Base Surpasses Arbitrum in DeFi TVL Rankings

The total value locked (TVL) in the Base ecosystem’s protocols has exceeded $2.4 billion, slightly surpassing Arbitrum, according to DeFiLlama data.

The platform, which lacks a native token, has become the largest layer-two solution by TVL and ranks among the top five DeFi ecosystems, trailing only Ethereum, Tron, Solana, and BNB Chain.

Base hosts 361 platforms, while Arbitrum supports 639.

A significant portion of the TVL in the Coinbase-supported ecosystem is attributed to the non-custodial exchange Aerodrome, amounting to $1.34 billion.

Base has consistently shown high activity levels, significantly outpacing competitors in transaction volume and the number of active addresses.

“The rapid growth of Base underscores Coinbase and application developers’ commitment to a rollup-centric vision,” stated The Block researcher Eden Au.

In terms of decentralization, Base is still in its early stages—Stage 0, according to L2BEAT. However, fraud proofs are included in the roadmap and are already under development.

In September, Coinbase launched the wrapped bitcoin cbBTC on the Base and Ethereum blockchains and planned to release the tool on the Solana network.