The climbing base of layer 2 of Crityc Exchange Exchange Exchange Exchange, Base, has gone from being the leader in 2024 in terms of capital tickets through cross -chain bridges to the best losers this year.
The data of the Artemis Terminal show that the base has seen a net exit of $ 4.3 billion this year, a marked contrast with the net ticket of $ 3.8 billion in 2024, which was the highest among the 20 main block chains.
Meanwhile, Ethereum, the world’s largest smart contract block chain, has registered a net ticket of $ 8.5 billion this year, compared to a net exit of $ 7.4 billion in the previous year.
The data show that the impulse behind the base chain has slowed, with Ethereum recovering its first place.
Cryptographic bridges are protocols that facilitate communication and interaction between different block chains, improving interoperability. The bridge, therefore, refers to the act of moving tokens between different networks.
The cumulative supply of Stablecoins in the base has also flattened above $ 4 billion since mid -May together with slower commercial volumes, as the table shows below.
ETH -base hemorrhage
According to the L2beat data source, the total number of ether
Deposit at the base, 1.82 million ETH has been crashed just over 835,000 ETH in four weeks.
The trend is consistent with other layer 2 solutions, which have seen notable ETH exits in recent weeks, according to Michael Nadeau of the defi report in X.
According to the specialist in Coinbase protocol, Viktor Bunin, the exits are probably due to Binance withdrawing capital to layer 1.
“The vast majority is just that Binance retires to L1. They maintained an impious amount in the L2S. It is not clear if they were having incentives to keep it there or simply did not balance in their chains with support,” Bunin said in X.
