Coinbase’s layer-2 blockchain, Base, recently achieved a near 1,000 transaction per second (TPS) throughput during a test on the AI platform Virtuals. This puts it closer to the performance of Solana, which boasts a consistent TPS rate of around 1,039. While Base’s real-time TPS is currently around 156, spikes in transactions are observed due to token launches and memecoin trading frenzies. 1,039 is reported by Chainspect as the current throughput for Solana. This brief glimpse into Base’s speed has brought it closer to Solana’s performance for a short time but the latter has remained more consistent with its TPS. The Virtuals AI agent platform held a token launch event this week for Solace, an “emotionally intelligent, voice-native AI companion.” The event generated over $60,000 in fees on Base and only $4,000 on Solana. Notably, the average fee on Base reached around 4 cents despite spikes on May 29th according to Dune Analytics. Base currently holds the title of largest roll-up-based layer-2 network based on value locked onchain with over $15.3 billion in value locked. Its market share has surpassed both Arbitrum One and the OP mainnet, nearing a 34% share. Solana, however, still leads in DeFi Total Value Locked (TVL), sitting at around $9 billion, down from its January all-time high of $11 billion driven by memecoin trading. Ethereum continues to dominate DeFi, with almost $63 billion in TVL but at significantly lower transaction speeds and higher fees compared to Base and Solana.