Memecoin pushed the TVL on the Base chain to double and exceed US$2 billion in just 25 days, and will compete with Solana for market share

Historical data reported by Odaily Odaily shows that the total lock-up volume (TVL) of the Ethereum second-layer network Base supported by Coinbase did not reach 1 billion U.S. dollars 226 days after its launch, but it doubled to exceed 2 billion U.S. dollars in just 25 days. According to the latest data from L2Beat, the current Base TVL has reached US$2.15 billion, continuing to reach a new high. Analysts believe that Memecoin has driven TVL growth and the next wave of adoption on the Base chain. After the Ethereum Dencun upgrade, Base recently set a record of 2 million transactions in a single day on March 16, and is likely to take over from Solana. Take market share. CoinGecko data shows that Degen (DEGEN) and Base God (TYBG) are currently the largest Base Memecoins, with market values ​​of US$143.4 million and US$65.9 million respectively. (Cointelgraph)