Coinbase Base Dominates Solana: 111% TVL Surge Since August

Despite the regulatory uncertainties that Coinbase is currently navigating, its layer 2 blockchain, Base, is experiencing significant growth. Coinbase is making moves with its L2 Base, and the results are undeniable. Base is gaining traction, and transactions and addresses are spiking, signaling strong user adoption.

In a stunning turn of events, Coinbase L2 Base has surpassed Solana in Total Value Locked (TVL). According to data from DefiLlama, Base's TVL has surged dramatically since its launch in August.

The total value locked (TVL) on Coinbase’s layer-2 network Base has surged to $397.32 million. This 111% rise in TVL significantly outpaces Solana, whose TVL decreased 9.64% in the past month to $358.96 million (as of September 23, 2025). That figure now places Base ahead of Solana in terms of TVL.

According to statistics, Coinbase’s Layer two (L2) blockchain, built on Ethereum and using Optimism’s open-source OP Stack, has grown significantly in the past month. This explosive growth cements Base's position as a major player in the Layer 2 scaling landscape, and signals a potential shift in dominance within the DeFi space. The rapid increase in TVL showcases the growing confidence and adoption of Base, solidifying its position as a leading contender in the blockchain arena.