It took 203 days for Coinbase's Base network to notch $1 billion in total value locked but only 25 days to reach $2 billion.
Ethereum layer-2 network Base’s total value locked (TVL) has doubled in less than a month, reaching $2.13 billion, while commentators say it could become the next epicenter for memecoins.
Base notched $1 billion in TVL on Feb. 27, 226 days after its launch in August. However, the network managed to breach the $2 billion market just 25 days later on March 23, according to data from L2 Beat.
USD Coin (USDC) is the largest token by natively minted value at $600 million, while Ether (ETH) is the largest token by canonically bridged value at $798 million.
