioned for further growth and adoption.
- The success of Base following the Ethereum Dencun upgrade showcases the potential of Layer 2 solutions in reducing fees and attracting users back to Ethereum.
Join the BASE Movement Today! 🌟
Whether you’re already a part of the Base community or looking to explore the world of meme tokens and Layer 2 solutions, now is a great time to get involved. Keep an eye on BASE for more exciting developments and opportunities in the crypto space!
Hot Take: BASE Rockets to $2.2 Billion TVL 🚀
As we witness Coinbase’s Layer 2 solution, Base, exceeding $2.2 billion in Total Value Locked, it’s clear that BASE is on a meteoric rise. With the recent surge in TVL and increased user interest, BASE is shaping up to be a key player in the meme token space. Stay tuned for more updates and opportunities as BASE continues its upward trajectory in the crypto world!
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