News Explorer — Base Onchain Assets Surpass Solana as Friend.tech, DeFi Activity Surge

Sep 19, 12:54 pm

Base Onchain Assets Surpass Solana as Friend.tech, DeFi Activity Surge

Base, a blockchain incubated by Coinbase, has surpassed Solana to become the ninth-largest blockchain by total value locked (TVL). With over $370 million in deposits, Base has become the third-largest Ethereum layer-2 protocol in terms of bridged value and the most active network compared to Ethereum and other layer-2 networks. The growth of Base can be attributed to increased activity on the Web3 social media platform Friend.tech and the addition of reputable DeFi applications to the blockchain.