#BuyTheDipOrWaitNow? 1. The "Base" Takeover: Distribution Wins
While Arbitrum and Optimism spent years building for the "crypto-native" user, Base has utilized Coinbase’s distribution to become the undisputed revenue leader.
Market Share: As of early 2026, Base holds approximately 47.6% of the L2 market share by TVL, recently peaking at $4.39 billion in locked value.
Revenue Dominance: Base captures nearly 70% of total L2 fee revenue (roughly $147,000 daily), significantly outperforming its rivals.
Utility: It has pivoted from a meme-coin hub to a "super-app" environment, driving the highest v