Base Surpasses Arbitrum As Largest Ethereum Layer 2 By TVL, Driven By Aerodrome’s Dominance

Base, Ethereum’s Layer 2 solution backed by Coinbase, has overtaken Arbitrum to become the largest Ethereum Layer 2 by Total Value Locked (TVL).

This significant milestone underscores the growing influence of the Base ecosystem, which has been gaining traction thanks to the powerful support of Coinbase. Over 90% of Arbitrum holders, in contrast, remain out of the money.

What's going on with @arbitrum