Base set a record of 106 TPS, and its TVL exceeded 10 billion US dollars

According to reports, Ethereum's Layer2 network Base just set a record of 106 TPS, further surpassing Taiko to become the fastest Ethereum Layer2 solution. Its total locked value (TVL) recently exceeded $10 billion. This marks an increase of nearly 28% in Base's TPS since November 23rd. According to Base founder Jesse Pollak, the average TPS for Base was only 4 in January.

Data from L2BEAT shows that after breaking through the $10 billion mark on November 15th, Base's TVL has increased to $10.68 billion, making it the second largest Ethereum Layer2 by TVL value, second only to Arbitrum One's $18.3 billion. Previously in June, Arbitrum One surpassed OP Mainnet to take second place. L2BEAT stated that this brings the total locked value of Ethereum Layer2 solutions up to $49.3 billion.