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A bug in Coinbase’s Base froze part of the network’s infrastructure, raising fresh concerns about Ethereum’s Layer-2 resilience. Still, users could keep sending transactions, blocks continued to be produced, and the network appeared to function normally.
Ethereum kept the largest TVL among smart contract platforms above $42 billion, while Solana led on-chain activity with nearly 2 million transactions during the week of May 25–31, 2026.
Ethereum kept its lead in DeFi in May 2026 with more than $42 billion in TVL, while DEX and perpetual futures activity stayed strong. Solana continued to lead the discussed on-chain metrics, according to the monthly analysis.
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