The total value of the Base blockchain surpassed US$2 billion for the first time, up 370% from last year.
The biggest contributor to TVL's growth was decentralized exchange Aerodrome, whose deposits surpassed US$1 billion.
Base, the #Ethereum Tier 2 network founded by #Coinbase , broke the $2 billion mark for the first time and became the second optimistic rollover in terms of deposits after Arbitrum.
Base is an optimistic rollover that processes transactions outside of the main Ethereum #blockchain and only periodically publishes transaction data on the blockchain. This method significantly offloads the Ethereum blockchain and increases throughput; it was launched on the main network in August 2023.
BaseDecentralized exchange Aerodrome was the largest contributor to TVL Base's growth over the past year, with over $1 billion in deposits at the time of writing, followed by Uniswap with $220 million.
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