Base chain, Coinbase’s Layer 2 chain hit two key milestones on Sunday, April 7.
Base total value locked is $1.298 billion on Sunday, a new record for the chain. On April 7, Base surpassed the Ethereum Layer 1 in transactions per second. Coinbase ’s Layer 2 chain has seen a surge in prices of meme coins on Sunday. The chain surpassed the Ethereum Layer 1 in terms of transactions per second and hit a new milestone in total value of cryptocurrencies locked on Base.
Base hits important milestones in TVL and meme coin gains According to data from DeFi tracker DeFiLlama, the total value of assets locked on Base has climbed to $1.298 billion, a record high. The increase in TVL shows that market participants are likely rotating capital to projects on the Base chain. Base TVL as seen on DeFiLlama Data from IntoTheBlock shows that the rising volume and demand for the chain has seen Base cross Ethereum Layer 1 in transactions per second.
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