Coinbase’s Ethereum Layer 2 network, Base, has fought its way back into the upper ranks of crypto projects sorted by daily revenue. The network, which launched in August 2023, is once again generating enough fee activity to compete with some of the most established protocols in decentralized finance.
The numbers behind the comeback
According to DeFiLlama, Base recorded approximately $180K in 24-hour revenue derived primarily from burned fees. That figure places it back among the top revenue-generating protocols tracked by the analytics platform, a tier typically dominated by stablecoin issuers and application-layer heavyweights.
Token Terminal paints an even rosier picture. Recent snapshots on that platform showed Base’s daily revenue figures reaching $3.1 million, with an 8.1% increase in the most recent measurement period. The discrepancy between the two data sources comes down to methodology: DeFiLlama focuses narrowly on burned fees, while Token Terminal captures a broader definition of protocol revenue including sequencer fees.
Base has historically ranked among the top Layer 2 networks for revenue, frequently outpacing peers like Arbitrum and Optimism.
