Base’s Rise to the Top of Ethereum Rollups
Coinbase’s Layer 2 network, Base, has surpassed Arbitrum to become the largest Ethereum rollup by total value locked (TVL), with assets worth $2.49 billion. With deposits spread across 366 protocols, Base now ranks as one of the top five blockchains globally, following Ethereum, Tron, Solana, and BNB Chain.
Increased User Activity and Network Adjustments
Base has seen an increase in user activity, with around 1.5 million active addresses daily. To meet rising demand, Base recently raised its block gas target from 10 to 13 Mgas/s, a step toward gradually expanding transaction capacity. Eden Au, Research Director at The Block, noted that the platform’s growth is helping Coinbase fulfill Ethereum's rollup-centric vision.
Future Decentralization Plans
While still in early stages, Base is focused on enhancing its decentralization. Currently, the platform functions as a “stage 0 rollup” with centralized elements, but Base developers plan to integrate fraud-proof technology as part of its roadmap to ensure long-term security.
Source:
The Block
