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News Explorer — Coinbase's Base Leads Ethereum Layer-2 Networks in Profitability

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Jun 4, 10:03 pm

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Coinbase's Base Leads Ethereum Layer-2 Networks in Profitability

Coinbase's layer-2 scaling network, Base, generated over $6 million in on-chain profits in May, making it the most profitable layer-2 network. The surge in profits was driven by an increase in total value locked (TVL) due to Ethereum's implementation of EIP-4844 and the Dencun upgrade. However, Base's monthly profits have declined since the spike in March.

Coinbase's layer-2 scaling network, Base, generated over $6 million in on-chain profits in May, making it the most profitable layer-2 network. The surge in profits was driven by an increase in total value locked (TVL) due to Ethereum's implementation of EIP-4844 and the Dencun upgrade. However, Base's monthly profits have declined since the spike in March.

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