Base continues to solidify its position as a leading layer-2 solution. The network is now processing 452.9 million transactions monthly with $4.48 billion in total value locked, capturing 55% of all L2 user addresses. Institutional adoption is accelerating—JP Morgan deployed JPMD on the chain, while RLUSD brought $1.3 billion in liquidity, and CBBTC borrowing volumes recently crossed the $1 billion milestone. A critical advantage: Base operates without a native token, allowing Coinbase to retain all sequencer fees and builder revenue. This economic model positions the platform differently compared to token-incentivized competitors. Meanwhile, protocols like Aerodrome are capitalizing on the growing demand for decentralized exchange services within the ecosystem. The data suggests Base's infrastructure is attracting both traditional finance institutions and crypto-native builders seeking efficient, scalable transaction environments.