Base has what other L2s don’t: a culture

Coinbase may be pulling off a move that runs opposite to crypto’s holiest cypherpunk ideals: fostering an unironic vibe around Base, its corporate-powered L2.

No matter how you look at it, Base is popping off. The rollup network, built on the OP Stack, is posting all-time high transaction counts, stablecoin volumes and unique addresses.

The rising popularity of its native AMM, Aerodrome, has helped push Base’s total value locked to $2.57 billion — more than double Polygon and Avalanche.

It took years for those other networks to attract all that liquidity and mindshare. Base has done it in under eight months. And while Base still has only…

Read more on Blockworks