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CryptoMedium•23 February 2026•

1 min read

Base Dominates Ethereum Layer 2 Rankings Driven by SocialFi and AI Trends

Key Facts

1Base reached the top of Ethereum's Layer 2 ladder, driven by SocialFi, memecoins, and AI agents.

2AI agents and SocialFi applications played a key role in attracting users and liquidity to the network.

Base, the Layer 2 network developed by Coinbase, has successfully ascended to the top of the Ethereum L2 ecosystem rankings. This rapid rise was primarily fueled by significant traction in the SocialFi and memecoin sectors, alongside the increasing activity of AI agents. These innovative applications played a pivotal role in attracting substantial liquidity and a broad user base to the network. Following this period of explosive growth, Base is now shifting its strategic focus toward optimizing its core infrastructure stack for long-term technical sustainability. The network's success highlights the effective integration of Coinbase’s massive user base into the decentralized finance landscape via low-cost transactions. Analysts suggest that Base’s dominance provides a strategic advantage for both the Ethereum ecosystem and Coinbase's (COIN) overall market position.