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Base Dominates Ethereum Layer 2 Profitability: TVL Skyrockets to $7.6 Billion

Ethereum Coinbase

Coinbase's Ethereum Layer 2 network, Base, outperformed competitors like Blast and Optimism, generating over $6 million in profits in May. Base's TVL increased significantly from $1.3 billion to $7.6 billion due to new implementations like EIP-4844 and proto-danksharding.

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