Base data insights: This year has generated 51.4 million USD in revenue, with a TVL exceeding 25 billion USD

Source: Cheeezzyyyy X Account

Author: Cheeezzyyyy

Compiled by: 深潮TechFlow

If you think that @base's Memecoin summer is the peak of its on-chain activities, you are mistaken.

The story is just beginning.

There have been significant changes in the L2 space, with Base briefly becoming the largest L2, surpassing @arbitrum for the first time.

Here are key insights from @artemis__xyz:

First, a significant turning point—@base ($2.5 billion) has for the first time surpassed @arbitrum ($2.4 billion) in TVL (Total Value Locked).

So far this year, only three L2s have seen significant growth in TVL:

1. @0xMantle Network: from $121 million to $424 million (+350%)

2. Base L2: from $445 million to $2.5 billion (+562%)

3. @LineaBuild L2: from $53 million to $460 million (+868%)

@base achieved the largest growth in average daily trading volume this year, reaching an all-time high of 6.1 million transactions.

This growth has surpassed the leading position of @0xPolygon PoS and is three times that of @arbitrum.

Undoubtedly, the increase in trading volume aligns with the average historical DEX trading volume described next.

Specifically, since the beginning of 2024, the trading volume on decentralized exchanges (DEX) on @base has increased by over 15 times.

This is the largest growth indicator so far, primarily driven by the impressive trading volume growth of @AerodromeFi.

For other L2s, the average trading volume seems to have changed little.

Not surprisingly, @AerodromeFi is experiencing:

1. Weekly trading volume reaching an all-time high (approximately $3.5 billion)

2. Total Value Locked (TVL) surpassing the $1 billion mark (approximately $1.4 billion)

The concentrated liquidity mechanism introduced by Slipstream further enhances capital efficiency and user trading experience. For more information, visit here.

Even in terms of Daily Active Addresses (DAA), @base performs exceptionally well.

DAA reflects the breadth of the user base, growing 13 times year-to-date, validating all the trends mentioned earlier.

Notably, since the third quarter of 2024, DAA for @0xPolygon L2 has significantly declined, while Arbitrum has remained stable.

Finally, the most striking metric is L2 revenue.

@base has been known for its high yields from sequencers, generating $51.4 million so far this year.

From the data, this is equivalent to:

• Twice the $24.7 million of @LineaBuild

• 2.88 times the $17.8 million of @arbitrum

It is expected to reach around $60 million by the end of the year.

This is not only a huge victory for @coinbase but also for @Optimism.

Because @base is an Optimium (L2) built through OP Stack, with a profit-sharing protocol.

This not only promotes the growth of the Superchain ecosystem but also expands more revenue sources.