Base Network’s Daily Trading Volume Surges by 51% to Reach New High

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Coinspeaker
Base Network’s Daily Trading Volume Surges by 51% to Reach New High
Base, a layer 2 scaling solution based on the Ethereum ecosystem, has experienced massive growth, with activities on the platform surging to new heights. According to data from the decentralized finance (DeFi) aggregator DefiLlama, daily activities on Base soared 51% to reach $356 million within 24 hours.
The protocol’s total value lock (TVL) was not left behind. The Coinbase-backed network achieved a new milestone with a TVL of $770.65 million at press time. Last year in December, its TVL stood close to $735 million.
Activities on Base Soars Following Dencun Upgrade
Base’s growth has been positive since its entrance into the crypto market in August 2023. On Wednesday, the network recorded daily transactions of around 1.65 million.
That same day, the blockchain analytics platform Dune revealed that nearly 130,000 new users were registered on the protocol.
Earlier this month, the Base netw

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