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Base chain, an ethereum layer 2, overtakes cardano in TVL only 2 weeks after official launch

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by COINS NEWS 168 Views

Base is an ethereum layer 2 launched by the Coinbase team using the optimism tech stack with a purpose of making it developer friendly. The official launch was August 9, and 2 weeks after official launch base total value locked surpasses Cardano. Daily users on base is also at least 5x those on cardano considering the fact that one app alone (friend tech) has 40k new users daily.

TVL and daily users are the most important factors when analyzing a chains usage and popularity. Base has also overtaken optimism in total daily transactions which is an impressive feat for a new chain. Bases initial growth spike is due to many projects choosing to launch on base chain rather than other layer 2s.

The layer2 wars are in full swing, who do you think will come out as the main victors?

Defillama chain information - https://imgur.com/a/PDT5GtN

submitted by /u/NaturephilicReaction
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