Coinbase's Base layer-2 surpasses Solana in curated vault assets with $1.6B AUM, becoming the largest L2 platform for institutional capital.
DeFi & Yields ·
Coinbase's Base layer-2 network has surpassed Solana in curated vault assets, holding over $1.6 billion and capturing 22.5% of the market share. Base is now the largest layer-2 platform for such capital, carrying more than three times the curated vault assets of Solana, which holds less than $550 million. Ethereum remains the overall leader with nearly $3.5 billion, and together Ethereum and Base represent 70.7% of the curated capital category.
Curated capital refers to deposits in actively managed DeFi vaults where specialized risk curators oversee allocations according to predefined rules and risk frameworks. This structure differs from plain pooled lending by offering more transparent and accountable risk management, particularly for stablecoin yield strategies. Other networks including Binance Smart Chain, Plasma, and Monad trail behind Base in the rankings.
What remains unclear is whether this shift reflects broader institutional preference for Base's infrastructure or a temporary reallocation of vault positioning. The timeframe over which Base accumulated this advantage and whether these figures represent a sustained trend or a point-in-time snapshot are not specified in the available information.