“Total Value Locked (TVL) of the Base network has passed the $2 billion TVL Base milestone for the first time. Source: DeFi Llama. Supported by the Coinbase exchange, the network took second place in terms of the amount of funds in it among L2-solutions and sixth in the ranking of all blockchains. Top 10 networks according to TVL. Source: DeFi Llama. At the beginning of the year, TVL Base was about $430 million, by the end of September, the figure had increased by 370%. Decentralized exchange […]”, — write: businessua.com.ua
Total Blocked Value (TVL) of the Base network has crossed the $2 billion mark for the first time.
TVL Base. Source: DeFi Llama.
The Coinbase-backed network took second place place in terms of the amount of funds in it among L2-solutions and sixth in the ranking of all blockchains.
Top 10 networks according to TVL. Source: DeFi Llama.
At the beginning of the year, TVL Base was about $430 million, by the end of September, the figure had increased by 370%. Decentralized exchange Aerodrome made the biggest contribution to growth — more than $1 billion is blocked in it. Uniswap follows with $221 million.
Top 10 DeFi projects by TVL in the Base network. Source: DeFi Llama.
Since October 2023, Uniswap’s market share DEX decreased from more than 50% to 36%. Maidanchyk gave up part of its positions to Aerodrome (7%) and Orca (12%).
Despite Arbitrum’s leadership in the indicator of the total volume of blocked value among L2-solutions, Base significantly surpasses its competitors in the number of transactions and active addresses.
As a reminder, in September, Coinbase launched a “wrapped” bitcoin cbBTC on the Base and Ethereum blockchains and planned the release of the tool on the Solana network.
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