Base Loses $1.4 Billion in TVL Amid Growing Rift Over Vision, Culture, and Execution

Base, the Ethereum Layer-2 network incubated by Coinbase, has seen its total value locked (TVL) fall by $1. 4 billion in the past few weeks. The decline comes as public debate over the chain’s strategy and product direction intensifies. Base TVL Slides as Builders, Critics, & Coinbase Leadership Clash Over the Chain’s Direction Base TVL has dropped from about $5 source: https://beincrypto.com/base-tvl-decline-coinbase-strategy-2026/