Base Overtakes Solana as Second-Largest DeFi Blockchain by Total Value Locked

Key Facts

Base, an Ethereum Layer 2 network, has officially overtaken Solana to rank as the second-largest blockchain by Total Value Locked (TVL) in the decentralized finance (DeFi) sector. TokenPost reported that Base held approximately $5.664 billion in DeFi protocols on November 10, 2026, surpassing the $4.989 billion recorded by Solana.

The shift indicates a growing adoption of Ethereum Layer 2 solutions, with Base's TVL increasing roughly 28% year-to-date through early November, while Solana's contracted by about 36%. Despite this milestone, Ethereum remains the market leader by a wide margin with over $41 billion in TVL, and Solana continues to exceed Base in trading volume and user engagement in several other areas.