Base Reaches $6 Billion in Total Value Locked
Coinbase-built Base blockchain says crypto is finding practical demand in trading, payments and lending.
Updated on Nov. 1, 2026 in Financial Services
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Base creator Jesse Pollock said crypto has found practical demand in trading, payments and lending. The Base blockchain has surpassed $6 billion in total value locked, overtaking Solana.
Why it matters
Base was built to move Coinbase's existing business onto blockchain infrastructure, and its growth signals a shift beyond crypto's store-of-value role. Pollock says AI agents will increasingly carry out financial activity on such platforms.
Base reports more than $6 billion in total value locked, ahead of Solana, and handles more USDC money-movement volume than any other blockchain. It ranks second only to Ethereum as a financing marketplace, though the source does not address how durable this growth will be.
The players
Coinbase
Coinbase is a major U.S. cryptocurrency exchange whose existing business Base was built to move onto blockchain infrastructure.
Jesse Pollock
Jesse Pollock is the creator of the Base blockchain, who argues that crypto is finding practical demand in trading, payments and lending.
The details
Base focuses on trading major cryptocurrencies, tokenized equities and currencies, enables global stablecoin payments, and offers borrowing, lending and credit services. Pollock and a colleague built the chain in one week after several unsuccessful experiments, aiming to give AI agents infrastructure to trade, pay and access financing.
Timeline
February 2023: Base testnet launched.
August 2023: Base mainnet launched.
Past 18 months: crypto found product-market fit beyond its store-of-value role.
Market Landscape
Base's reported $6 billion in total value locked places it ahead of Solana, shifting competitive standing among blockchain platforms. The result reflects a broader contest for financing and payment activity among networks competing to host financial services.
Users of crypto trading and stablecoin payment services may see new options as Base expands its trading, lending and payment offerings. Access to tokenized equities and borrowing services on such platforms could change how consumers manage money.
The takeaway
Blockchain networks are increasingly competing to host real financial activity, not just speculative trading, which may shape which platforms consumers rely on for payments and credit. Readers interested in these services should compare fees, security and access terms before using them.
Further reading
Explore more on Financial Services to see how blockchain platforms are reshaping payments and lending.
Source note: This article includes information reported by TokenPost.
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