Activity and total value locked (TVL) on Base is at yet another all-time high as the Virtuals AI Agent protocol takes off.
Base’s TVL now sits at $3.5 billion, and the network has flipped Arbitrum to become the largest Ethereum Layer 2. Activity on the chain also continues to rise, with nearly 54 million transactions last week, compared to just 29 million in the first week of September, according to TokenTerminal.
Part of the excitement is driven by the parabolic rise of Virtuals Protocol, a project built on Base that allows users to deploy autonomous AI agents that unlock new development features as each agent’s token hits certain market capitalization milestones.
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#undefined [Source: TheDefiant]