{"id":3590,"date":"2023-09-04T13:30:20","date_gmt":"2023-09-04T13:30:20","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3590"},"modified":"2023-09-04T07:46:18","modified_gmt":"2023-09-04T07:46:18","slug":"base-tvl-doubles-to-380-million","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/base-tvl-doubles-to-380-million\/","title":{"rendered":"Base TVL doubles to $380 million"},"content":{"rendered":"

The Base network, a Layer 2<\/strong> Ethereum network on Coinbase, saw a significant increase in total locked value (TVL<\/strong>) following the launch of a decentralized exchange called Aerodrome. The TVL of the Base network has doubles reaching $380 million<\/strong>. According to DeFiLlama<\/strong>, this TVL data shows that the network has locked more than double the assets compared to the amount recorded on August 28th when Aerodrome launched. Aerodrome itself contributes over $200 million<\/strong> to Base’s total TVL.<\/p>\n

Base TVL doubles to $380 million.<\/strong> The Base network went public in early August and has now become the fourth most valuable Layer 2<\/strong> blockchain in terms of TVL, following other networks like Arbitrum One<\/strong>, Polygon<\/strong>, and OP Mainnet<\/strong>. Furthermore, the project team is actively making daily improvements in their pursuit of excellence.<\/p>\n

Alexander Cutler<\/strong>, co-founder of Aerodrome<\/strong>, commented, “The growth has been exceptional and is a validation of our thesis that ecosystem-specific DEXs<\/strong> can thrive.”<\/p>\n

You might like: What Is Base Network? Coinbase-Backed<\/strong><\/a><\/p><\/blockquote>\n

Liquidity increased on Base<\/h1>\n

The development team at Velodrome Finance, a decentralized<\/strong> exchange built on the OP<\/strong> network, collaborated with 20 launch partners to introduce Aerodrome as a forked version of Base earlier this week. The team’s goal is to increase liquidity on the network and process a significant portion of transactions on-chain<\/strong>. This approach aligns with the strategies of Velodrome<\/strong> and OP Mainnet<\/strong>, both of which involve utilizing decentralized financial incentives.<\/p>\n

Cutler added, “Before our launch, the liquidity landscape on Base was fragmented, and the DeFi<\/strong> ecosystem was lacking. We’ve helped facilitate over 20<\/strong> partners joining Base, and they have also contributed to fostering a liquidity explosion within the ecosystem.”<\/p>\n

\n

You can share your opinions in the comments about the topic. Also, follow us on\u00a0Telegram<\/strong><\/a>,\u00a0Twitter<\/strong><\/a>, and\u00a0YouTube<\/a><\/strong>\u00a0for more content like this.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Base network, a Layer 2 Ethereum network on Coinbase, saw a significant increase in total locked value (TVL) following the launch of a decentralized exchange called Aerodrome. The TVL of the Base network has doubles reaching $380 million. According to DeFiLlama, this TVL data shows that the network has locked more than double the<\/p>\n","protected":false},"author":2,"featured_media":3591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1039,1011,965,966,1035,1037,1036,1038,1168,151,885,105,291,196,478,84],"class_list":["post-3590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-1inch-base-network","tag-arbitrum","tag-base","tag-base-blockchain","tag-base-ecosystem","tag-base-ecosystem-airdrop","tag-base-ecosystem-coinbase","tag-base-ecosystem-fund","tag-base-hacks","tag-coinbase","tag-coinbase-bonds","tag-ethereum","tag-ethereum-network","tag-layer-2","tag-op","tag-polygon"],"yoast_head":"\nBase TVL doubles to $380 million - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Base TVL doubles to $380 million, making it the 4th most valuable Layer 2 blockchain. 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