Base L2 Sees Massive Growth Despite Token Absence

Base L2 pulls $500k daily from apps, $70k from chain, showing strong revenue without a native token.

Nearly 596,000 daily active users prove Base’s rising popularity and engagement across its ecosystem.

$14.37B bridged TVL highlights cross-chain liquidity fueling Base’s fast growth.

Base, the tokenless Layer 2 blockchain, continues to capture attention in the DeFi ecosystem. Analysts report that Base generates around $70k in daily chain revenue, while its applications collectively pull in approximately $500k each day.

On high-activity days, chain revenue spikes to $1.5M, with app revenue reaching $3.06M. Consequently, the network sees an estimated $25 million annual revenue for the chain and $182.5 million for applications. Sam (Interop Enjoyoor) notes, “These are pretty interesting stats for a tokenless L2 which is more of a reason why we need to find an edge.”

Besides the revenue figures, Base maintains strong liquidity and user engagement. DefiLlama data shows Base’s Total Value Locked (TVL) at roughly $4.26 billion, a minor 1.26% decline over 24 hours

Historically, Base experienced modest TVL during mid-2023 but entered a sustained growth phase in early 2024. Since then, the chain has hit multiple TVL peaks throughout 2025. This steady expansion highlights growing user adoption and capital inflow, indicating Base’s position as a formidable L2 ecosystem.

Revenue and Activity Metrics

Daily chain fees on Base currently reach around $74,041, closely aligning with overall chain revenue. Additionally, app fees amount around $1.33 million, and applications bring in about $448,000 every day. Additionally, over a 24-hour period, DEX trading volume reaches $855 million, whilst perpetual trading volume reaches $528 million.

Source: (X)

Every day, around 596,000 active addresses take part, indicating high user involvement. At $14.37 billion, bridged TVL demonstrates significant cross-chain liquidity transfer into Base. Hence, these figures illustrate Base’s growing significance in the DeFi landscape.

Sam emphasizes the need for strategic positioning, stating, “We need to find an edge,” because general interactions alone won’t secure a substantial share of the ecosystem’s value

Consequently, projects and investors must analyze revenue distribution and user engagement to maximize opportunities. Additionally, Base’s tokenless nature encourages creative approaches to monetization and application adoption.

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