BASE TVL HITS $4 BILLION AS TRANSACTIONS PER SECOND SURPASS ETHEREUM

Summary from the TLDR Crypto newsletter

Coinbase’s L2 continues to grow in popularity, becoming the third-largest Ethereum L2 by total value locked. It recorded an all-time high of over 36 transactions per second, with over 3 million transactions each day this weekend. Memecoins have been very popular on the L2, causing DEX daily volumes to surpass $1 billion last week.