Base’s total value locked crosses $2 billion for the first time amid sustained user activity

Base’s total value locked crosses $2 billion for the first time amid sustained user activity

Reported by The Block: Base has surpassed a total value locked of $2 billion for the first time — a 370% increase year-to-date.

The decentralized exchange Aerodrome is the largest contributor to the TVL growth, with over $1 billion in deposits.

Base, a Layer 2 Ethereum network incubated by Coinbase, has seen its total value locked cross the $2 billion mark for the first time, positioning it as the second-largest optimistic rollup by deposits after Arbitrum.

According to DeFiLlama data, Base’s TVL stands at $2.08 billion, up from about $430 million at the start of the year, marking a 370% growth year-to-date

Base is an optimistic rollup that processes transactions off the main Ethereum blockchain and only periodically posts transaction data on-chain. This method significantly lessens the burden on the Ethereum blockchain, thereby increasing its throughput. Its mainnet launch occurred in August 2023.

Decentralized exchange Aerodrome has been the most significant contributor to Base’s increase in TVL over the past year, with over $1 billion in deposits at the time of writing, followed by Uniswap, which holds $220 million.

Source

Base

In This Article

Related News
Base plans to introduce fault proofs this month, aiming for decentralization Base plans to introduce fault proofs this month, aiming for decentralization
Coinbase to Move Customer and Corporate USDC Account to Base Chain Coinbase to Move Customer and Corporate USDC Account to Base Chain
Latest News More More
2 Days Ago ZetaChain resumes block production after a six-hour outage
2 Days Ago Coinbase shares drop 15% after weaker-than-expected earnings report
3 Days Ago Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms
3 Days Ago MicroStrategy announces plan to raise $42 billion to buy more bitcoin
4 Days Ago Filecoin's largest protocol Glif set to airdrop 100 million tokens
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open