Base data insights: This year has generated 51.4 million USD in revenue, with a TVL exceeding 25 billion USD
Base achieved the largest growth in average daily trading volume this year, reaching a historical high of 6.1 million transactions.
Source: Cheeezzyyyy X Account
Author: Cheeezzyyyy
Compiled by: 深潮TechFlow
If you think that @base 's Memecoin summer is the peak of its on-chain activities, you are mistaken.
The story is just beginning.
There have been significant changes in the L2 space, with Base briefly becoming the largest L2, surpassing @arbitrum for the first time.
Here are key insights from @artemis__xyz :
First, a significant turning point— @base ($2.5 billion) has for the first time surpassed @arbitrum ($2.4 billion) in TVL (Total Value Locked).
So far this year, only three L2s have seen significant growth in TVL:
@0xMantle Network: from $121 million to $424 million (+350%)
Base L2: from $445 million to $2.5 billion (+562%)
@LineaBuild L2: from $53 million to $460 million (+868%)
@base achieved the largest growth in average daily trading volume this year, reaching an all-time high of 6.1 million transactions.
This growth has surpassed the leading position of @0xPolygon PoS and is three times that of @arbitrum .
Undoubtedly, the increase in trading volume aligns with the average historical DEX trading volume described next.
Specifically, since the beginning of 2024, the trading volume on decentralized exchanges (DEX) on @base has increased by over 15 times.
This is the largest growth indicator so far, primarily driven by the impressive trading volume growth of @AerodromeFi .
For other L2s, the average trading volume seems to have changed little.
Not surprisingly, @AerodromeFi is experiencing:
Weekly trading volume reaching an all-time high (approximately $3.5 billion)
Total Value Locked (TVL) surpassing the $1 billion mark (approximately $1.4 billion)
The concentrated liquidity mechanism introduced by Slipstream further enhances capital efficiency and user trading experience. For more information, visit here .
Even in terms of Daily Active Addresses (DAA), @base performs exceptionally well.
DAA reflects the breadth of the user base, growing 13 times year-to-date, validating all the trends mentioned earlier.
Notably, since the third quarter of 2024, DAA for @0xPolygon L2 has significantly declined, while Arbitrum has remained stable.
Finally, the most striking metric is L2 revenue.
@base has been known for its high yields from sequencers, generating $51.4 million so far this year.
From the data, this is equivalent to:
Twice the $24.7 million of @LineaBuild
2.88 times the $17.8 million of @arbitrum
It is expected to reach around $60 million by the end of the year.
This is not only a huge victory for @coinbase but also for @Optimism .
Because @base is an Optimium (L2) built through OP Stack, with a profit-sharing protocol.
This not only promotes the growth of the Superchain ecosystem but also expands more revenue sources.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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