Base Network Surpasses Solana in Net Cash Flow: Ethereum Ecosystem Thrives

The post Base Network Surpasses Solana in Net Cash Flow: Ethereum Ecosystem Thrives appeared first on Coinpedia Fintech News

The Ethereum (ETH) network has remained the undisputed web3 leader, with over $69 billion in total value locked (TVL) and more than $103 billion in stablecoins market cap, majorly due to the significant development of its layer-two (L2) scaling solutions. Moreover, the Solana (SOL), and Tron (TRX) networks have threatened the Ethereum ecosystem with heightened daily active addresses of about 5.9 million and 2.3 million respectively.

According to Ethereum co-founder Vitalik Buterin, the development of the L2 scaling solutions is crucial in ensuring the blockchain trilemma, which entails scalability, security, and decentralization. Consequently, the Ethereum Foundation has set aside tens of millions of dollars to develop the next-generation layer two protocols that leverage the ZKEVMs.

The EF is investing tens of millions into zkVMs:https://t.co/XDaHyurNK9—zkRISC-V formal verificationhttps://t.co/ML0PUqliRb—Poseidon cryptanalysishttps://t.co/0Qns6MCIuu—L2beat for zkVMs, soon

DM me about contributing to zkVM public goods