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.  🎩 

app.intersend.io | sequence. pimlico. poap. polygon. consensys. paxful. flipside crypto. dash. bridgewater. darpa. secdef. navy. dia | linktr.ee/alexanderchopan

Assets held onchain. Accounts for all the Coinbase customer assets that are being custodies on Base. But since they aren’t deployed in defi (on aave, providing liquidity on aero, etc) then they aren’t locked anywhere… just sitting onchain