Key Points

• Base on Ethereum Layer-2 surpassed $8 billion in total value locked, following its recent growth surge surpassing Optimism and becoming the second-largest Ethereum scaler.
• The TVL value is now at $8.05 billion, with $2.14 billion in Ethereum assets and $5.92 billion in locally minted assets.
• Base recorded 30.36 transactions per second last month, outperforming other Layer-2 networks.
• Despite a decline in profit to $6.98 million in May, Base remains a leader in on-chain profit generation.
• Significant profit came from memecoin activities, but also attracted scammers, leading to increased phishing scams.
• Ethereum Layer-2 scaling networks are forecasted to reach a total market value of $1 trillion by 2025.