Base Network Surpasses OP Mainnet in Total Value Locked (TVL) as Decentralized Applications (dapps) Thrive

• Base, a Layer 2 Ethereum network, ranks third in TVL with $1.7B locked.
• Base surpassed OP Mainnet to become the largest chain on Superchain.
• Aerodrome and Uniswap contribute to Base's TVL surge.
• Optimistic rollups like Base reduce Ethereum main chain load.
• Optimistic rollups assume transactions are valid by default.
• Zero-knowledge rollups provide cryptographic proofs for transaction validity upfront.

Summary :

Base, a Layer 2 Ethereum network incubated at Coinbase, has seen a significant increase in total value locked (TVL) within its decentralized applications (dapps). According to DeFiLlama data, the TVL in the Base network now stands at $1.7 billion, marking a 20% surge since the beginning of May. Since its launch in early August 2023, Base has become the third most valuable Layer 2 blockchain in terms of TVL, surpassing OP Mainnet. It currently trails behind Arbitrum and Blast, with $3.81 billion and $2.26 billion in value locked, respectively. Base's rise in TVL can be attributed to contributions from decentralized exchange Aerodrome, which has deposited $714 million, and Uniswap, with $312 million in deposits. These top Layer 2 chains, including Arbitrum, Blast, Base, and OP Mainnet, are optimistic rollups that execute transactions off-chain and only periodically post transaction data on-chain. This approach reduces the load on the main Ethereum chain, enabling it to handle higher throughput. Optimistic rollups assume all transactions are valid by default and only perform computation to verify transactions if a fraud proof is submitted. In contrast, zero-knowledge rollups like zkSync, Linea, and Scroll provide cryptographic proofs for transaction validity upfront.

Sources :

- TheBlock