LAYER 2 WARS HEAT UP AS COINBASE LAUNCHES BASE

Summary from the TLDR Crypto newsletter

This Forbes article discusses Coinbase’s launch of Base and how the competitive landscape of L2s is shaping up. Base offers faster and less inexpensive transactions than the base layer while maintaining full EVM compatibility. Since its launch, Base has already achieved a TVL ranking of fifth among Ethereum L2s, attracting over $200 million in value. With an explosion of activity between memecoins and now innovative apps like Friend Tech, it has also generated the most revenue of any L2 since its launch.