In a crypto market heckled by geopolitical turbulence and regulatory volatility, certain protocols continue to trace their route with confidence. This is the basic case, the second layer solution launched by Coinbase, which is essential week after week as the most dynamic L2 Ethereum network in terms of volume, TVL, generated costs and stablecoin growth. At a time when the competition between Optimism and Arbitrum is raging, a base plays another partition: that of regularity and silent rise.
Volumes, TVL, costs: basic methodical domination
Since the end of 2024 rally, Base has consolidated Sa head position among the L2 networks of the Ethereum ecosystem. Even after months of less favorable market conditions, the protocol remains number one on key metrics. According to Cooring data,, Base has recorded $ 755 million in volume over 24 hoursor 108 million more than Arbitrum, its closest prosecutor.
On the TVL side, the gap is even more significant: $ 2.71 billion of total locked value For the basis of around $ 2.1 billion for Arbitrum One. Even if the TVL in Dollar value has been withdrawn since December, the number of ETH locked, so is skyrocketing, with a summit at 1.9 million ETH.
In terms of income, the trend is just as impressive. Between April 6 and 7, according to Dune Analytics, Base generated $ 570 million in transaction fees, ahead of Arbitrum ($ 500 million) and far ahead of other competitors.
Base and Arbitrum have seen an outbreak of income on the last weekend, notes Dune.
Base has reached $ 570 million in costs, the highest figure in the segment.
Base also dominates activity on Dex, with 60 % market sharewhich confirms its driving role in the Ethereum DEFI. Admittedly, we have observed a cooling of the volume Dex since January, with a hollow around March 22. But since then, the exchanges have started upwards, finding the levels of November-December, a period of intense activity on the crypto markets.
Transactions, stablecoin liquidity and adoption: the other pillars of supremacy
There basic power does not only be based on volume or TVL. Network utility indicators tell another story, just as decisive. The number of daily transactions, after a peak at 13 million in early January, stabilized around 7 million in early April. A fall back certainly, but a level still significantly higher than that before November 2024, proof that the network has won in the user base.
On the Stablecoins side, the trend is just as clear. In April 2023, Stablecoin capitalization on base reached $ 1.79 billion. A year later, it ranks $ 4.25 billion, or growth of 137 %. This stable level of liquidity is a strong index of confidence in the basic infrastructure to accommodate secure and rapid exchanges.
“” The growth of liquidity is a reflection of the capacity of a network to circulate value effectively“, Recall Dune analysts.
Finally, the basic increasing adoption by developers is a key factor in its domination. Each week, new protocols integrate the network, attracted by low costs and a higher execution speed. Characteristics which, in a context of congestion on Ethereum and rising costs on other L2, make basic an increasingly attractive alternative.
Conclusion ? Base does not play on the announcement effect or short -term speculation. Its strategy is based on solidity, organic growth and alignment with the real needs of users. In a market where the positions change quickly, Base is established as the discreet, but essential rock of Layer 2 Ethereum solutions.
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