Base Network, a project incubated by Coinbase, is demonstrating steady growth, but its pace has moderated since the initial launch surge. Based on data by L2Beat at the time of publication, Base’s Total Value Locked (TVL) stands close to $735 million after recording a 4% increase in the last seven days.
Since its official launch in August 2023, Base Network’s TVL—a metric reflecting the total dollars held within the network—has surged from $592 million recorded at the end of November.
Also Read: Coinbase Base Platform TVL Shoots Past $500 Million, Details
TVL records a 4% increase in 7 days
Base Network operates on the Optimistic Rollup framework to cater to a broad range of decentralized applications. At the time of writing, the network’s daily transaction speed (TPS) stands at 3.45, with over 6.97 million transactions executed in the last 30 days.
Base’s total value bridged has also surpassed $600 million, a figure that represents the value of assets that have been tra
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