Base, the Coinbase-backed Layer 2 network on Ethereum, has crossed a major milestone. According to DefiLlama data released on May 2, 2026, Base's bridged total value locked (TVL) exceeded $13.07 billion. Its DeFi TVL stands at $4.491 billion, with stablecoin market cap reaching $4.904 billion.
Base Breaks Records With $13B Bridged Liquidity Surge
DefiLlama reports $13.07B in bridged assets, signaling strong capital inflows. DEX volume hit $655.3M in 24 hours, while perps volume reached $154.28M. Active addresses near 400,282 indicate growing user engagement across applications on Base.
The network's fee generation and revenue metrics have improved steadily in recent months. Developer activity and DeFi integrations continue to expand. These data points position Base as a leading Ethereum Layer 2 solution, though competition remains stiff among other L2 networks.
Coinbase-Backed Base Builds DeFi Liquidity Engine
Base operates as an Ethereum scaling solution focused on lower fees and faster transactions. Its DeFi TVL of $4.491B and bridged assets of $13.07B highlight deepening liquidity. The stablecoin market cap above $4.9B adds depth to trading activity. DEX volume and perps volume reflect active decentralized finance usage.
Daily active addresses above 400,000 show sustained engagement. The network competes closely with other ETH L2 networks, but data indicates steady upward momentum. Bridged TVL serves as a key adoption indicator for market observers.
Traders Monitor On-Chain Activity and Capital Inflows
Market participants reacted positively to Base's rising TVL and activity metrics. On-chain growth supports expectations of stronger ecosystem usage. Bridged assets are seen as a signal of capital inflows; the $13.07B figure marks a significant adoption milestone.
Fee trends and user counts help analysts assess network health. Sentiment remains tied to continued growth in on-chain activity and liquidity expansion. Base's rapid growth reflects increasing demand for Ethereum L2 scaling solutions. Future performance will depend on sustained user participation and developer activity. DefiLlama data supports the ongoing positive momentum outlook.