{"id":22234,"date":"2024-06-07T20:00:35","date_gmt":"2024-06-07T17:00:35","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22234"},"modified":"2024-06-07T15:47:03","modified_gmt":"2024-06-07T12:47:03","slug":"coinbase-developed-project-surpasses-op-mainnet-to-become-largest-layer-2-network","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-developed-project-surpasses-op-mainnet-to-become-largest-layer-2-network\/","title":{"rendered":"Coinbase-Developed Project Surpasses OP Mainnet to Become Largest Layer 2 Network!"},"content":{"rendered":"

A Layer 2 Ethereum network developed by Coinbase<\/a>, Base, has surpassed OP Mainnet to become the largest Layer 2 network in the OP Stack-based ‘Superchain’.<\/p>\n

Base Surpasses OP Mainnet to Become Largest OP Stack-Based Layer 2 Network<\/strong><\/p>\n

According to DeFiLlama data, the network’s total value locked (TVL) has increased by 20% since the beginning of May to $1.7 billion.<\/p>\n

Launched to the public in early August 2023, Base’s mainnet positioned itself as the third most valuable Layer 2 blockchain in terms of TVL, trailing Arbitrum’s $3.81 billion and Blast’s $2.26 billion.<\/p>\n

This significant milestone highlights Base’s rapid growth and increasing adoption among decentralized applications (dApps).<\/p>\n

The network’s prominence has been largely fueled by the decentralized exchange Aerodrome, which has contributed $714 million in deposits. Uniswap follows as the second-largest contributor with $312 million.<\/p>\n\n \n

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Backpack (BP) Brings Good News to Early Users<\/h5>\n\t\t\t\t\t\t\t\t\t\t
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What is Ant.FUN (ANB)?<\/h5>\n\t\t\t\t\t\t\t\t\t\t
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Strategy\u2019s Massive Bitcoin Purchase Moved the Market!<\/h5>\n\t\t\t\t\t\t\t\t\t\t
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Institutional investment activity continues to attract attention in the cryptocurrency market. One of the companies\t\t\t\t\t<\/p>\n\t\t\t\t\t \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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What is WandrLust (AFK)?<\/h5>\n\t\t\t\t\t\t\t\t\t\t
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WandrLust (AFK) is a Web3 project that aims to bring real-world physical activities together with\t\t\t\t\t<\/p>\n\t\t\t\t\t \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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Is Artificial Intelligence Data Centers a Threat to Bitcoin Mining?<\/h5>\n\t\t\t\t\t\t\t\t\t\t
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The rapid increase in investments directed toward artificial intelligence data centers has brought a new\t\t\t\t\t<\/p>\n\t\t\t\t\t \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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Michael Saylor Signals New Bitcoin Purchase<\/h5>\n\t\t\t\t\t\t\t\t\t\t
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Base Places Itself at the Forefront of the Superchain Ecosystem<\/strong><\/p>\n

These developments place Base at the forefront of the Superchain ecosystem, an interconnected Layer 2 rollup network built using the OP Stack software suite.<\/p>\n

This ecosystem aims to enhance Ethereum’s scalability and efficiency by executing transactions off-chain, thereby reducing the burden on the main Ethereum blockchain.<\/p>\n

Base Utilizes an Optimistic Rollup Model<\/strong><\/p>\n

Base, along with other optimistic rollups like Arbitrum, Blast, and OP Mainnet, operates by assuming all transactions are valid by default and only verifying them when fraud proof is presented.<\/p>\n

This approach contrasts with zero-knowledge rollups like zkSync, Loopring, and Scroll, which provide cryptographic proofs for transaction validity upfront.<\/p>\n

What Base’s Growth Means for the Ethereum Ecosystem<\/strong><\/p>\n

Base’s impressive growth and strategic integration within Superchain underscore its potential to drive further innovation and scalability within the Ethereum ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Layer 2 Ethereum network developed by Coinbase, Base, has surpassed OP Mainnet to become the largest Layer 2 network in the OP Stack-based ‘Superchain’. Base Surpasses OP Mainnet to Become Largest OP Stack-Based Layer 2 Network According to DeFiLlama data, the network’s total value locked (TVL) has increased by 20% since the beginning of<\/p>\n","protected":false},"author":1,"featured_media":3310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[965,151,93,105,196,6706,6704,3681,2032,6705,63],"class_list":["post-22234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-base","tag-coinbase","tag-defi","tag-ethereum","tag-layer-2","tag-loopring","tag-op-stack","tag-rollup","tag-scroll","tag-superchain","tag-zksync"],"yoast_head":"\nCoinbase-Developed Project Surpasses OP Mainnet to Become Largest Layer 2 Network! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"A Layer 2 Ethereum network developed by Coinbase, Base, has surpassed OP Mainnet to become the largest Layer 2 network in the OP Stack-based 'Superchain'.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-developed-project-surpasses-op-mainnet-to-become-largest-layer-2-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase-Developed Project Surpasses OP Mainnet to Become Largest Layer 2 Network! 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