Cointelegraph also reported earlier this month that Base hit a new peak in terms of daily transactions, hitting 1.88 million on Sept. 14, according to data from BaseScan.

That figure placed it well ahead of rival chains like Optimism and arbitrum on the day, which had almost 880,000 combined.

Related: Coinbase sought FTX Europe acquisition after bankruptcy: Report

That all-time high remains intact for Base, with daily transactions decreasing to roughly 908,000 as of Sept. 22.

Two Base-native projects account for the largest share of TVL on the network.

Decentralized exchange Aerodrome Finance takes the top spot with a TVL of $97.83 million, while decentralized social media app Friend.tech ranks second with a TVL of $36.53 million.

Aerodrome was launched on Aug. 28, enabling users to deposit liquidity to earn its native AERO tokens, among several other features. While it failed to pull in significant deposits during its first couple of days, Aerodrome’s TVL skyrocketed on Aug. 31, with $150 million piling in on that day alone.

Its TVL reached as high as $200 million on Sept. 2; however, the initial hype appears to have cooled since then, with the TVL decreasing by roughly 51% from its peak.