■ Base Chain's total value locked (TVL) soared to $1.298 billion on bitcoin mining machineSunday, marking a new all-time high for the network.
■ On April 7, Base Chain surpassed Ethereum Layer 1 in transactions per second, processing 36 tps compared to Ethereum's 14 tps.
Base Chain, the Layer 2 solution developed by Coinbase, has been making waves in the cryptocurrency space with two major achievements on April 7. The network not only set a new record for total value locked but also demonstrated superior transaction throughput compared to Ethereum's mainnet.
As Bitcoin maintains its position near the $70,000 mark, attention has shifted to the vibrant ecosystem developing on Base Chain. The platform has become a hotspot for meme coin activity, with several tokens delivering impressive returns to investors within short timeframes.
Record-Breaking TVL and Transaction Volume
Data from DeFiLlama reveals that Base Chain's TVL reached an unprecedented $1.298 billion, signaling growing confidence among market participants. This milestone suggests that investors are increasingly allocating capital to projects built on Base Chain, recognizing its potential as a scalable alternative to Ethereum.
The network's technical capabilities were further highlighted by analytics from IntoTheBlock, showing Base Chain processing 36 transactions per second compared to Ethereum's 14. This performance advantage underscores the efficiency gains offered by Layer 2 solutions in handling increased network activity.
Meme Coin Mania on Base Chain
Sunday's trading session witnessed remarkable price movements among Base Chain's meme coin offerings. Tokens like Brett (BRETT), Toshi (TOSHI), and Normie (NORMIE) led the charge with substantial gains, reflecting the speculative interest surrounding these assets.
This meme coin rally coincides with broader market optimism and demonstrates how Base Chain is emerging as a preferred platform for experimental crypto projects. The combination of low transaction costs and high throughput appears to be attracting both developers and traders to this growing ecosystem.
As the cryptocurrency landscape continues to evolve, Base Chain's recent achievements position it as a network worth watching. Its ability to combine technical performance with vibrant community activity suggests potential for further growth in both decentralized finance and the broader crypto space.
