Base

. @base is now the largest ethereum L2 by TVL

L2BEAT is an open source, public-good analytics and resrarch platform dedicated to L2 scaling solutions. ❤️

@base builder #001; onchain cities w/ OAK & city3

for folks who are curious about the metrics specifics, on the @base core team we refer to these metrics as two different things:

- AOP (@l2beat): the value of all assets on each L2 across bridged and native
- TVL (@defillama): the value of all assets locked in protocols 

we think about AOP as a measure of latent capital and  TVL as a measure of productive capital. both useful for measuring different things!

Do you also look at measurements of ETH + wBTC + Stables as a % of AOP to better gauge semi stable vs speculative values? 

e.g weighted asset value of $brett is much different than say ETH or usdc

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 