The post Base Maintains Strong Lead Among Ethereum Layer 2s appeared on BitcoinEthereumNews.com.

Base emerged as the top Ethereum layer 2 network during the Q4 2024 rally especially in terms of volumes. Fast forward months later to the present and it is still holding down the top position even after the bumpy market conditions. The Ethereum ecosystem has maintained healthy activity even though it is abundantly clear that the tariff wars have negatively impacted the crypto market. Most of that activity has been taking place in the layer 2s and Base continues to reign as the top Ethereum layer 2 network in key areas. A recent Dune analytics deep dive of the Base network revealed that it generated the highest fee revenue among the layer 2 cohort. Its fees during the weekend surged to $570 million. It also took the lead in DEX activity with a 60% dominance. Source: X Base Volume and TVL Recap Base still secured the top Ethereum layer 2 ranking by volume according to Coingecko. Its volume in the last 24 hours clocked $755.48 million which was $108.25 million more than Arbitrum, the runner-up. Base also took poll position in terms of TVL which clocked in at $2.71 billion, gapping Arbitrum One by over $600 million. It is however worth noting that the TVL has been declining since December in dollar value. However, as far as token count is concerned, it has actually been enjoying a parabolic rally that peaked at 1.9 million ETH. Base TVL and Volume / source: DeFiLlama Looking at Base DEX volumes, there was a noteworthy cooling down observed since January, and it bottomed out at around 22 March. It has since then bounced back strong, signaling that market activity has been making a comeback in the last 2 weeks. The DEX volumes notably bounced back close to levels that the cryptocurrency achieved when the…

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Filed under: News - @ April 11, 2025 2:25 pm