The controversy erupted after Base promoted a token called "Base is for everyone" on X, which quickly surged to a market capitalization of $17.1 million before plummeting nearly 90% within 20 minutes.

Base hits important milestones in TVL and meme coin gains According to data from DeFi tracker DeFiLlama, the total value of assets locked (TVL) on Base has climbed to $1.298 billion, a record high.