PANews reported on November 26 that according to Cointelegraph, Ethereum Layer2 network Base has just set a record of 106 TPS, further surpassing Taiko to become the fastest Ethereum Layer2 solution, and its total locked value (TVL) recently exceeded $10 billion. This marks that Base's TPS has increased by nearly 28% since November 23. According to Base founder Jesse Pollak, in January alone, Base's average TPS was only 4.

L2BEAT data shows that Base's TVL value has also increased to $10.68 billion after breaking the $10 billion mark on November 15, becoming the second largest Ethereum Layer2 in terms of TVL value, second only to Arbitrum One's $18.3 billion, after Arbitrum One surpassed OP Mainnet in June to take second place. L2BEAT said that this brings the total locked value of Ethereum Layer2 solutions to $49.3 billion.