Virtuals AI Agent Protocol Fuels Base Activity to Record Highs

Base total value locked (TVL) hits $3.5 billion, surpassing Arbitrum as the largest Ethereum Layer 2 network, driven by Virtuals AI Agent Protocol and Phantom wallet integration.

Base TVL Soars as Virtuals Protocol Gains Momentum

The Ethereum Layer 2 network Base is experiencing unprecedented growth, reaching an all-time high TVL of $3.5 billion and overtaking Arbitrum as the largest Layer 2 by this metric. Weekly activity also surged, with Base processing nearly 54 million transactions last week, a significant jump from 29 million in early September, according to TokenTerminal.

Much of this growth is attributed to the explosive success of Virtuals Protocol, a Base-native project enabling users to launch autonomous AI agents. These agents unlock advanced features as their associated tokens hit specific market cap milestones, fueling interest and platform activity.

Virtuals Protocol and AI Agents Lead the Charge

Virtuals Protocol’s appeal lies in its AI-driven agents, with AIXBT being the largest launched to date. Valued at $112 million in market capitalization, AIXBT autonomously aggregates and tweets cryptocurrency market insights, earning it 30,000 followers on Crypto Twitter within weeks of its debut.

The rise of Virtuals has also boosted its native token, VIRTUAL, by 55% over the past week, pushing its market cap to $860 million. The token serves as the backbone for agent funding, creating upward pressure as more developers and users engage with the platform.

In addition to activity on Base, some developers are utilizing the Wormhole bridge to make agent tokens tradable on Solana, expanding the reach of the Virtuals ecosystem.

Phantom Wallet Integration: A Catalyst for Growth

Base’s recent success is further amplified by Phantom wallet’s integration with the network. Announced on November 25, Phantom now allows seamless token swaps between Base and Solana while enabling access to Base’s DeFi platforms, bridges, and NFTs.

The integration has resonated with retail users, propelling Phantom to the second spot in the Apple App Store’s “Utilities” category, only behind Google. This visibility has likely contributed to the influx of activity on Base, drawing interest from Solana-native users and the broader crypto community.

The Path Ahead for Base and Virtuals

With Virtuals Protocol driving innovation and Phantom wallet broadening access, Base appears poised for sustained growth. As more developers experiment with autonomous AI agents and cross-chain solutions, the network’s ecosystem is set to evolve rapidly.

The combination of groundbreaking projects like Virtuals and user-friendly tools like Phantom wallet could solidify Base’s position as a leader in the Ethereum Layer 2 space.

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