The Base narrative prevails, TVL, and volume soar ahead of S=smart wallet launch
Coinbase’s Ethereum layer 2 blockchain, Base, has displayed resounding strength recently. However, a mix of on-chain metrics, upcoming ecosystem developments, and analysts’ opinions indicate that the meta may only just be starting.Most importantly, Base’s network usage is thriving. For instance, DeFiLlama data shows its 24-hour trading volume currently exceeds $250 million. In comparison, the figure was just $25 million at the end of January.Meanwhile, its total value locked (TVL) is nearing its ATH, currently at $1.5 billion. This has also exploded, with the figure sitting at $391 million on January 31.
These on-chain metrics undoubtedly reflect a growing…


