Base Chain experiences TVL surge and token gains amid AI narrative and stablecoin demand

KuCoinFlash

Release Time: 05/06/2026 04:28:07

Summary

On-chain data shows Base Chain’s TVL rose to $4.644 billion, with DEX volume reaching $862 million in 24 hours. Tokens such as VIRTUAL, CLANKER, and DEGEN experienced significant gains. The Fear & Greed Index remains elevated, driven by increased stablecoin demand and AI-related activity fueling Base’s growth.

BlockBeats news, on May 6, according to DefiLlama data, Coinbase’s Layer 2 network Base has recently seen a significant rebound in on-chain metrics: its TVL has reached $4.644 billion, DEX trading volume remains active at $862 million in the past 24 hours and $5.123 billion over the past seven days. Since May, on-chain data and wealth effects have reinforced each other.

Meanwhile, multiple tokens in the Base ecosystem rose in tandem:

VIRTUAL market cap surpasses $500 million, up 9.8% in 24 hours.

CLANKER's market cap surpasses $28.7 million, up 21% in 24 hours;

DEGEN's market cap exceeds $26.5 million, up 5.7% in the last 24 hours;

BNKR's market cap has surpassed $35 million, with a 24-hour increase of 9.7%;

TOSHI's market cap has surpassed $78 million, with a 24-hour increase of 5.6%.

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