Base, the Ethereum Layer-2 network incubated by Coinbase, has seen its total value locked (TVL) fall by $1.4 billion in the past few weeks. The decline comes as public debate over the chain’s strategy and product direction intensifies. Base TVL Slides as Builders, Critics, & Coinbase Leadership Clash Over the Chain’s Direction Base TVL has dropped from about $5.3 billion in January to roughly $3.9 billion as of this writing. Base TVL. Source: DefiLlama The drop matters because TVL remains one of the mo ...