Base Emerges as Largest Layer 2 Network in Superchain Ecosystem, Surpassing Optimism

• Base surpasses Optimism in TVL, becoming largest Layer 2 network in Superchain.
• Base's TVL hits $8.05B, surpassing OP Mainnet, with $2.14B bridged value.
• Base is second-largest Ethereum scaler, trailing Arbitrum One's $18.27B TVL.
• Base leads in transactions per second at 30.36, processing 64.86M transactions in 30 days.
• Base cashes in most on-chain profits, with $16.9M in March and $6.98M in May.
• Base's popularity with memecoins attracts scammers, leading to increased phishing scams.

Summary :
Base has surpassed Optimism's OP Mainnet to become the largest Layer 2 network in the Superchain ecosystem. Its total value locked (TVL) has reached $8.05 billion, including assets bridged from Ethereum and natively minted assets. Base, supported by Coinbase, is now the second-largest Ethereum scaler in TVL, trailing Arbitrum One. It achieved the $1 billion TVL mark in February 2024 and has been experiencing significant growth since then. Base also leads all Ethereum Layer 2s in transactions per second, processing 64.86 million transactions over the last 30 days. The network has been profitable, with on-chain profits reaching a record $16.9 million in March. However, it also faced an increase in funds stolen from phishing scams. Analysts predict that Ethereum Layer 2 scaling networks could reach a combined $1 trillion market cap by 2023.

Sources :

- Bankless
- CoinTelegraph