Vitalik Buterin Praises Coinbase’s Base as a Layer 2 Benchmark
- Vitalik Buterin commended Ethereum’s Base network for its practical usability and security, highlighting it as a model for Layer Layer2 solutions.
- Base processes approximately 160 transactions per second, totaling nearly 360 million transactions in the last month.
- The total value locked (TVL) in Base has reached nearly $15 billion, making it the second-largest L2 network after Arbitrum’s $20 billion.
- Buterin noted that Base employs centralized mechanisms to enhance speed but does not control user funds, ensuring asset safety is linked to Ethereum’s infrastructure.
- L2Beat recognizes Base as one of only eight projects meeting Stage Layer2 criteria, reinforcing its non-custodial status.
Buterin’s endorsement highlights the importance of security and usability in Layer2 solutions like Base, which combines features that protect user assets while enhancing transaction efficiency.
With a TVL nearing $15 billion and significant transaction activity, Base is solidifying its position as a leading player in the Layer2 space alongside Arbitrum. (Source)
