Base Booms with $8B TVL!

Over the past few months, Base has also topped Ethereum layer-2 leaderboards in transaction count and profitability.

Author

Danielle du Toit
June 10, 2024

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Here's what we've got for you today:

  • Base TVL Surges to $8B Just Days After Overtaking OP Mainnet

  • Wintermute CEO Challenges Ethereum Leaders on Economic Direction

  • ‘Roaring Kitty’ Keith Gill’s Influence May Extend Beyond Meme Stocks to ETFs

  • Michael Saylor Hails Satoshi Nakamoto’s Revolutionary Impact on Finance

L2Beat data shows that Base’s TVL as of Jun. 10 is $8.05 billion.

  • The Base blockchain surpassed OP Mainnet as the largest chain in the Superchain ecosystem last week and is now the second-largest Ethereum scaler in TVL.

  • It also leads all Ethereum layer 2s in transactions per second over the last month, surpassing Arbitrum One. Base processed 64.86 million transactions over the last 30 days.

  • Additionally, Base achieved the highest on-chain profits over the last three months, including a record $16.9 million in March.

❓️ Wintermute CEO Challenges Ethereum Leaders on Economic Direction

Vitalik Buterin is facing criticism from Evgeny Gaevoy, who argues that Ethereum has to choose between capitalism and socialism.

  • According to Evgeny Gaevoy, the CEO of Wintermute, Ethereum's leaders need to choose between supporting a capitalist or socialist economic system, but cannot support both.

  • His comments followed remarks from Ethereum co-founder Vitalik Buterin and Uniswap founder Hayden Adams about the rise of celebrity meme coins.

  • Gaevoy criticized Buterin, Adams, and others for trying to "solve capitalism" by suggesting that blockchain products should have socially worthy goals. However, he argues that blockchain technology inherently supports purely capitalist, incentive-based systems.

Keith Gill AKA “Roaring Kitty” is being encouraged to launch a meme-themed ETF.

  • Keith Gill is considered the ideal candidate to launch an ETF based on meme cryptos or meme stocks, according to Nate Geraci, President of the ETF Store.

  • The fact that Gill actively manages meme stocks, has strong marketing skills, and commands a large audience through his live streams certainly counts in his favor.

  • Geraci believes Gill's popularity and media coverage could allow him to charge premium fees and makes him well-suited to be an ETF issuer in the United States.

Saylor stated in an X post that “Satoshi started a fire in cyberspace.”

  • Bitcoin has had a massive impact on the financial world and started a global movement towards decentralized finance and changing perceptions of money, value, and economic systems.

  • Satoshi Nakamoto, the mysterious pseudonym behind Bitcoin, released the Bitcoin whitepaper in 2008 that introduced a decentralized, peer-to-peer electronic cash system independent of central authorities.

  • Michael Saylor's recent tribute to Nakamoto places a spotlight on Bitcoin's legacy, survival, and growth.

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