Coinbase's layer-2 solution, Base, has achieved a significant milestone by surpassing $8 billion in total value locked (TVL), overtaking Optimism (CRYPTO:OP) in the Ethereum (CRYPTO:ETH) scaling competition.

With an impressive growth trajectory since its launch in August, Base leads in transactions per second (tps), averaging 30.36 tps, and on-chain profits among Ethereum layer-2 solutions.

However, its rapid rise also comes with challenges, particularly concerning security issues amidst the increasing complexity of smart contracts and evolving regulatory landscape.

Despite these challenges, Base's dominance in TVL and transaction throughput solidifies its position as a key player in the blockchain ecosystem.