Coinbase’s layer-2 network, Base, has achieved an important milestone by surpassing $1 billion in Total Value Locked (TVL), positioning itself as a major contender in the competitive blockchain landscape. TVL in the cryptocurrency sector quantifies the total worth of digital assets secured in a specific blockchain network and is a fundamental gauge of total activity and value in decentralized finance environments. The network’s rapid growth and popularity suggest that it could challenge Solana, known for its high transaction speeds and low fees. Base’s ascent to the $1 billion TVL mark reflects its growing traction and appeal among users and developers. Despite not offering unique features, Base has attracted attention for its robust security features, evident during the recent Munchables hack. Aerodrome, a decentralized exchange, has been a significant contributor to Base’s TVL surge, accounting for nearly half of its TVL and has emerged as a key player on the Base network. Since its public launch, Base has become the third most valuable Layer-2 blockchain, reaching $1.062 billion TVL, positioning itself as a leading network challenging established players in the blockchain space.