Memecoin pushed the TVL on the Base chain to double and exceed US$2 billion in just 25 days, and will compete with Solana for market share

Historical data shows that the total locked volume (TVL) of Base, the Ethereum second-tier network supported by Coinbase, reached US$1 billion only 226 days after its launch, but doubled to exceed US$2 billion in just 25 days. According to the latest data from L2Beat, the current Base TVL has reached 2.15 billion US dollars, continuing to reach a new high. Analysts believe that Memecoin has driven TVL growth and the next wave of adoption on the Base chain. After the Ethereum Dencun upgrade, Base recently set a record of 2 million transactions in a single day on March 16, and is likely to take over from Solana. Take market share. CoinGecko data shows that Degen (DEGEN) and Base God (TYBG) are currently the largest Base Memecoins, with market capitalizations of $143.4 million and $65.9 million respectively. (Cointelgraph)