Truth Behind Base Networks 25% Surge in TVL
Tech Truth Behind Base Networks 25% Surge sa TVL 19 minuto ang nakalipas Balita ng Ethereum ng Bitcoin There have been reports recently claiming Base Networks total value locked (TVL) has surged by 25%. But is it actually the case? The community has been attentive to the developments in the Coinbases Base Network. The Layer 2 solution has ambitions of onboarding the next billion users to the Web3 ecosystem. Reason Behind Rapid Surge in Base TVL The screenshot below shows that the Base TVL has increased by 24.73%, and it currently around $555 million. However, this picture doesnt tell the complete story. Base TVL increased by 24.73%. Source: L2BEAT After the launch of the mainnet on Aug. 9, the USDC stablecoin remained unavailable natively for users. The bridged version, USDbC, enabled the bridging of USDC stablecoin from the Ethereum network to the Base network. Finally, on Sept. 5, Coinbase announced that natively minted USDC tokens would be available on the Base Network. Hence, the surge in the Base network TVL has been due to the re-minting of the native USDC stablecoin. The TVL breakdown shows that there was a 467.42% increase in the natively minted tokens on the Base Network. In fact, on Sept. 29, the TVL on the Base network dropped









