| If you want to know how much money a crypto project is making, just look at the fees it collects. It's similar to seeing the sales figures for traditional companies.
More fees can lead to greater profits, which can be used to grow and improve the project, compensate users, and reward investors.
The recent Dencun update on Ethereum hurt many of the Layer-2 solutions, reducing gas fees and thus reducing the fees collected by the L2s. However, there's one fairly notable exception, and that's Base.
Base has continued to grow its fees collected, even as it grows its daily active user base. (Translation: more customers and more revenue.) Since March, it's been the L2 with the greatest amount of fees collected by far.
Those fees and the growing number of users who generate them arguably make Base the most valuable L2 solution today. Remember: you can't invest in a BASE token, but you can invest in its parent company Coinbase ($COIN). | 