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 🤔? Over 90% of it’s holders are out of the money. Data: @intotheblock https://t.co/pUE0Xl54jD pic.twitter.com/YLUNb81ibv — champagne mami 💕 (@EkponoAkwaowo) October 15, 2024 A major driver of Base’s growth is Aerodrome, the dominant decentralized application (dApp) on
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