Coinbase's Layer 2 Base Crosses $2B TVL, Fueled by Meme Coins and Lower Fees

Coinbase's Layer 2 solution Base has surpassed $2 billion in Total Value Locked (TVL), up 43.61% in the past week.

Base's growth is attributed to parent company Coinbase's large user base and investments into the network's development.

Daily users, revenue, and transactions on Base spiked in March thanks to the growth of meme coins/airdrops and lower Ethereum post-merge fees.

Analysts recommend tracking meme coin volumes and holder counts to find opportunities; Toshi Base is an early leader.

New protocols launching on Base like bridges, DEXs, and lending platforms may airdrop tokens, presenting lucrative prospects.