Ethereum-Backed TVL Outperforms StarkNet, Securing 146M Dollars in Achievements

The Total Value Locked (TVL) in Base has skyrocketed to an astounding $146 million, surpassing the once-leading StarkNet with its TVL of $112 million. These statistics have been presented by L2BEAT, a platform renowned for its insights into Ethereum’s layer-2 scaling solutions.

Ethereum-Backed TVL Outperforms StarkNet, Securing 146M Dollars in Achievements

What adds an extra layer of significance to this achievement is that Ethereum (ETH) contributes to around 87% of the total value locked (TVL) on Base. This substantial backing from the Ethereum ecosystem underscores the community’s unwavering confidence in the platform’s potential to bolster scalability and alleviate transaction expenses.

Amidst the remarkable ascent of Base TVL, it’s essential to gauge the transactional prowess of these platforms. Recent data unveils that Base achieves approximately 5.61 Transactions Per Second (TPS), positioning it marginally slower than other prominent layer-2 solutions. For instance, Optimism boasts 6.88 TPS, Arbitrum One showcases 7.07, and the zkSync Era leads the race with a remarkable 10.44 TPS.

The competition within the realm of layer-2 scaling is undoubtedly intensifying. Each solution is fervently striving to offer users the most seamless and efficient experience, while simultaneously tackling the critical issues of exorbitant fees and network congestion that have burdened the Ethereum network. This escalating competition is projected to stimulate further innovation and enhancements in the domain, yielding benefits for both developers and end-users.