Base TVL surpasses $2b driven by meme coin popularity, Dencun upgrade

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Ethereum layer-2 community Base has doubled its complete worth locked to $2.13 billion in below a month due to the continuing meme coin frenzy.

The milestone was reached swiftly, with Base surpassing the $1 billion complete worth locked (TVL) mark on Feb. 27, 226 days after its launch in August, and crossing the $2 billion threshold simply 25 days later.

Information from DefiLlama point out that the speedy accumulation of TVL is a testomony to the community’s rising recognition and adoption throughout the crypto neighborhood.

The surge in Base’s TVL is believed to be considerably influenced by the rise of meme cash on its platform, mirroring a latest pattern that has benefited the Solana (SOL) community. Meme coins, digital property that usually begin as web jokes however can amass substantial market capitalization, are purported to be a driving drive behind the adoption and progress of the Base community.

Some neighborhood members observe a possible shift in curiosity from Solana to Base, significantly within the context of meme coin buying and selling actions.

Solana’s meme coin frenzy was highlighted by cash resembling Dogwifhat (WIF), which reached an all-time excessive market cap of $2.84 billion. Equally, E book of Meme (BOME) and Slerf (SLERF) achieved important market caps shortly after their launch on Solana.

On the Base community, meme cash like Degen (DEGEN), Normie (NORMIE), Chad (CHAD), and Brett (BRETT) are gaining traction, although market caps haven’t but reached the heights of Solana’s meme cash.

Including to the community’s enchantment, Coinbase, the crypto change behind Base, is creating a local smart contract pockets. The pockets goals to simplify the buying and selling expertise for Coinbase’s 100 million registered customers by eliminating the necessity to memorize seed phrases or personal keys, thereby probably accelerating the adoption and use of the Base community.

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