The base, a layer-2 (L2) blockchain developed by the Coinbase, which is moved from a stage 0 to stage 1 rollup, which effectively reaches the arbitrum (ARB) as the largest Ethereum scaling solution.
The stages refers to a framework for the assessment of the L2 Rollups assessment, based on the milestones proposed by Ethereum co-founder Vitalik Blerin.
The base becomes the largest Ethereum L2, following arbitrum
L2Beat data shows arbitrum one is no longer the largest optimistic rollup in Ethereum. L2Beat is a website of analytics and research dedicated to the Ethereum layer-2 scaling.
After a $ 557 million TVL climbing (total amount locked), the base reached the arbitrum L2, with a margin of over $ 710 million in the total amount of -SELO (TVs).
Next to the arbitrum one, the base is matured from stage 0, where the rollup is fully controlled by its operators (full training tire).
This is a stage 1 rollup, featuring smart contract management. However, since a security council remains in place to handle potential bugs, this stage features “limited training tires.”
“It is proud that the base today is stage 1-and #1 of the TVs but still day. Time to bring the world to the chain,” write Base creator Jesse Pollak.
This comment aligned with Base's vision to expand the on-chain creator of the ecosystem, which promotes virality and creativity.
Meanwhile, with the base today in stages of 1 rollup, it has effectively escaped to the L2S Vitalik Butin Vitalik Bterin list to fail. In September, the butterin dropped a selected list of L2 networks to fail unless they were to go.
“Welcome to Full-Evm Stage 1 Gang Base,” Blerin said.
The Ethereum Executive said he would only recognize L2 networks reaching the stage 1+ period. Blerin defined his threshold for measuring various stages of L2S based on a scale of decentralization.
“Stage 1 (75%Threshold in Council To overlook the proof system, 26%+ of the council must be outside the rollup group) is a very reasonable moderate milestone. Explained.
This ultimatum aligns with Buterin's vision of promotion of cryptographic confidence. Recently, Baterin proposed a plan to measure Ethereum's L1 and L2 protocols in 2025.
Beincrypto reported that he mentioned the L2's alignment in the Ethereum ecosystem, such as burning of the fee, staking, and funding public goods.
While this is the first time the base has reached the arbitrum, this is not the first time it has challenged the market position. Suddenly, Base TVL exceeded $ 2 billion in September after 400% growth, found to be close to $ 2.6 billion TVL of Arbitrum.
The aerodrome remains the leading protocol at the base L2. It boasts up to $ 830 million on TVL, up to 5% last week. Other top base protocols include Morpho, Aave, and Uniswap.
As the base leads, it is impossible to forget the Achilles heel of the arbitrum. The network is still digging an 80% crash. The main interventions to recover include tokens buyback and the recently rejected bid of the NVIDIA accelerator program.
Beincrypto data shows the ARB's ARBB price increased by 2% in the last 24 hours. Like this writing, it trades $ 0.33.
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