According to Foresight News, data from L2BEAT shows that Base TVL has broken through the $1.7 billion mark, currently standing at $1.73 billion, with a 21.97% increase in the past seven days. Meanwhile, Ethereum TVL has rebounded to $37.58 billion, with a 5.07% decrease in the past week.
The significant growth in Base TVL indicates increased interest and investment in the platform, while Ethereum's TVL rebound suggests a recovery in its market position. Both developments highlight the dynamic nature of the cryptocurrency market and the ongoing competition between various platforms.