Base just became the #1 Ethereum L2 by TVL — and it’s not even close.

TVL growth:

> 12 months ago: $3.9B

> Today: $8.4B (+115%)

Key insight:

45% of Base’s TVL is stablecoins.

That’s $3.8B in parked capital, mostly $USDC.

What’s driving growth?

1️⃣ https://t.co/TjPrjA2t0M added support for $ETH & $USDC on Base

2️⃣ Coinbase ecosystem advantage

- Top protocols: @MorphoLabs, @AerodromeFi, @Uniswap

93% of TVL from just 6 apps

3️⃣ Frictionless onboarding vs Ethereum mainnet

Why it matters?

Stablecoins = fuel for DeFi

The deeper the liquidity, the stronger the flywheel for lending, perps, and yield strategies.

Base isn’t just scaling Ethereum.

It’s becoming the stablecoin layer.