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Base, the Ethereum Layer-2 network incubated by Coinbase, has seen its total value locked (TVL) fall by $1.4 billion in the past few weeks.
The decline comes as public debate over the chain’s strategy and product direction intensifies.
Base TVL Slides as Builders, Critics, & Coinbase Leadership Clash Over the Chain’s Direction
Base TVL has dropped from about $5.3 billion in January to roughly $3.9 billion as of this writing.
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https://beincrypto.com/base-tvl-decline-coinbase-strategy-2026/
